Skip to content
  • Home
  • Forex News
    • EURUSD
    • GBPUSD
    • GBPJPY
    • USDTRY
  • Crypto
    • Bitcoin
    • Ethereum
    • Bitcoin Cash
    • Litecoin
  • Metals
    • Gold
    • Silver
    • Copper
    • Platinum
  • Energy
    • Crude Oil
    • Brent
    • Natural Gas
    • Gasoline
  • Equity Indices
    • Russell 2000
    • S&P 500
    • FTSE 100
    • Nikkei 225
  • Mega Cap US Stocks
  • Charts
  • About+
    • Contact
    • Contributors
    • Our Mission: Help Traders Make Better Decisions
    • Widgets for Crypto, Stock Indices, and More

USDSEK

(Last Updated March 4, 2021)

Hello! This is the news page for USDSEK. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for USDSEK

metric_name reference_period asset_name asset_id date time forecast outcome
United States Continuing Jobless Claims 20/Feb 2021 US Dollar USD 2021-03-04 13:30 GMT 4300K
United States Jobless Claims 4-week Average Feb/27 2021 US Dollar USD 2021-03-04 13:30 GMT
United States Initial Jobless Claims 27/Feb 2021 US Dollar USD 2021-03-04 13:30 GMT 750K
United States Unit Labour Costs QoQ Final Q4 2020 US Dollar USD 2021-03-04 13:30 GMT 6.6%
United States Nonfarm Productivity QoQ Final Q4 2020 US Dollar USD 2021-03-04 13:30 GMT -4.7%

The Trend

As for trends on USDSEK, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.

USDSEK Moving Averages

The moving averages on USDSEK summarize its price action in an interesting way. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, while the 100 and 200 day averages are pointing downward, suggesting a bearish trend on those timeframes. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish. Moreover, it should also be noted that the 20 SMA just turned bullish today.

The chart below illustrates.

As for assets in the Forex asset class USDSEK has been correlated to over the past week, it has been most correlated with EURUSD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to USDSEK is EURSEK. Alternatively, the asset least correlated with USDSEK over the past week has been EURCHF, but if we observe the prior two weeks, the asset least correlated with USDSEK has been AUDCHF. See the chart below to observe the recent price action in USDSEK versus those of assets it hasn’t been well correlated with.

.

The View From the Weekly Timeframe

At the time of this writing, USDSEK’s rate is down -61 pips (-0.07%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. As for the trend on the weekly timeframe, we see the clearest trend on the 20 week timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on USDSEK. Given that we see downtrend on the 20 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows USDSEK’s price action over the past year.

USDSEK: The Monthly View

Clearest trend on the monthly is apparent at the 120 month timeframe.

USDSEK Down 226 Pips in Last Hour; Entered Today Up For the 2nd Day In A Row

Categories Forex News Tags USDSEK
February 5, 2021February 4, 2021

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.

USDSEK Up 90 Pips in Last Hour, 2 Day Up Streak Snapped; in a Downtrend Over Past 90 Days

Categories Forex News Tags USDSEK
February 3, 2021February 3, 2021

Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

USDSEK Down 77 Pips Over Past Hour; 2 Day Up Streak Ended

Categories Forex News Tags USDSEK
February 3, 2021February 1, 2021

Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

USDSEK Down 120 Pips in Last Hour, in a Downtrend Over Past 90 Days; Eyes 50 Day Average

Categories Forex News Tags USDSEK
February 1, 2021January 29, 2021

Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.

USDSEK Down 35 Pips On Hourly Chart, 2 Day Up Streak Broken; Eyes 50 Day Average

Categories Forex News Tags USDSEK
January 29, 2021January 28, 2021

And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.

USDSEK Up 96 Pips Over Past Hour, Moves Up For the 2nd Consecutive Day; in a Downtrend Over Past 90 Days

Categories Forex News Tags USDSEK
January 29, 2021January 27, 2021

This is a reversal of the price action on the previous hour, in which price moved down.

USDSEK Down 3 Pips in Last Hour, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 30 Days

Categories Forex News Tags USDSEK
January 28, 2021January 26, 2021

Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.

USDSEK Up 40 Pips On Hourly Chart, in a Downtrend Over Past 90 Days; Nears 20 Day Moving Average

Categories Forex News Tags USDSEK
January 26, 2021January 25, 2021

For additional context, note that price has gone down 6 out of the past 10 days.

USDSEK Down 202 Pips On Hourly Chart, 3 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags USDSEK
January 25, 2021January 22, 2021

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.

USD/SEK Down 104 Pips Over Past Hour, Entered Today Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags USDSEK
January 21, 2021

It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.

Post navigation
Older posts
Newer posts
← Previous 1 2 3 4 … 26 Next →
+ More
© 2021 CFDTrading

747 Third Avenue
New York, NY 10017 USA

Brokers and Publishers: Advertise | Widgets

Follow on social media: Facebook | Twitter | LinkedIn

Scroll back to top