EURSEK Down 1 Pips On Hourly Chart, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Hourly Update

(Last Updated January 7, 2021 2:19 GMT)

At the moment, EURSEK’s rate is down 1 pips (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists 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 entered today at 10.0618, up 111 pips (0.11%) from yesterday. Compared to its peers in the Forex, EURSEK gave its buyers a return that ranked 21st in terms of percentage change since yesterday. Here is a price chart of EURSEK.

EURSEK

EURSEK Technical Analysis

Coming into today EURSEK is now close to its 20, 50 and 100 day averages, located at 10.1325, 10.194 and 10.2916 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days EURSEK’s price has gone down 17 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!