(Last Updated March 31, 2021 0:16 GMT)
At the time of this writing, USDSEK’s rate is down -45 pips (-0.05%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
USDSEK End of Day Recap
Updated 00:30 GMT (04:30 EST)
USDSEK entered today at 8.68758, up 432 pips (0.5%) from the day prior. Out of the 39 instruments in the Forex asset class, USDSEK ended up ranking 12th for the day in terms of price change. Here is a price chart of USDSEK.
USDSEK Technical Analysis
Notably, USDSEK crossed above its 200 day moving average yesterday. 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 342.3 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days USDSEK’s price has gone up 17 them.