EUR/SEK Down 23 Pips Over Past 4 Hours, 2 Day Up Streak Ended; in a Downtrend Over Past 30 Days
The closest is the 20 day average, which is 1008.7 pips away.
EURSEK
(Last Updated June 5, 2020)
Hello! This is the news page for EURSEK. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On EURSEK, there is currently a downtrend on the 90, 30 and 14 day timeframes.
EURSEK Moving Averages
The moving averages on EURSEK indicate a trend that is clearly bearish.
The chart below illustrates.
As for correlation, As for assets in the Forex asset class EURSEK has been correlated to over the past week, it has demonstrated the strongest correlation with USDCAD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to EURSEK is USDSEK. On the flip side, the asset least correlated with EURSEK over the past week has been EURTRY, but over the past two weeks, the asset least correlated with EURSEK has been GBPCAD. The chart below illustrates EURSEK against its least correlated assets.
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EUR/SEK Up 35 Pips in Last 4 Hours, 3 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
EUR/SEK Up 117 Pips On 4 Hour Chart, 3 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, eur/sek ranked 24th yesterday in terms of percentage price change.
EUR/SEK Down 372 Pips Over Past 4 Hours, 2 Day Down Streak Snapped; in a Downtrend Over Past 30 Days
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
EUR/SEK Down 58 Pips On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
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.
EUR/SEK Down 125 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
EUR/SEK Up 588 Pips in Last 4 Hours, Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
EUR/SEK Up 234 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days
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.
EUR/SEK Down 0 Pips in Last 4 Hours, Moves Up For the 3rd Day In A Row; in a Downtrend Over Past 30 Days
The closest is the 200 day average, which is 41.2 pips away.
EUR/SEK Up 108 Pips in Last 4 Hours, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
The closest is the 200 day average, which is 715.3 pips away.