USD/SEK Up 34 Pips On 4 Hour Chart, Moves Up For the 3rd Day In A Row; Nears 20 Day Moving Average

USD/SEK 4 Hour Price Update

Updated May 12, 2020 12:58 AM GMT (08:58 PM EST)

The back and forth price flow continues for USD/SEK, which started the current 4 hour candle off at 9.8724, up 34 pips 0.03% from the last 4 hour candle. Relative to other instruments in the Forex asset class, USD/SEK ranked 12th 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 19 pips (0.02%) since the day prior (opening today near 9.8746), marking the 3rd day in a row it has gone up. Out of the 40 instruments in the Forex asset class, USD/SEK ended up ranking 19th for the day in terms of price change. Let’s take a look at price chart of USD/SEK.

USD/SEK Technical Analysis

Coming into today the current price of USD/SEK is sitting close to its 20, 50, 100 and 200 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 271.7 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. Or to simplify this another way, note that out of the past 10 days USD/SEK’s price has gone up 7 them. 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 commentary on USDSEK that we’re finding noteworthy here; as such, there’s not much we can say about sentiment. Here’s a piece we found on tradingview.com that we thought you might enjoy.