Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.030
Sell
RSI(14)
40.574
Neutral
STOCH(KDJ)(9,3,3)
24.303
Neutral
ATR(14)
0.086
High Vlolatility
CCI(14)
-83.141
Neutral
Williams %R
77.875
Sell
TRIX(12,20)
-0.086
Sell
StochRSI(14)
16.252
Sell
Search
USD/NOK
Add to Watchlist
9.501
-0.015-0.16%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.16%
5 Days
+0.41%
1 Month
-2.97%
6 Months
-1.51%
Year to Date
-5.61%
1 Year
-6.96%
Key Data Points
Opening Price
9.513Previous Closing Price
9.517Norwegian Krone: Policy rate seen on hold from Norges Bank – Nordea
Nordea economists Kjetil Olsen and Sara Midtgaard expect Norges Bank to leave the policy rate at 4.25% at next week’s meeting. They highlight that June core inflation was well below the Bank’s projection and see July data remaining subdued.
FxstreetMon, Aug 3
Norwegian Krone: Limited upside from Norges Bank flows – BNY
BNY’s Geoff Yu argues that while Norwegian Krone (NOK) should find demand from improved Oil and gas terms of trade and a relatively hawkish Norges Bank, elevated holdings and modest FX purchases limit upside.
FxstreetThu, Jul 23
Norwegian Krone: Rate path hinges on inflation data – Commerzbank
Commerzbank’s Antje Praefcke highlights recent confusion in Norway after delayed core inflation data and an unexpected slowdown in both headline and core rates.
FxstreetWed, Jul 22
Norwegian Krone: Range trading view holds against Euro – Rabobank
Rabobank’s Jane Foley notes that softer Norwegian inflation has tempered expectations for further Norges Bank tightening, even after May’s 25 bps hike to 4.25%.
FxstreetMon, Jul 20
Norwegian Krone: Softer inflation but Norges Bank still hawkish – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights broad Norwegian Krone (NOK) underperformance after Norway’s underlying inflation dropped to an 18‑month low, below Norges Bank and consensus projections.
FxstreetWed, Jul 15
Norwegian Krone: Supported against Euro as NOK flows increase – Nordea
Nordea’s Senior Macro and FX Strategist Sara Midtgaard notes that the Norwegian Krone (NOK) weakened in June, with EUR/NOK peaking near 11.35, but now sees limited further upside.
FxstreetTue, Jun 30
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Sell
Moving Average
Indicators
Value
Direction
MA5
9.515
Sell
MA10
9.547
Sell
MA20
9.596
Sell
MA50
9.623
Sell
MA100
9.506
Sell
MA200
9.699
Sell
USD/NOK Trading Strategy
Intraday
Short Term
Trading Strategy
The downside prevails as long as 9.5529 is resistance, with 9.4736 and 9.4520 as targets
Alternative scenario
above 9.5529, look for 9.5893 and 9.6110.
Comment
The downside prevails as long as 9.5529 is resistance, with 9.4736 and 9.4520 as targets
23 hours ago
Source: Trading Central(Reference Only)
More Details of USD/NOK
USDNOK refers to the exchange rate between the US Dollar (USD) and the Norwegian Krone (NOK). This currency pair is significant for international trade and investment, particularly due to Norway's strong economy, which is heavily influenced by its oil exports. The value of USDNOK is affected by various factors, including economic indicators from both the United States and Norway, interest rate policies, commodity prices (especially oil), and broader geopolitical events. Traders and investors closely monitor this pair to gain insights into economic trends and market dynamics in the Nordic region.
What are the risks associated with trading USDNOK?
Trading USDNOK involves risks such as currency volatility, fluctuations in oil prices, and economic instability in Norway. Traders should also consider geopolitical events and the impact of global market sentiment on the currency pair.
What role do oil prices play in USDNOK?
As a major oil exporter, Norway's economy is closely tied to oil prices. Rising oil prices typically strengthen the NOK against the USD, while falling oil prices can lead to a depreciation of the NOK.
Are there any costs involved in converting USD to NOK?
Yes, converting USD to NOK typically involves several costs:
Transaction Fees: Charged by the service provider for executing the transfer.
Conversion Fees: Additional fees for the currency conversion process.
Spread: The difference between the bid and ask prices for the currency pair, which is how financial institutions often make a profit on currency conversions.
It’s beneficial to compare the rates and fees of different service providers to find the most cost-effective solution for your transfer needs.
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