EURSEK Down 0 Pips in Last Hour, Came Into Today Up For the 2nd Straight Day; Nears 20, 50 and 100 Day Moving Averages

Hourly Update

(Last Updated April 26, 2021 3:19 GMT)

Currently, EURSEK’s rate is down 0 pips (0%) from the hour prior. EURSEK has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EURSEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURSEK is up 35 pips (0.03%) since the previous day (opening today near 10.1335), marking the 2nd straight day it has gone up. Out of the 39 instruments in the Forex asset class, EURSEK ended up ranking 18th for the day in terms of price change. Below is a price chart of EURSEK.

EURSEK

EURSEK Technical Analysis

Coming into today EURSEK is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 4.6 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 30 days EURSEK’s price has gone up 18 them. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.