USD/SEK Down 71 Pips Over Past 4 Hours, 3 Day Down Streak Broken; Pin Bar Pattern 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 up.
USDSEK
(Last Updated July 8, 2020)
Hello! This is the news page for USDSEK. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On USDSEK, there is currently a downtrend on the 90 and 14 day timeframes.
USDSEK Moving Averages
USDSEK’s moving averages suggest the trend on a number of time horizons is bearish.
Below is a chart showing USDSEK’s price with its moving averages.
As for assets in the Forex asset class USDSEK has been correlated to over the past week, it has been most correlated with EURJPY. If we zoom out to a two week basis, though, AUDUSD is the asset most correlated to USDSEK. Alternatively, the asset least correlated with USDSEK over the past week has been USDMXN, but over the past two weeks, the asset least correlated with USDSEK has been CADCHF. The chart below illustrates USDSEK against its least correlated assets.
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USD/SEK Down 209 Pips On 4 Hour Chart, 2 Day Up Streak Snapped; Nears 20 Day Moving Average
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
USD/SEK Down 520 Pips in Last 4 Hours, 2 Day Up Streak Broken; Eyes 20 Day Average
As always we will have to wait for a breakout and confirmation.
USD/SEK Down 156 Pips in Last 4 Hours, Came Into Today Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, usd/sek ranked 29th the previous day in terms of percentage price change.
USD/SEK Up 358 Pips Over Past 4 Hours, Moves Up For the 2nd Day In A Row; Price Base in Formation Over Past 30 Days
For additional context, note that price has gone up 9 out of the past 14 days.
USD/SEK Up 150 Pips in Last 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.
USD/SEK Up 31 Pips Over Past 4 Hours; Pin Bar Pattern Appearing on Chart
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.
USD/SEK Down 3 Pips Over Past 4 Hours, 2 Day Down Streak Broken; Doji and Pin Bar Patterns Appearing on Chart
The closest is the 20 day average, which is 481.6 pips away.
USD/SEK Up 56 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Doji and Pin Bar Patterns Appearing on Chart
Relative to other instruments in the forex asset class, usd/sek ranked 21st the day prior in terms of percentage price change.
USD/SEK Down 295 Pips in Last 4 Hours, Came Into Today Up For the 4th Day In A Row; in an Uptrend Over Past 30 Days
The closest is the 20 day average, which is 1284.5 pips away.