USDSEK!A bearish corrective pattern in the form of an expanding flat. This is a sign of more selling to follow. Trade with care use a stop loss. Shortby miche254Updated 0
USD/SEK 14/07/2022 Weekly: - Bullish - Bullish Indicational Candle Daily: - Bullish M 4h: - Inverse Head and Shoulders with BOS Longby Moon-InvestUpdated 1
USDSEK BearishRetracement [Hourl] after test of historical highsShorter-term trade with high Return to Risk ratio. Exploits tendency for market to test historical highs/lowsShortby andrew_e110
USDSEK BearishRetracement [Daily] after test of historical highsLonger-term bearish retracement trade after bullish parabolic fan trend lines. Requires confirmation of failure of support of historical highs with short entry below March 2020 high.Shortby andrew_e0
USDSEK Still bullish long-termThe USDSEK pair had an excellent technical bounce on the 1D MA50 (blue trend-line) following our previous analysis: As you see that was our 1st suggested buy entry, so if you took the trade you can book (partial) profits and enter on the next pull-back near the diverging Higher Lows trend-line. The long-term entry is now located on the 1D MA200 (orange trend-line). We expect the pair to test the 10.4850 COVID High by the end of August. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------Longby TradingShot3310
USDSEK: Bullish TrendUSD strengthening against SEK on hourly chart based on Dow Theory.Longby sanjaybhagia0
USDSEK Fails To Hold Above 10.1861We have two key price action markers on the daily timeframe. 1. Price makes an attempt to trade above previous highs and it does. However, price failed to hold above and close. 2. The subsequent candle is an indication that momentum to the downside is accelerating. With the DXY looking bearish, this is a good sign that we can expect further downside.Shortby FinancialGamblRUpdated 221
USDSEK!We dont like the structure, but there is a probability its a rising wedge. A reversal move that can lead to impulsive reversals. Trade with care use a stop loss. Shortby miche2540
Why the U.S. dollar is strengtheningYellow= Support or Resistance Green= Positive trendlines Blue= Strong and trend effecting S/R The analysis concern USD bound to SEK, however its a great general directional indication to USD weighing against all other. The Analysis is about the current positive trend. Due to its already developed for some time its not in its beginning, therefore its not an obvious buy, so im neutral and HOLD at the moment, passing the orange line would say SELL, enter short, EXIT LONG. Otherwise we are currently at green trendline bottom and if passing many yellow lines (current resistances) we aim next to rebounded up until upper green trendline resistance. Like & Share if this was worth anything, only then ill hare more ideas.by daujones110
USDSEK!It looks like a bearish sideways move and it could be a reversal setup. Wait for the drop before any entries. Trade with care use a stop loss. Shortby miche2540
USDSEK BUY IDEA FX FTM H4Following on from todays analysis we see price action pushing through resistance and a long has been taken at 9.89522 level. Watch out for HIGH IMPACT GDP figures in the US this afternoon.Longby TradeUniTraders0
USDSEK Holds Resisted Below 10.07110The recent price action indicates that USDSEK is holding resisted above a key daily level at 10.07110. Price made this high on March 7th of this year. On May 12th, price tried to trade above this level. However, it did not hold. I'm currently eyeing the downside potential on this pair. Shortby FinancialGamblR1
USDSEK Best levels to buy.The USDSEK pair has turned parabolic in these past 12 months and is now supported by a diverging Higher Lows trend-line. The ultimate target is the 10.4850 High of the March 2020 COVID pump, but as the 1D RSI is hitting Lower High Resistances, it is best to wait and buy lower upon a pull-back. Best levels to do so are within the 1D MA50 (blue trend-line) and the Diverging Higher Lows and if that fails, then on the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------by TradingShot227
Short USDSEK into FED FOMC meetingi think FED will be dovish and i take a risk to short USD here. also Bond Yields Differentials would be a help to some extent .by aliasgarit0
USDSEK SELLThe fifth wave is over, start shorting, the beginning of the second sub-wave of the fifth wave of the first target.Shortby turboley2
