EURSEK Down 1 Pips On Hourly Chart, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
EURSEK
(Last Updated January 23, 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 ECB President Lagarde Speech | NA | Euro | EUR | 2021-01-25 | 08:45 GMT | ||
| Euro Area ECB President Lagarde Speech | NA | Euro | EUR | 2021-01-25 | 16:00 GMT |
The Trend
If we observe the 90 and 30 day timeframes, we see a downtrend in place for EURSEK.
EURSEK Moving Averages
Across several time periods between 20 and 200 days, the trend on EURSEK has remained consistently bearish. Moreover, it should also be noted that the 20 SMA just turned bearish today.
Below is a chart showing EURSEK’s price with its moving averages.
As for assets in the Forex asset class EURSEK has been correlated to over the past week, it has been most correlated with USDNOK. Over the past 14 days, however, USDSEK is the asset most correlated to EURSEK. Alternatively, GBPAUD has been the asset least correlated with EURSEK — but over the past two weeks, CADJPY 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
Currently, EURSEK’s rate is down -716 pips (-0.71%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move 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
Clearest trend on the monthly is apparent at the 24 month timeframe.
EURSEK Up 68 Pips in Last Hour, in a Downtrend Over Past 90 Days; is Inching Close to 20 Day Average
Price action traders may also wish to note that we see a doji candlestick pattern on eursek.
EURSEK Down 89 Pips Over Past Hour; Eyes 20 Day Average
This move is a reversal from the hour prior, which saw price move up.
EURSEK Up 56 Pips Over Past Hour; in a Downtrend Over Past 90 Days
This move is a reversal from the hour prior, which saw price move down.
EURSEK Down 106 Pips Over Past Hour
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
EURSEK Down 20 Pips Over Past Hour; in a Downtrend Over Past 14 Days
This move is a reversal from the hour prior, which saw price move up.
EURSEK Up 26 Pips in Last Hour; in a Downtrend Over Past 14 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
EURSEK Down 12 Pips Over Past Hour, 2 Day Down Streak Broken; in a Downtrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
EURSEK Up 37 Pips in Last Hour, Moves Down For the 2nd Consecutive Day; in a Downtrend Over Past 14 Days
Price action traders may also wish to note that we see a doji candlestick pattern on eursek.
EURSEK Down 11 Pips On Hourly Chart; Moves Down For the 2nd Straight Day
Relative to other instruments in the forex asset class, eursek ranked 36th yesterday in terms of percentage price change.