USD/SEK 1H Chart: Rate pressured by SMAsThe US Dollar has been appreciating against the Swedish Krona in an ascending channel since late August. After failing to reach its upper boundary on November 21, the Greenback initiated a new wave down. Meanwhile, the lower boundary of the senior channel was tested for two consecutive sessions. The rate, however, managed to edge slightly higher until the weekly PP at 8.3538 was reached. Currently, the pair is located between the 55-, 100– and 200-hour SMAs. The pressure from both barriers might force it to move sideways. Its subsequent movement, however, is expected to be south and past the bottom boundary of the senior channel. In case this scenario occurs, this might mark a period of depreciation for the pair until some weekly or monthly pivot points halt this bearish momentum (both types of pivot points are to change at the end of this week, thus a specific downside target cannot be set). Shortby UnknownUnicorn8906901
USDSEK ShortRetest of support turned resistance 38.2% retracement ABCD Completion at 1.272 / 4H supportShortby UnknownUnicorn10666620
Long then Short long term USDSEK observedHello Traders, Long then Short USDSEK, adjust point B of last abc accordingly (50-61.8)% +- I will be honored for your reflections. Thank you.Longby yikboyx4
Weekly Forecast Dollar/KronaThis is one of the few forecasts I've been getting wrong over the last couple of charts. It has been moving counter to DXY so clearly the Krona has been getting weaker faster than the Dollar. It still looks short to me but I'll not be trading it because it will clearly not produce the biggest move down. So my forecast is short but don't trade it until the dollar is moving in the opposite direction. I'll update my ideas as they develop First rule of trading - Protect your capital Anyone trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link. You can also follow updates via twitter (link from my TV profile) Always wait for an entry set up before risking your money. This is not investment advice - it is purely for educational and discussion purposes. Your Ideas, comments and questions welcome Good luck Steve Nixon - logicfxtradingby SteveNixonUpdated 1114
USDSEK(4hr chart). At trendline resistance, EW5, 2618 possible.USDSEK(4hr chart). At trendline resistance, EW5, 2618 possible.Shortby JohnSp1
Looks bearish doesn't it? Not sure yet. This pair looks like hit resistance and will try to retract. Possible to 8.10 USDSEKShortby Marto_Jekko0
USDSEK - FOLLOWING THE DOLLARIVE DECIDED TO POST FREE TRADE SIGNALS FOR A WEEK. YOUR WELCOME. THE FOLLOWING IS WHERE THE TRADE WILL TAKE PLACE FOR THE SELL HEADING TO WAVE 5!!! USDSEK SELL STOP ENTRY - 8.37 SL 8.46200 TP 8.04 TP 7.88 TP 7.65Shortby Team_MonteCarlo2
Short Trade coming soonEverything about this pair looks short. Wait for the break of the trend line and entry set up before opening any trade as this could still push a little higher. There is no long trade set up so don't be trying to trade it long. Be patient the short trade is coming soon. I'll update my ideas as they develop First rule of trading - Protect you capital Any one trying to learn Elliott Wave Theory can find a FREE comprehensive Building Blocks video course on my website. See my profile for the link. You can also follow updates via twitter (link from my TV profile) Always wait for an entry set up before risking your money. This is not investment advice - it is purely for educational and discussion purposes. Your Ideas, comments and questions welcome Good luck Steve Nixon Shortby SteveNixonUpdated 228
USD/SEK 1H Chart: Breached long-term patternFollowing an eight-month period of depreciation in a descending channel, the US Dollar began a new up-wave late in August. This bullish sentiment proved to be stronger, thus setting the pair for a breakout of this long-term pattern. Currently, two channels up are dominating the market. The Greenback has been testing a three-month high of 8.4050 for several trading sessions. Its failure to move above this line suggests that the pair might be ready to form a retracement from the aforementioned long-term channel. However, the rate being pressured by the 55– and 100-hour SMAs might hinder any immediate movement south. As a result, it could continue its consolidation phase in this session prior to edging lower next week. by UnknownUnicorn8906902
Comprar EURSEK: Rompimento de OCO invertido na linha de suporte.Operação de compra após a confirmação do suporte e rompimento de H&S invertido, que indicam movimento de alta em direção à resistência em 8,772. Estou posicionado em 8,196Longby Marcos2cbUpdated 3