USD/SEK Down 13 Pips in Last Hour; Makes Big Move Relative to Two Week Trend
This is a reversal of the price action on the previous hour, in which price moved up.
August 12, 2022 21:49 GMT
Over the past 91 days, USDSEK’s price has been in a clear uptrend, growing by about $0.01 per day.
Over the past 135 days, USDSEK’s price has been in a clear uptrend, growing by about $0.01 per day.
USDSEK’s price has moved up $1.1 over the prior 33 weeks.
USDSEK has a price of $10.1833, up 0.44% from its value 14 days prior.
+ 500 – Internal server error
+ 500 – Internal server error
This is a reversal of the price action on the previous hour, in which price moved up.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
Given that we see downtrend on the 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Price action traders may also wish to note that we see a doji candlestick pattern on usdsek.
It’s been a feast for bears operating on an hourly timeframe, as usdsek has now gone down 4 of the past 5 hours.
On a relative basis, usdsek was the worst performer out of all 39 of the assets in the forex asset class.