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SWEDISH KRONA / U.S. DOLLAR

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SEKUSD trade ideas

USDSEK Head and Shoulders giving an end-of-year sell.We haven't looked at the USDSEK pair in exactly 1 year but it was that Higher Higher rejection (see chart below) that gave us the best sell opportunity since COVID: On the 1D time-frame an Ascending Triangle has emerged since and the price has been rejected on the latest September 21 Higher High. We can see the emergence of a Head and Shoulders pattern that is supported on Higher Lows. Similar Higher Lows structures have been formed on long-term peaks, you can even see the resemblance on the 1D MACD sequences. As a result, if the market closes a 1D candle below the 1D MA50 (blue trend-line), we will see and target a potential contact with the 1W MA100 (red trend-line) at 10.4500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Key day reversal on USD/SEKWe've observed a bearish key day reversal on the daily USD/SEK chart. This pattern typically forms when the market reaches both a new high and a new low compared to the previous day's trading range and closes below the previous day's low. It's crucial to note that there should be a previous upward movement in the market for this pattern to be significant. In addition to this, we've noticed a weakening of upward momentum, as indicated by the divergence in the daily Relative Strength Index (RSI). All these factors suggest a significant loss of upward momentum in anticipation of the Federal Reserve's announcement tomorrow. If you are currently invested in this market, it might be wise to consider tightening your stops!
Short
by The_STA
USDSEK Failed Break Down. Return of the dollar? So, have you been keeping an eye on the USD/SEK pair lately? It's been pretty interesting to watch. Even though the FOMC meeting had an impact on the pair, it didn't completely break down. In fact, there's a buy signal on the daily Stochastic, which suggests that the pair could be turning bullish. What's even more exciting is that the USD/SEK pair is currently trading above the trendline that began on January 23. This is a good sign for those who are bullish on the pair. So, what does all this mean? Well, it looks like the USD might be making a comeback against the SEK. It might be a good idea to take a long position in the pair, with a stop-loss set below the trendline for protection. Of course, as with any trade, it's important to keep an eye on the market and adjust your position accordingly. But overall, it looks like there could be some potential for profit here.
Long
by GreenBkk
How to close out the Trading week 1,000 Pips Caught (USD/SEK)This week New was the beginning of the great volume I've missed seeing in a while trading USDSEK in 2023 Currency markets. The last three trading days have been Short trades during London session and U.S. session conversion which led to three consecutive trading days shorting during this time. Instock traders :Jrow in this scenario have put himself in great positions this week trading successfully. Trader IG: Jrowbee Trading Co. IG: INSTOCK247365
Short
by Instock247365