USD/SEK Up 341 Pips Over Past 4 Hours, Moves Down For the 3rd Day In A Row; in a Downtrend Over Past 14 Days

USD/SEK 4 Hour Price Update

Updated July 22, 2020 09:21 AM GMT (05:21 AM EST)

After 6 down four-hour candles, USD/SEK snaps its streak, rising 341 pips (0.38%) over the past four-hour candle to close at an exchange rate of 8.8988. Out of the 37 instruments in the Forex asset class, USD/SEK ended up ranking 5th 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 down 44 pips (0.05%) since the day prior (opening today near 8.86728), marking the 3rd day in a row a decrease has occurred. Out of the 40 instruments in the Forex asset class, USD/SEK ended up ranking 34th for the day in terms of price change. Below is a price chart of USD/SEK.

USD/SEK Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 15 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDSEK; just 0 sell signals and 1 buy signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

I was waiting for that zone but do not forget risk management