USD/SEK Down 329 Pips On 4 Hour Chart, 3 Day Down Streak Broken; Doji and Pin Bar Patterns Appearing on Chart

USD/SEK 4 Hour Price Update

Updated July 23, 2020 09:26 AM GMT (05:26 AM EST)

USD/SEK entered the current 4 hour candle at 8.8392, down 329 pips (0.37%) from the previous 4 hours. Compared to its peers in the Forex, USD/SEK gave its buyers a return that ranked 35th in terms of percentage change since the previous 4 hours.

USD/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 3 down days, USD/SEK snaps its streak, rising 266 pips (0.3%) over the past day to close at an exchange rate of 8.87123. Relative to other instruments in the Forex asset class, USD/SEK ranked 4th the day prior in terms of percentage price change. Let’s take a look at price chart of USD/SEK.

USD/SEK Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 15 out of the past 30 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.