USD/SEK Down 58 Pips Over Past 4 Hours, Came Into Today Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days

USD/SEK 4 Hour Price Update

Updated July 29, 2020 01:17 AM GMT (09:17 PM EST)

The back and forth price flow continues for USD/SEK, which started the current 4 hour candle off at 8.7741, down 58 pips 0.07% from the last 4 hour candle. Compared to its peers in the Forex, USD/SEK gave its buyers a return that ranked 30th in terms of percentage change since the last 4 hour candle.

USD/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/SEK is up 141 pips (0.16%) since the day prior (opening today near 8.77507), marking the 2nd day in a row an upward move has occurred. Out of the 40 instruments in the Forex asset class, USD/SEK ended up ranking 4th for the day in terms of price change. The price chart of USD/SEK below illustrates.

USD/SEK

USD/SEK Technical Analysis

Coming into today the current price of USD/SEK is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 5 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much commentary on USDSEK that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Break then I am in on a re test