EUR/SEK Up 234 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days

EUR/SEK 4 Hour Price Update

Updated May 14, 2020 09:09 AM GMT (05:09 AM EST)

EUR/SEK is up 234 pips (0.22%) since the last 4 hour candle (opening the current 4 hour candle near 10.6463), marking the 2nd candle in a row it has gone up. Compared to its peers in the Forex, EUR/SEK gave its buyers a return that ranked 3rd in terms of percentage change since the last 4 hour candle.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/SEK is up 21 pips (0.02%) since yesterday (opening today near 10.6168), marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, EUR/SEK ranked 20th yesterday in terms of percentage price change. Here is a price chart of EUR/SEK.

EUR/SEK Technical Analysis

The first thing we should note is that EUR/SEK is now close to its 20, 50, 100 and 200 day averages, located at 10.7133, 10.8569, 10.7301 and 10.6758 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 200 day average, which is 590.4 pips away. The clearest trend exists on the 30 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 10 days EUR/SEK’s price has gone down 6 them.