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EURSEK

(Last Updated March 16, 2021)

Hello! This is the news page for 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 Enria Speech NA Euro EUR 2021-03-16 11:00 GMT
Euro Area Inflation Rate YoY Final Feb 2021 Euro EUR 2021-03-17 10:00 GMT 0.9%
Euro Area Core Inflation Rate YoY Final Feb 2021 Euro EUR 2021-03-17 10:00 GMT 1.1%
Euro Area Construction Output YoY Jan 2021 Euro EUR 2021-03-17 10:00 GMT
European Union New Car Registrations YoY Feb 2021 Euro EUR 2021-03-18 07:00 GMT

The Trend

As for trends on EURSEK, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.

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. Ultimately, this suggests a bullish trend on shorter timeframes, compared to a bearish trend when observing more than 3 months of data.

The chart below illustrates.

As for assets in the Forex asset class EURSEK has been correlated to over the past week, it has demonstrated the strongest correlation with CHFJPY. Over the past 14 days, however, AUDUSD is the asset most correlated to EURSEK. Alternatively, USDJPY has been the asset least correlated with EURSEK — but if we observe the prior two weeks, the asset least correlated with EURSEK has been EURGBP. The chart below illustrates EURSEK against its least correlated assets.

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The View From the Weekly Timeframe

At the time of this writing, EURSEK’s rate is down -464 pips (-0.46%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as EURSEK has now gone down 4 of the past 5 weeks. 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 60 month timeframe.

EURSEK Up 25 Pips in Last Hour, Entered Today Up For the 2nd Consecutive Day; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURSEK
April 1, 2021March 30, 2021

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.

EURSEK Down 86 Pips Over Past Hour, in an Uptrend Over Past 14 Days; Eyes 200 Day Average

Categories Forex News Tags EURSEK
March 31, 2021March 26, 2021

It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.

EURSEK Up 79 Pips in Last Hour, Eyes 20 and 100 Day Averages; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURSEK
March 26, 2021March 25, 2021

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.

EURSEK Up 79 Pips Over Past Hour, 5 Day Up Streak Snapped; Nears 20 and 100 Day Moving Averages

Categories Forex News Tags EURSEK
March 26, 2021March 24, 2021

And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.

EURSEK Up 55 Pips On Hourly Chart, Came Into Today Up For the 5th Day In A Row; Eyes 20 and 100 Day Averages

Categories Forex News Tags EURSEK
March 25, 2021March 23, 2021

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.

EURSEK Up 40 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Moves Up For the 4th Consecutive Day

Categories Forex News Tags EURSEK
March 24, 2021March 22, 2021

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.

EURSEK Up 46 Pips in Last Hour, Came Into Today Up For the 3rd Straight Day; Breaks Above 100 Day Average

Categories Forex News Tags EURSEK
March 23, 2021March 10, 2021

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

EURSEK Up 32 Pips in Last Hour, in an Uptrend Over Past 14 Days; Eyes 20 and 50 Day Averages

Categories Forex News Tags EURSEK
March 11, 2021March 9, 2021

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

EURSEK Down 5 Pips in Last Hour, in an Uptrend Over Past 14 Days; Eyes 100 Day Average

Categories Forex News Tags EURSEK
March 10, 2021March 5, 2021

Compared to its peers in the forex, eursek gave its buyers a return that ranked 20th in terms of percentage change since the previous day.

EURSEK Down 47 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Price Base in Formation Over Past 30 Days

Categories Forex News Tags EURSEK
March 5, 2021March 4, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.

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