EURSEK

(Last Updated April 15, 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 2021-04-16 08:00 GMT
Euro Area Core Inflation Rate YoY Final Mar 2021 Euro EUR 2021-04-16 09:00 GMT 0.9%
Euro Area Inflation Rate YoY Final Mar 2021 Euro EUR 2021-04-16 09:00 GMT 1.3%
Euro Area Balance of Trade Feb 2021 Euro EUR 2021-04-16 09:00 GMT

The Trend

If we observe the 90 and 30 day timeframes, we see an uptrend in place for EURSEK.

EURSEK Moving Averages

The moving averages on EURSEK summarize its price action in an interesting way. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish.

Below is a chart showing EURSEK’s price with its moving averages.

Regarding EURSEK’s correlations over the past 7 days, it has demonstrated the strongest correlation with EURGBP. If we zoom out to a two week basis, though, the asset showing the strongest correlation to EURSEK is GBPAUD. On the flip side, GBPUSD has been the asset least correlated with EURSEK — but if we observe the prior two weeks, USDTRY 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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The View From the Weekly Timeframe

At the moment, EURSEK’s rate is down -143 pips (-0.14%) from the week prior. Moreover, note that the weekly chart shows that EURSEK has seen 2 straight down weeks. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. 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

Clearest trend on the monthly is apparent at the 60 month timeframe.

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