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13 Aug 2016
USD/NOK hammered support
A hammer reversal pattern hints that bearish momentum may be slackening in USD/NOK.
The pattern emerged on the daily chart where the Percentage Price Oscillator - a normalized MACD- has been printing below -1. While the oscillator is not at its extremes, there is a real threat of prices moving now considerably higher.
The pattern emerged on the daily chart where the Percentage Price Oscillator - a normalized MACD- has been printing below -1. While the oscillator is not at its extremes, there is a real threat of prices moving now considerably higher.