USD/SEK Down 123 Pips On 4 Hour Chart, Entered Today Up For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

USD/SEK 4 Hour Price Update

Updated July 24, 2020 01:10 PM GMT (09:10 AM 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 8.8526, down 123 pips (0.14%) since the previous 4 hours. Out of the 37 instruments in the Forex asset class, USD/SEK ended up ranking 31st for the four-hour candle in terms of 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. Relative to other instruments in the Forex asset class, USD/SEK ranked 15th the day prior in terms of percentage price change. The price chart of USD/SEK below illustrates.

USD/SEK Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!