USD/SEK Up 48 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

USD/SEK 4 Hour Price Update

Updated July 27, 2020 09:11 PM GMT (05:11 PM EST)

The back and forth price flow continues for USD/SEK, which started the current 4 hour candle off at 8.7453, up 48 pips 0.05% from the previous 4 hours. Compared to its peers in the Forex, USD/SEK gave its buyers a return that ranked 14th in terms of percentage change since the previous 4 hours.

USD/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for USD/SEK, which started today off at 8.8374, up 45 pips 0.05% from the day prior. Out of the 40 instruments in the Forex asset class, USD/SEK ended up ranking 13th for the day in terms of price change. Here is a price chart of USD/SEK.

USD/SEK

USD/SEK Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days USD/SEK’s price has gone down 16 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.