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USDSEK

USDSEK SWING TRADE SELL IDEAThis is an idea and not a signal to sell. It is for educational and demonstration purposes only. If you enter, you trade at your own risk. Always do your own analysis to confirm you agree with any idea before trading. With that being said, Price reached top of ascending channel and had bearish momentum. Looking for a pullback to the trendline and continuation of sell to a key zone in the market, which is the 50% or 61.8% fib level from swing low to swing high. The trade from the pullback to the trendline is a possible 575 pips after pullback. Trade at your own risk.
Short
by mrsceleste
USD/SEK approaching major confluence of liquidityThe US dollar has initially tried to rally during the trading session on Tuesday but then turned around to fall towards the 9.25 SEK level. This is an area that has been important more than once as you can see in the past, but there are also a major confluence of indicators in this general vicinity as well. The market looks very supported in this area, but we are crashing into it, which makes quite a bit of sense when you think about the Federal Reserve stepping away from its hawkish monetary stance. Beyond that, we could have more of a “risk on” move as well, which would also break this market down. After all, the Swedish krona is considered to be a currency that is highly influenced by technology. The market is testing the 50% Fibonacci retracement level, which of course attract a lot of attention as well. Quite frankly, the 200 day EMA sitting just below also adds a lot of support. That being said, there is a simple way to approach this market, the one that I will be using to go forward. I will use the close on Tuesday as a barometer as to which direction we should be trading. If we can break above the highs of the trading session, that would show a significant break higher based upon the fact that we have already repudiated buying. A break above there opens the door to the 9.35 SEK level, possibly even the 9.45 SEK level. On the other hand, if we break down below the bottom of the candle stick, it opens up the door to the 61.8% Fibonacci retracement level down at the 9.15 SEK. While the market looks very negative, we do have quite a bit of support. That being said though, things certainly look bad for the greenback in general so any bounced will probably be somewhat short-lived.
by Forex4you
Failed socialist country going to ZERONot going to enter into details about Sweden. Sweden central bank "Uh we have no idea why our currency is falling and why our economy is falling behind" duuuuh! Am already shorting it via EURSEK & added a bit with USDSEK, have a limit order at that green level. If I am in the green on EURSEK & add on USDSEK as it goes does can I call this adding to my winner? Stop loss is tight. If this EURSEK is THE double bottom before the rally (and USDSEK bottoms at the same time) this can fly up to the moon.
by MrRenev
1
"Top and Bottom Analysis" USD/SEK by ThinkingAntsOk4H CHART EXPLANATION: In 4H chart we can observe that price has broke the Ascending Trendline and the previous support zone, making a pullback on it. It has potential to continue the downside movement towards the Support Zone at 9.4700 and if it is broken, then to the bottom of the Ascending Channel Updates coming soon! MULTI TIMEFRAME VISION: Daily: Weekly: *Please note that the above perspective is our view on the market, we do not provide signals and take no responsibility for your trades.
Short
by ThinkingAntsOk
USDSEK Still Rises Towards 10.0000Last post: May 3rd 2018. See chart . Review: Price broke above the previous all-time high. Update: Price has remained above this level and heads towards the 10.0000 round number. Conclusion: As price approaches the major round number we will need to wait and see how price will react once it gets there. If it breaks through then we should see more strength to the upside. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
USD/SEK 5th wave bullish in the short-term,sentiment swifts 20201. 10 flat rate might be psychological resistance 2. 2 Possible bullish targets at the 1.272 and 1.62 * Wave 1. 2. Things are heating up in the States, we will see how long it will last. 3. Global growth rate slowdown (particularly the EU(Italy, Spain, France) Turkey, China, Canada, Australia) will catch up onto the States in the near term. There's a good chance that the new tariffs will stay in place. =>2007-09 Pattern should reoccur, as USD usually corrects very hard during recessions, as Swedish GDP is quite stable, ironically because of the good safety net and unemployment spending. The US can't even borrow soo much money anymore and the deficit is rising.
Short
by step_ahead_ofthemarket
US dollar still bullish against the Swedish kronaThe US dollar initially rallied during the trading session on Friday as we got the jobs number, but has pulled back a bit against the Swedish krona, which is a simple function of the fact that perhaps we are a little bit overbought, but ultimately there is significant support just below. Quite frankly, this could end up being a nice buying opportunity for those who are willing to take the chance. The 9.45 level was shown as supported previously and that should extend to the 9.5 level. Because of this, we have a nice range from which to start buying after a negative candle stick for the Friday session. If that ends up being the case, it’s likely that this pullback will be yet another buying opportunity. The market has recently formed a little bit of a bullish flag, and it measures for a move towards the 9.8 level, perhaps even the 10.0 level over the longer-term. The pair does tend to focus on risk appetite, with the Swedish krona being a proxy for risk. As the US dollar has strengthened against most currencies around the world lately, it makes sense that it translates to a higher market here. It is not until we break down below the 9.45 SEK level that I would be concerned about the uptrend. You can see that the 20, 50, and finally the 200 day EMA are all moving in the same direction, showing that we are in fact a very bullish market. I would anticipate a lot of trouble at the 10.0 SEK level, mainly because it is such a psychologically important figure. Beyond that, there is nothing special about the handle but a lot of people use these big figures to get out of a market.
Long
by Forex4you
USDSEK Trading Above the ATHLast post: May 31st 2018. See chart . Review: Price was struggling to break through the round number 9.0000. Update: The bulls are firmly in control. Price is now trading above the ATH and showing signs of strength towards 10.0000. Conclusion: Standing aside until a clear trend direction has been confirmed above the ATH. Patience for now. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
USD/SEK The fall of the Utopia of SwedenIts time to strike out the greedy 25 Leverage Whales on the super fundamental chart. The USDSEK will slightly pass the sell zone in order to make it hurt for the bulls until the Swedish central bank increases rents in June. Promises by Swedish Central bank 2% Rate increase until 2021 but i doubt that will ever happen due to the housing market being over loaned. A rent increase would significantly increase the chance of the bubble popping as the Swedish salaries has been at a standstill for the last years due to democrats increasing taxes even though the numbers showing positive in increase. I see us forced to move up and the OMX30 alongside the Descent of the Krona in minus correlation.
Long
by UnknownUnicorn4464612
2