USDSEK trade ideas
Reversal set for last week’s worst performing pairs? USD/SEKBy the close of last week's trading session, the top 3 worst performing currency pairs came out to be the USD/PKR (-4.91%), NZD/USD (-2.61%), and USD/SEK (-2.04%).
To help determine the direction that these pairs will take this week, we will use the Hacolt Indicator (Vervoort Heiken-Ashi Longterm Candlestick Oscillator). Will the pairs continue to slide, or are they primed for a rebound in response to the huge selloffs?
The Hacolt Indicator helps to confirm the strength of trends. When the indicator presents green, the market is expected to trend upward, and when it is red, it is expected to trend downwards. It can also be used as a trend switch signal, suggesting a potential turnaround or a pullback on the current trend.
Starting with the USD/PKR, just like the USD/SEK, the Hacolt Indicator shows a green bullish signal. However, strong resistance at 240.00 created a double top formation on the daily timeframe, which resulted in last week’s downward move for the pair. The price may head towards 224.00 and even 217.50 if the Hacolt indicator gives a red bearish signal this week.
For the NZD/USD, the Hacolt Indicator, on the other hand, shows a red signal which indicates that the pair is still on a downtrend. The trading candle last Friday also ended closing below the 0.5626 support area, which may suggest that the price for this week for the NZD/USD would likely continue going down, potentially targeting the lows from March 2020 at 0.5469.
Lastly, the USD/SEK, and the Hacolt Indicator shows a green signal on the daily timeframe, possibly indicating that the uptrend is still in favor. This indication contrasts with the current downside move in the candles. If the Hacolt Indicator gives a bearish red signal this week, we might see the price retesting the 10.80 price level. A final target might be around the 10.45 support area. Overall, the trend is still bullish though, so look out for support formation in key psychological area around 11.00.
USD/SEK Short until new year at least1 hour short.
Maybe Im a little too early. But hey.
- USD might be over extended here.
- Seasonality
- Small heads and shoulder
Tight stop and see if it can break the smaller trend line and then carry on further down. The idea is that we will see some counter-trend move until new year.
Seasonally it can be a bit more risk on.
Intelligent Trading Academy - USDSEK FX FTM H4 BUYDollar bulls in charge can take this to new heights...............a long call is the way to go!
A short term traid on USD SEK. Head and Shoulder? I am long term bullish on USDSEK.
But might see a pullback soon with a head and shoulder forming + a trend line resistence.
USDSEK Pull-back in September but bullish long-termWe haven't updated the USDSEK pair for over 2 months and on the long-term it still looks bullish. This chart is on the 1D time-frame, where the price reached again the 2.5 Fibonacci extension as on the July 12 High. With the 1D RSI hitting the Lower Highs trend-line twice, which is the level where all price Highs have been made since November 24 2021, it is very probable that this is the new High of the current bullish sequence.
All Highs then pulled back to at least the 1D MA50 (blue trend-line), with the Buy Zone since November 10 2021 being within the MA50 and the 1D MA100 (green trend-line). The 1D RSI has again a Zone indicating where we can buy the pair after the pull-back is completed.
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USDSEK Bullish flag break out? The USDSEK has been in a bit of a tight range lately, but it looks like there could be a breakout coming. From a 4h chart perspective, the USDSEK looks like it could break out to the upside.
Could it be possible to go up to 10,90 or more from here?
USD/SEK Long from 61.8% Fibo and Dynamic Trendline | BUYThe USD/SEK comes from a Strong Uptrend where see the price harmonically makes Swing every time higher, following the Swing Trading strategy from the manual. In The last Period, the price after a Pullback on the 61.8% Fibonacci had a strong Bullish impulse and meanwhile the stochastic it's just exited from the oversold, and the RSI already in Bullish our clues are for a new Long setup looking at the price reaching around the value $11.00
USDSEK Entry Price 10.08263 Series of lower highs formed on the H4 Time Frame Chart for currency pair USDSEK. The market is bearish.
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.
USD/SEK 14/07/2022
Weekly:
- Bullish
- Bullish Indicational Candle
Daily:
- Bullish M
4h:
- Inverse Head and Shoulders
with BOS
USDSEK BearishRetracement [Hourl] after test of historical highsShorter-term trade with high Return to Risk ratio.
Exploits tendency for market to test historical highs/lows
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.
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.
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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.
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.
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.
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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.
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.