The selling opportunity is about to take place stay tune.The support zone or high of the day already pushed the market price down. The bigger trend is upward trend and in this trend the head n shoulder pattern maybe form that little bit confirming our sell opportunity. The bigger upward trend is forming the pattern which rising wedge that gives us the hope to our selling opportunity and lastly our last phase in the small upward trend is correction phase then bear flag pattern in that correction confirmed.......anyway leave a comment if you agree or disagree we all know that market our enemy so this is battle anything can happen.Shortby Tourbani0
USDSEK PumpsUSDSEK pumping from demand - Targeting supply zone as marked. Nice H&S pattern to go along with it too. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!Longby nick2497112
USDSEK 20/04/2022Monthly: inv h&s W formation Weekly: h&s Daily: h&s We had clear corrective bullish momentum, i'm expecting to reach the BOC 4H: Bearish W Shortby juliandelplancq0
Is the krona a new safe-haven currency?The Swedish krona is among the major currencies that are susceptible to the latest developments in East Europe alongside the Euro, and both have been a basis for market sentiment surrounding the conflict on markets and economies. On March 7, as the third round of peace talks capped off without any breakthroughs and as energy prices surged to a 14-year high, the SEK fell to its lowest in nearly two years at almost 10 SEK per USD. Dovish Riksbank The Swedish central bank’s (Riksbank) recent dovish stance also weighs on the SEK. At its February monetary policy meeting, Riksbank kept interest rates at 0% and maintained the volume of its asset purchases unchanged. The decision dealt a further blow to the SEK, knocking its value by 2% shortly after the rate decision. However, the pressure is growing on Riksbank Governor Stefan Ingves to hike rates as the central bank acknowledged the rising inflation rate as a result of higher energy prices. Central bank peer pressure Still, the central bank does not expect energy prices to continue to rise this year, it said in its most recent policy report, adding that inflation will likely fall back. The central bank now expects a tightening of its policy in the second half of 2024, earlier than its previous forecast issued in November, amid peer pressure as the Bank of England recently hiked rates again to back to pre-pandemic levels, while the US Federal Reserve penciled in rate hikes at each of its remaining policy meetings this year. Riksbank expects to raise its repurchase rate — or the interest it charges to commercial banks for short-term borrowings — to 0.06% in the first quarter of 2024 and to 0.31% by the first quarter of 2025. Weakening SEK In its February policy report, Riksbank acknowledged that the SEK is losing its value from its November 2021 levels based on the krona index. The central bank attributed the weakening of the krona to the rising turbulence on the financial markets. "Variations in the Swedish krona exchange rate usually coincide with changes in risk appetite on the financial markets. In the coming years, the krona exchange rate is expected to slowly strengthen,” the central bank said. Even before the COVID-19 pandemic, between 2013 and 2020, the SEK depreciated sharply due to lower interest rates and Riksbank’s quantitative easing. In an earlier report, the Riksbank said the depreciation of the SEK during the said seven-year period "is a puzzling phenomenon for an advanced economy” as the krona kept depreciating even when the interest differential stabilized. Growing use as a reserve currency Although Sweden’s economy is fairly smaller than its neighboring European countries including Germany, the UK, France and Italy, the Swedish krona has been classified as a safe haven currency for many foreign exchange watchers. The IMF sees the SEK as the sixth non-traditional reserve currency globally next to the Australian and Canadian dollars, the Chinese renminbi, the Swiss franc, and the Korean won. The SEK is becoming increasingly viable as a reserve currency as the US dollar’s dominance has been steadily declining over the past two decades as central banks turn to non-traditional currencies, according to a recent report by the International Monetary Fund. The share of the US dollar in official reserve assets has decreased over the past two decades, which the IMF attributed to the increased share of non-traditional reserve currencies like the SEK, it said.by BlackBull_Markets2
USDSEK Long ScalpUSDSEK Long Scalp, 100x leverage. SL is liquidation. TPs on the chart.Longby loxxUpdated 0