SEKUSD trade ideas
USDSEK approaching resistance, look out for potential reversal!
USDSEK is approaching its resistance at 9.73694 where it is could reverse down to its support at 9.51661.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDSEK Buy SignalPattern: Channel Up on 1M.
Signal: Bullish as the price is near the Higher High zone. Also every time the price broke below the 1D MA50, it always stayed supported above the previous low, which delivered a rebound to a new Higher High.
Target: 10.04400 (+0.73% from last Higher High) and 10.20000 in extension (+8.00% as per the increase that the last bounce on a Double Bottom delivered).
* See how well this pattern worked last time:
USDSEK approaching resistance, look out for potential reversal!
USDSEK is approaching its resistance at 9.65496 where it is could reverse down to its support at 9.51661.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDSEK approaching support, potential for a bounce!
USDSEK is expected to drop to 1st support at 9.51551 where it could potentially react off and up to 1st resistance at 9.73694.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDSEK approaching support, potential for a bounce!
USDSEK is expected to drop to 1st support at 9.51557 where it could potentially react off and up to 1st resistance at 9.63308.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Short USDSEKWe look at USDSEK, This pair has been on an unending uptrend since last year February 2018, however we believe that the bulls are now tired and the bears are gaining momentum. We have given out four TP levels the reason for that is, this is a long term trade it can take weeks to months to get to the last take profit. One should practice patience with this trade but in the end it will be beautiful!