The hourly 50-period SMA broke through the slower 200-period SMA, adding credence to the recent bearish USD/NOK profile. From here, if USD/NOK spot rises closer to the level where the moving averages crossed, then sellers might see it as an opportunity to reenter at a better price. Furthermore, a convincing break through the 50-SMA signals a neutral tone, shifting positive above the 200-SMA.
The hourly 50-period SMA broke is highest level the SMA has ever been
( z1 have-degree :ARG1 ( z2 break :ARG1 ( z3 rate :mod ( z4 minimum ) :mod ( z5 period :quant 50 :unit ( z6 hour ) ) ) ) :ARG2 ( z7 high :ARG1 z2 ) :ARG3 ( z8 most ) :ARG5 ( z9 rate :mod z4 :time ( z10 ever ) ) )