Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.
Compared to its peers in the forex, usdsek gave its buyers a return that ranked 30th in terms of percentage change since yesterday.
On a relative basis, usdsek was the worst performer out of all 39 of the assets in the forex asset class.
The closest is the 20 day average, which is 725.5 pips away.
Relative to other instruments in the forex asset class, usdsek ranked 27th the day prior in terms of percentage price change.
Relative to other instruments in the forex asset class, usdsek ranked 25th the previous day in terms of percentage price change.
The closest is the 20 day average, which is 1204.4 pips away.
This is the 3rd consecutive hour usdsek has seen its price head down.
It’s been a feast for bulls operating on an hourly timeframe, as usdsek has now gone up 4 of the past 5 hours.