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SWEDISH KRONA / U.S. DOLLAR

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SEKUSD trade ideas

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
USD/SEK CARRY TRADE LONGThe Strong dollar vs the weak Swedish Krona was among the strongest carry trades during 2018 and let me give you guys some hints. The Swedish Central bank has their hands bound - promised 2% rate increase until 2021 Housing market overbought is overbought at 189% which means per default the banks will sell the property at 100% at default and customer sticks with the 89% Swedish Krona is at negative interest rate meaning that we against the dollar are looking at some major punishments still for the Krona.
Long
by UnknownUnicorn4464612