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EURSEK

(Last Updated January 18, 2021)

Welcome to the news page for EURSEK (EURSEK). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for EURSEK

metric_name reference_period asset_name asset_id date time forecast outcome
Euro Area Eurogroup Video Conference NA Euro EUR 2021-01-18 08:00 GMT
Euro Area ECB President Lagarde Speech NA Euro EUR 2021-01-18 08:00 GMT
European Union New Car Registrations YoY Dec 2020 Euro EUR 2021-01-19 07:00 GMT
Euro Area ZEW Economic Sentiment Index Jan 2021 Euro EUR 2021-01-19 10:00 GMT
Euro Area Construction Output YoY Nov 2020 Euro EUR 2021-01-19 10:00 GMT

The Trend

On EURSEK, there is currently a downtrend on the 90 and 30 day timeframes.

EURSEK Moving Averages

Across several time periods between 20 and 200 days, the trend on EURSEK has remained consistently bearish.

The chart below illustrates.

In terms of correlations over the past week for EURSEK, it has been most correlated with USDSEK. USDSEK is the asset with which EURSEK has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. On the flip side, USDCAD has been the asset least correlated with EURSEK — but if we observe the prior two weeks, EURNZD 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.

.

The View From the Weekly Timeframe

At the moment, EURSEK’s rate is up 682 pips (0.68%) from the week prior. Moreover, note that this is the 2nd consecutive week EURSEK has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows EURSEK’s price action over the past year.

EURSEK: The Monthly View

Monthly trend: strongest on the 24 month timeframe.

EUR/SEK Down 78 Pips in Last Hour, Came Into Today Down For the 2nd Consecutive Day; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURSEK
January 21, 2021

Given that we see downtrend on the 20, 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

EURSEK Down 46 Pips Over Past Hour, Moves Down For the 2nd Consecutive Day; is Inching Close to 20 Day Average

Categories Forex News Tags EURSEK
January 22, 2021January 19, 2021

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.

EURSEK Down 132 Pips Over Past Hour, Eyes 20 and 50 Day Averages; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURSEK
January 19, 2021January 18, 2021

Price action traders may also wish to note that we see a doji candlestick pattern on eursek.

EURSEK Up 81 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days

Categories Forex News Tags EURSEK
January 18, 2021January 15, 2021

Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

EURSEK Up 14 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days

Categories Forex News Tags EURSEK
January 15, 2021January 14, 2021

Volatility for eursek has been contracting over the past two weeks relative to volatility over the past month.

EURSEK Down 34 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days

Categories Forex News Tags EURSEK
January 14, 2021January 13, 2021

This is a reversal of the price action on the previous hour, in which price moved up.

EURSEK Down 4 Pips Over Past Hour, 2 Day Up Streak Snapped; in a Downtrend Over Past 30 Days

Categories Forex News Tags EURSEK
January 13, 2021January 12, 2021

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.

EURSEK Up 67 Pips Over Past Hour, in a Downtrend Over Past 30 Days; Nears 20 Day Moving Average

Categories Forex News Tags EURSEK
January 12, 2021January 8, 2021

Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

EURSEK Down 11 Pips Over Past Hour; in a Downtrend Over Past 90 Days

Categories Forex News Tags EURSEK
January 8, 2021January 7, 2021

This move is a reversal from the hour prior, which saw price move up.

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

Categories Forex News Tags EURSEK
January 7, 2021January 6, 2021

The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.

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