EUR/SEK Up 108 Pips in Last 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart

EUR/SEK 4 Hour Price Update

Updated May 13, 2020 01:10 AM GMT (09:10 PM EST)

EUR/SEK is up 108 pips (0.1%) since the previous 4 hours (opening the current 4 hour candle near 10.6084), marking the 2nd candle in a row an upward move has occurred. Out of the 37 instruments in the Forex asset class, EUR/SEK ended up ranking 12th for the four-hour candle in terms of price change.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for EUR/SEK, which started today off at 10.60443, up 41 pips 0.04% from the day prior. Out of the 40 instruments in the Forex asset class, EUR/SEK ended up ranking 20th for the day in terms of price change. Let’s take a look at price chart of EUR/SEK.

EUR/SEK Technical Analysis

Coming into today the current price of EUR/SEK 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 715.3 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 14 days EUR/SEK’s price has gone down 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!