USD/SEK Down 146 Pips On 4 Hour Chart, Entered Today Up For the 2nd Day In A Row; in a Downtrend Over Past 90 Days

USD/SEK 4 Hour Price Update

Updated July 24, 2020 09:10 PM GMT (05:10 PM EST)

The choppiness in the recent four-hour candle price action of USD/SEK continues; to start the current 4 hour candle, it came in at a price of 8.8421, down 146 pips (0.16%) since the last 4 hour candle. Relative to other instruments in the Forex asset class, USD/SEK ranked 34th 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 is up 26 pips (0.03%) since the day prior (opening today near 8.85696), marking the 2nd day in a row it has gone up. Out of the 40 instruments in the Forex asset class, USD/SEK ended up ranking 15th for the day in terms of price change. Let’s take a look at 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 up 15 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.