The US Dollar has been trading in an ascending channel against the Swedish Krona since the beginning of 2018. The pair has appreciated 7.44% since its 2018 low of 7.8233, thus breaching the senior channel on March 28. The Greenback continues to diminish its trading range and move in line with the wedge. The most recent test of its upper boundary occurred late on...
The historical price movement of USD/SEK demonstrates that the pair has a tendency to trade in neat channels. The past three weeks have not been an exception. This latest junior pattern was formed late in February when the US Dollar reversed from the upper boundary of a medium-term channel circa 8.32 and began edging lower. Even if this short-term pattern fails...
I take this trade not because dollar strong, but swedish krona weakness.. and I make correlation with EUR/SEK and GBP/SEK too...
Following a reversal from a seven-month high of 8.52 mid-December, the US Dollar has been moving in a channel down against the Swedish Krona. The upper boundary of this pattern was tested on February 9—a move which was followed by a slight period of depreciation. It seems that the pair is currently standing at the crossroads of two scenarios. On the bearish...
Following a breakout of a four-month ascending channel mid-December, the US Dollar started to weaken substantially against its Singapore counterpart. This bearish movement was bounded by two channel lines with several confirmations on each side. After failing to reach the bottom line on January 15, the Greenback started to trade in a junior channel down. Even...
USD/SEK was dominated by an ascending channel in force since late August. This long-term pattern was breached mid-December, thus following by a period of decline down to the 8.13 mark. This bearish momentum has allayed during the previous week; nevertheless, the pair still remains tended slightly southwards. The Greenback managed to breach the combined...
USD/SEK had been guided by a channel down valid since November, 2016. This long-term pattern was eventually breached to the upside two months ago when a junior channel proved to be stronger. The rate has since diminished its trading range in the given pattern, thus failing to reach its lower boundary on November 27. Meanwhile, a possible surge north has been...
LETS SEE WHAT THE WEEK BRINGS
The US Dollar has been appreciating against the Swedish Krona in an ascending channel since late August. After failing to reach its upper boundary on November 21, the Greenback initiated a new wave down. Meanwhile, the lower boundary of the senior channel was tested for two consecutive sessions. The rate, however, managed to edge slightly higher until the weekly...
Following an eight-month period of depreciation in a descending channel, the US Dollar began a new up-wave late in August. This bullish sentiment proved to be stronger, thus setting the pair for a breakout of this long-term pattern. Currently, two channels up are dominating the market. The Greenback has been testing a three-month high of 8.4050 for several...
Usd/sek is about to blow up. Currently long on both eur/sek and usd/sek.
USD/SEK is trading in two note-worthy patterns. The senior one is a descending channel which has confined the rate since late September. Meanwhile, the pair is also trading in an ascending wedge. The given pattern was breached late on Wednesday when the US Dollar pushed it through the lower wedge boundary circa 8.15. The rate has since traded lower, but has...
The New Zealand Dollar has depreciated slightly against the Japanese Yen during the past two weeks. This has resulted in the formation of a falling wedge. The given pattern was formed as a wave down in a senior ascending channel. The Kiwi has been hindering near the bottom wedge boundary for several hours. However, as there is still some downside potential until...
On the 4H charts, the USDSEK is at an interesting point. We can see that for the most of April, the pair has been in a clean and long uptrend and is now in oversold territory (the Fibonacci extension indicates a move well over 200%). Additionally, the pair has reached a previous swing high. This clearly acts as a resistance level, which the price hasn't been able...
USD have shown weakness across aboard this monday. Will usd maintain it's weakness also today? Have in mind that price can go above last pinbar tops. Probably we have lots of stop-loss orders there. For perfect entry I want to wait a price to shoot over those tops before shorting with tight stop-loss in mind. Use tight stop-loss because the uptrend have been...
Waiting for the breakout of the green upper trendline. A beautiful trade might be setting up. I am not going to buy as long as we are below 8.90, because further move lower is possible. I want a clear impulsive breakout of the golden zone, and then i will buy the correction with a stop at 8.80 targeting 9.20 and 9.30. Also keep an eye on USDNOK and USDPLN,...
Expecting the USD correction to be over soon, and will be looking to long this pair.
Cross is moving downwards in a well defined channel. Shorts at market with target at 8.88649