Short USDSEK @ 9.5245; TP @ 9.334, SL your choice
After a strong down-move following the dovish FOMC meeting yesterday, USD/SEK seems recovering at an important demand zone. The pair is trading inside a rising channel and has reached near the lower channel support, which aligns with a horizontal support and the 61.8% Fib level. Today's candle could provide the needed confirmation to enter with a long. Like...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
Price has tested the downwards channel multiple times then broke to the upside where it has hit our price zone. price should reverse targets are... TP 1 - 9.27954 TP 2 - 9.21655 TP 3 - 9.13943 SL - 9.34018 have a great day guys, please use correct risk management
The pair has completed a Higher Low placement within the 1D Channel Up (RSI = 53.586, Highs/Lows = 0.0000). The Higher High process will follow next, so the trade is long with TP = 9.2500.
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
as you can se we have weekly and daily patterns and divergence so for those with big accounts you can hold a short position. but for smaller accounts i will post a lower timeframe projection for you
Upside risks prevailed in the market, thus sending the US Dollar 4.25% higher against the Swedish Krona. Half of these gains have erased since beginning of October, as the pair returned near 8.9000. As apparent on the chart, the currency pair is trading in a short-term ascending channel. Given that the rate is supported by the 55-, 100– and 200-hour SMAs, it is...
The US Dollar has been depreciating against the Swedish Krona in a short-term descending channel since the middle of August. This gradual decrease in price began when the rate reversed from the upper boundary of a medium-term ascending channel at 9.2290. The pair reversed from the lower boundary of the junior channel during Thursday's morning hours. The common...
USDSEK is trading within a long term 1W Channel Up (RSI = 67.172, MACD = 0.190, Highs/Lows = 0.1401, B/BP = 0.3894), which has just tested the first Support at 9.03686. If it doesn't continue higher from here then the Higher Low will be made at the lower Support on 8.93186. Both are technical long entries with TP = 9.35123.
Upside risks prevailed in the market at the beginning of July, thus sending the US Dollar 3.10% higher against the Swedish Krona. Half of these gains were erased during the previous trading week, as the pair had returned near the 8.80 mark at the time of this analysis. The Greenback has already fallen below the 100– and 200-period (4H) SMAs. If the 55-day one...
USDSEK continues to trade inside a long term 1D Rectangle (ADX = 15.631, Ultimate Oscillator = 49.902) and we can continue working within the yellow rays on a medium term scalping approach. For now we are shorting, TP = 8.64012.
USDSEK is trading near the 1D Rectangle's Resistance. It may rise to 8.97077 but eventually should test the 8.56621 support if the 8.98828 resistance stays intact. We are taking a short action: TP = 8.64012.
The US Dollar has been stranded in the 8.5675/8.9835 range since late April. Its southern boundary and the senior channel were tested mid-June. This move was followed by the Greenback initiating a new up-wave and reaching the 161.80% Fibonacci expansion line at 8.95 yesterday. Given that the pair has reached the upper range boundary, it is likely that bears...
USD/SEK has been guided by two opposing channels. The most senior pattern was formed in December 2016, while the junior one has bounded the rate within the bounds of this aforementioned senior channel. The most recent up-wave started late in January when the Greenback reversed from the 7.80 mark. The pair tested the upper boundary of the senior channel near...
An eventual close of USD-SEK below the dotted line will give a bearish signal with the first target in the area 8.49.
Strong upside potential has been guiding USD/SEK since mid-April. The pair had breached a long-term channel down earlier in the month prior to gaining the necessary momentum to reach the 8.87 mark—the rate’s highest position since July, 2017. Along the way, the pair breached a three-month ascending channel near 8.75 that should point to further appreciation....