USD/SEK 4 Hour Price Update
Updated June 22, 2020 01:12 PM GMT (09:12 AM EST)
After 3 down four-hour candles, USD/SEK snaps its streak, rising 141 pips (0.15%) over the past four-hour candle to close at an exchange rate of 9.4151. Compared to its peers in the Forex, USD/SEK gave its buyers a return that ranked 11th in terms of percentage change since the previous 4 hours.
USD/SEK End of Day Recap
Updated 00:30 GMT (04:30 EST)
USD/SEK is up 125 pips (0.13%) since yesterday (opening today near 9.46722), marking the 3rd day in a row it has gone up. Relative to other instruments in the Forex asset class, USD/SEK ranked 2nd yesterday in terms of percentage price change. Below is a price chart of USD/SEK.
USD/SEK Technical Analysis
The first thing we should note is that USD/SEK is now close to its 20, 50 and 200 day moving averages, which may act as price barrier for the asset. 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 50 day average, which is 1202.6 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 and 90 day timeframes, where price is headed down. Or to simplify this another way, note that out of the past 10 days USD/SEK’s price has gone up 6 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!