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USDSEK

USD/SEK will breakout from a major resistance lineThe pair will breakout from a major resistance line, sending the pair higher to retest its previous high. The new Minister for Information Technology of Sweden, Anders Ygeman, stressed his worries about the dominance of Huawei in Europe. The Chinese technology giant has been leading the 5G rollout and the US has no alternative for it. On May 2019, US President Donald Trump accused Huawei of spying for the Chinese Communist Party (CCP). He called his allies to ban the company but only Australia commits to it. Finland’s Nokia and Sweden’s Ericson haven’t received any backing from the US either. Despite this, Sweden is still reliant to the US defense. In a recent Survey, Sweden ranks second among the 29 members of the US-led NATO (North Atlantic Treaty Organization) alliance. 63% of Sweden see the alliance positively, while Poland who takes the top spot at 82% was the most satisfied among the NATO members.
Long
by Financebroker
USD/SEK will reverse back in the following daysThe pair will reverse back in the following days after being whipsawed, sending the pair lower toward its previous low. Sweden leaves the negative territory of interest rate in the last month of 2019. This has fueled the Swedish Krona against the US dollar. However, the greenback managed to fight the krona following the signing of the US-China trade deal. Despite this, investors are worried about the future of the US dollar as impeachment in the House of Senate begins. Under the Trump Administration, US indices hit record levels and unemployment reached 50-years low. Another concern from investors was the diminishing leadership of America in the global arena. As Europe introduces a greener economy, the US is moving away and pumping oil as much as possible. America even reached records of daily oil production as demand for the black gold continues to surge. A street in Stockholm became the first location in Sweden to ban old diesel cars.
by Financebroker
USDSEK - Building bullish strengthUSDSEK (1H) - short term bullish bias The US dollar has regained strength overnight and is aiming for the previous high. Last week's rally had shown signs of exhaustion with the RSI indicator forming a double top in the over-bought area. Yesterday's pullback was a temporary pause to let buyers catch their breath. The demand zone of 9.4900 revealed strong buying pressure and was enough to contain the retracement. The uptrend is still intact and we would expect the pair to challenge the major resistance of 9.5380. A breakout could extend the rally towards 9.5500. Key support: 9.5080 Key resistance: 9.5380
Long
by INFINOX_Capital
USDSEK - Upbeat sentimentUSDSEK (1H) - short term bullish bias The US dollar maintains its way up across the board ahead of today's jobs report. After bouncing off the psychological support level of 9.3000, the greenback has been climbing higher and breaking through resistance. Sentiment remains upbeat as the moving averages and the trend line provide a strong incentive to go with the uptrend. Volatility from the non-farm payrolls may test buyers' commitment as the RSI is pointing to an over-extension. But as long as the support lines stay in place, we would expect an extended rally. Key support: 9.4700 Key resistance: 9.5400
Long
by INFINOX_Capital
USDSEK: Pressure by the MA50. Buy opportunity lower.USDSEK had a strong enough rebound on the July 19, 2019 Support, managing to turn 1D bullish again (RSI = 55.827, ADX = 26.453, Highs/Lows = 0.0481) since November. We are expecting this bounce to accumulate more buyers in the process aiming at the 9.7000 Symmetrical Resistance. Conservative traders may enter a little lower as a pull back is very much possible if the 1D MA50 (blue line) holds. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
USDSEK potential reversal! USDSEK expected to rise up to 1st resistance at 9.49144 where it could potentially react off and drop down to 1st support at 9.32237. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone