(Last Updated July 19, 2021 6:18 GMT)
Currently, EURSEK’s rate is down -7 pips (-0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
EURSEK End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURSEK is up 168 pips (0.16%) since the day prior (opening today near 10.25024), marking the 5th consecutive day an upward move has occurred. Compared to its peers in the Forex, EURSEK gave its buyers a return that ranked 13th in terms of percentage change since the day prior. Here is a price chart of EURSEK.
EURSEK Technical Analysis
Coming into today the current price of EURSEK is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 200 day average, which is 850.3 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days EURSEK’s price has gone up 9 them.