(Last Updated May 28, 2020)
Welcome to the news page for EURSEK (EURSEK). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
On EURSEK, there is currently a downtrend on the 30 and 14 day timeframes.
Across several time periods between 20 and 200 days, the trend on EURSEK has remained consistently bearish.
Below is a chart showing EURSEK’s price with its moving averages.
As for correlation, Regarding EURSEK’s correlations over the past 7 days, it has demonstrated the strongest correlation with GBPAUD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to EURSEK is NZDCAD. Alternatively, the asset least correlated with EURSEK over the past week has been EURTRY, but over the past two weeks, EURCAD has been the asset least correlated with EURSEK. See the chart below to observe the recent price action in EURSEK versus those of assets it hasn’t been well correlated with.
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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.
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.
This imputes a buy/sell ratio of 3, which is bullish.
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
The closest is the 20 day average, which is 1008.7 pips away.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Relative to other instruments in the forex asset class, eur/sek ranked 24th yesterday in terms of percentage price change.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
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 clearest trend exists on the 30 day timeframe, which shows price moving down over that time.