(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:
| 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 |
On EURSEK, there is currently a downtrend on the 90 and 30 day timeframes.
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.
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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.
Monthly trend: strongest on the 24 month timeframe.
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.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Price action traders may also wish to note that we see a doji candlestick pattern on eursek.
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.
Volatility for eursek has been contracting over the past two weeks relative to volatility over the past month.
This is a reversal of the price action on the previous hour, in which price moved up.
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.
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.
This move is a reversal from the hour prior, which saw price move up.
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.