USD/SEK Down 256 Pips Over Past 4 Hours, Fares the Worst Out of Forex; Nears 200 Day Moving Average

USD/SEK 4 Hour Price Update

Updated May 25, 2020 01:08 PM GMT (09:08 AM EST)

The back and forth price flow continues for USD/SEK, which started the current 4 hour candle off at 9.6647, down 256 pips 0.26% from the last 4 hour candle. Relative to other instruments in the Forex asset class, USD/SEK ranked 36th the last 4 hour candle in terms of percentage price change.

USD/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/SEK entered today at 9.65662, down 197 pips (0.2%) from the day prior. Those trading within the Forex asset class should know that USD/SEK was the worst performer in the class. Below is a price chart of USD/SEK.

USD/SEK Technical Analysis

Notably, USD/SEK is now close to its 20, 50, 100 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 200 day average, which is 350 pips away. 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. Or to simplify this another way, note that out of the past 14 days USD/SEK’s price has gone up 7 them. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!