EUR/SEK 4 Hour Price Update
Updated May 20, 2020 05:05 PM GMT (01:05 PM EST)
EUR/SEK is down 372 pips (0.35%) since the last 4 hour candle (opening the current 4 hour candle near 10.5205), marking the 2nd candle in a row it has gone down. Relative to other instruments in the Forex asset class, EUR/SEK ranked 34th the last 4 hour candle in terms of percentage price change.
EUR/SEK End of Day Recap
Updated 00:30 GMT (04:30 EST)
The choppiness in the recent daily price action of EUR/SEK continues; to start today, it came in at a price of 10.58137, up 175 pips (0.17%) since the day prior. Out of the 40 instruments in the Forex asset class, EUR/SEK ended up ranking 14th for the day in terms of price change. Below is a price chart of EUR/SEK.
EUR/SEK Technical Analysis
Coming into today EUR/SEK is now close to its 20, 50, 100 and 200 day averages, located at 10.6489, 10.8072, 10.733 and 10.6735 respectively, and thus may be at a key juncture along those timeframes. 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 20 day average, which is 675 pips away. Volatility for EUR/SEK has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. 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 EUR/SEK’s price has gone down 17 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji and pin bar patterns appearing here.