{"id":5684,"date":"2010-01-06T11:41:34","date_gmt":"2010-01-06T16:41:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=5684"},"modified":"2010-01-06T11:41:34","modified_gmt":"2010-01-06T16:41:34","slug":"eurnok-tumbling-down-a-cliff","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/01\/06\/eurnok-tumbling-down-a-cliff\/","title":{"rendered":"EUR\/NOK Tumbling Down a Cliff"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; Some of you have already noticed it, but for those of you who have not, you may want to pay attention. The EUR\/NOK pair has dropped over 3,000 pips during the last month! With no signs of halting, this appears to be one of the sharpest trends in the market.<\/p>\n<p>\u2022 The chart below is the EUR\/NOK 4-hour chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACD\/OsMA and the Relative Strength Index (RSI).<br \/>\n\u2022 All 3, Slow Stochastic, MACD and the RSI are showing a negative slope, which indicates that the momentum is clearly bearish.<br \/>\n\u2022 Furthermore, the MACD and the RSI show a very accurate bearish channel, which also indicates that the pair is in the midst of a strong bearish trend.<br \/>\n\u2022 The pair has now reached a significant support level at the 8.1550 price.<br \/>\n\u2022 If the pair will manage to breach though, another sharp drop could be expected.<br \/>\n\u2022 However, be cautious, if the pair will fail to breach this level, a bullish correction might be initiated as a result.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/01\/EUR-NOK.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/01\/EUR-NOK.bmp\" alt=\"\" width=\"595\" height=\"595\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; Some of you have already noticed it, but for those of you who have not, you may want to pay attention. The EUR\/NOK pair has dropped over 3,000 pips during the last month! With no signs of halting, this appears to be one of the sharpest trends in the market. \u2022 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/01\/06\/eurnok-tumbling-down-a-cliff\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/NOK Tumbling Down a Cliff&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-5684","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5684","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=5684"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/5684\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=5684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=5684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=5684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}