USD/SEK Up 142 Pips in Last 4 Hours, Entered Today Up For the 4th Consecutive Day; in a Downtrend Over Past 30 Days

USD/SEK 4 Hour Price Update

Updated August 25, 2020 05:07 PM GMT (01:07 PM EST)

USD/SEK is up 142 pips (0.16%) since the previous 4 hours (opening the current 4 hour candle near 8.7735), marking the 2nd straight candle it has gone up. Compared to its peers in the Forex, USD/SEK gave its buyers a return that ranked 7th 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 5 pips (0.01%) since yesterday (opening today near 8.788), marking the 4th consecutive day an increase has occurred. Relative to other instruments in the Forex asset class, USD/SEK ranked 22nd yesterday in terms of percentage price change. The price chart of USD/SEK below illustrates.


USD/SEK Technical Analysis

Notably, USD/SEK is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Volatility for USD/SEK has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 5 out of the past 10 days.

Forex Frank is a forex analyst and market commentator with nearly two decades of experience in currency trading. Follow him on social media: Facebook | Twitter | Instagram