USD/SEK Up 56 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Doji and Pin Bar Patterns Appearing on Chart

USD/SEK 4 Hour Price Update

Updated April 09, 2020 01:08 AM GMT (09:08 PM EST)

USD/SEK entered the current 4 hour candle at 10.0709, up 56 pips (0.06%) from the last 4 hour candle. Relative to other instruments in the Forex asset class, USD/SEK ranked 17th 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 78 pips (0.08%) since the day prior (opening today near 10.0725), marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, USD/SEK ranked 21st the day prior in terms of percentage price change. The price chart of USD/SEK below illustrates.

USD/SEK Technical Analysis

Notably, the current price of USD/SEK is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 319.6 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 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!