USD/NOK
USD/NOK market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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USD/NOK details
USD/NOK is the forex ticker for the currency exchange rate between the US dollar and Norwegian krone. It tells traders how many krone are needed to buy a single US dollar.
The USD/NOK pair is considered an exotic pair, as it comprises of a major currency (the US dollar) against a developing economy. However, NOK is still a very popular currency among European traders.
The USD/NOK exchange rate is primarily influenced by changes in oil prices due to Norway’s position as a supplier of oil and gas to the global market.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | -1.59 |
| Short | -1.01 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 100 Points |
Spreads
| Spreads from | 0.0032 Points |
Margins
| 0 - 54,000,000 | 5.0 % |
| 54,000,000 - 180,000,000 | 7.0 % |
| 180,000,000 + | 10.0 % |
Dealing
| Spreads from | 0.0032 Points |
Margins
| 0 - 54,000,000 | 5.0 % |
| 54,000,000 - 180,000,000 | 7.0 % |
| 180,000,000 + | 10.0 % |
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