USD/SEK Up 34 Pips Over Past 4 Hours, 2 Day Up Streak Broken; in a Downtrend Over Past 90 Days
Compared to its peers in the forex, usd/sek gave its buyers a return that ranked 37th in terms of percentage change since yesterday.
USDSEK
(Last Updated July 13, 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:
The Trend
If we observe the 90 and 14 day timeframes, we see a downtrend in place for USDSEK.
USDSEK Moving Averages
The moving averages on USDSEK indicate a trend that is clearly bearish.
The chart below illustrates.
In terms of correlations over the past week for USDSEK, it has demonstrated the strongest correlation with NZDUSD. If we zoom out to a two week basis, though, EURSEK is the asset most correlated to USDSEK. Alternatively, the asset least correlated with USDSEK over the past week has been CHFJPY, but over the past two weeks, GBPNZD has been the asset least correlated with USDSEK. The chart below illustrates USDSEK against its least correlated assets.
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The View From the Weekly Timeframe
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“USDSEK”, “USDSEK”, “USDSEK”, “USDSEK”, “USDSEK”), open = c(9.3223, 9.44064, 9.36633, 9.3758, 9.49381, 9.63503, 9.5424, 9.65555, 9.6219, 9.81565, 9.63598, 9.6113, 9.6947, 9.78657, 9.83533, 9.80795, 9.6489, 9.6823, 9.55422, 9.68576, 9.62872, 9.62593, 9.5601, 9.49675, 9.3729, 9.39977, 9.325, 9.38893, 9.49339, 9.50848, 9.55497, 9.61321, 9.6526, 9.70084, 9.7082, 9.6257, 9.38516, 9.76075, 10.35035, 9.89009, 10.15635, 9.9195, 9.97477, 10.02122, 9.83263, 9.79798, 9.85035, 9.6625, 9.4074, 9.17071, 9.30802,
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USD/SEK Down 116 Pips in Last 4 Hours, 2 Day Up Streak Ended; in a Downtrend Over Past 14 Days
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
USD/SEK Up 117 Pips On 4 Hour Chart, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 5 out of the past 10 days.
USD/SEK Down 254 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 30 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
USD/SEK Up 194 Pips On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; Price Base in Formation Over Past 30 Days
Compared to its peers in the forex, usd/sek gave its buyers a return that ranked 39th in terms of percentage change since yesterday.
USD/SEK Down 161 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Doji and Pin Bar Patterns Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
USD/SEK Up 34 Pips On 4 Hour Chart, Entered Today Down For the 2nd Day In A Row; in a Downtrend Over Past 90 Days
The closest is the 20 day average, which is 882.9 pips away.
USD/SEK Down 428 Pips in Last 4 Hours, in a Downtrend Over Past 90 Days; Eyes 20 Day Average
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.
USD/SEK Up 7 Pips On 4 Hour Chart, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 10 days usd/sek’s price has gone up 6 them.
USD/SEK Up 50 Pips in Last 4 Hours, Moves Down For the 2nd Day In A Row; Price Base in Formation 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.