USD/SEK 4 Hour Price Update
Updated June 18, 2020 09:09 AM GMT (05:09 AM EST)
The back and forth price flow continues for USD/SEK, which started the current 4 hour candle off at 9.3418, up 166 pips 0.18% from the last 4 hour candle. Relative to other instruments in the Forex asset class, USD/SEK ranked 2nd 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 entered today at 9.3287, up 104 pips (0.11%) from the day prior. Compared to its peers in the Forex, USD/SEK gave its buyers a return that ranked 12th in terms of percentage change since the day prior. Let’s take a look at price chart of USD/SEK.
USD/SEK Technical Analysis
Notably, USD/SEK crossed above its 20 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 20 day average, which is 189 pips away. Volatility for USD/SEK has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 and 90 day timeframes. Or to simplify this another way, note that out of the past 10 days USD/SEK’s price has gone up 5 them. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.