The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 11.25% from the day prior, and up 10.34% from the same day the week before.
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 20 day average, which is 47.8 pips away.
The closest is the 20 day average, which is 71.2 pips away.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 13.47% from the day before — and down 23.93% from the same day the week before.
The closest is the 50 day average, which is 341.1 pips away.
Relative to other instruments in the forex asset class, eur/sek ranked 32nd yesterday in terms of percentage price change.
It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign.
The closest is the 50 day average, which is 122.4 pips away.