(Last Updated May 28, 2020)
Welcome to the news page for USDSEK (USDSEK). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
If we observe the 30 and 14 day timeframes, we see a downtrend in place for USDSEK.
The moving averages on USDSEK indicate a trend that is clearly bearish.
The chart below illustrates.
As for correlation, As for assets in the Forex asset class USDSEK has been correlated to over the past week, it has been most correlated with EURUSD. Over the past 14 days, however, EURJPY is the asset most correlated to USDSEK. Alternatively, USDJPY has been the asset least correlated with USDSEK — but if we observe the prior two weeks, the asset least correlated with USDSEK has been GBPCHF. The chart below illustrates USDSEK against its least correlated assets.
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Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
The closest is the 200 day average, which is 684.1 pips away.
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.
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.
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.
The closest is the 200 day average, which is 105.6 pips away.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
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.
For additional context, note that price has gone down 6 out of the past 10 days.