2use

USDSEK - Time to cool down? (divergence, wedge, resistance)

FX:USDSEK   U.S. Dollar/Swedish Krona
103 0 4
- Extreme rises in more or less stable countries wont happen without a cooldown
- Resistance from 2 previous tops around 8.08 (yesterday's trading)
- Negative divergence on daily (can be small or large correction)
- Bear rising wedge in an up trend - if followed by tech traders, can lead to 7.5
- Secodnary parallel (purple channel) top

As much as it has been a huge loss for Swedish SEK             second half of year (25% loss to Dollar), it is not as weak as it seems to be.

If breaks down, we know that is indeed a top. Breaking above the top would lead to 8.5 at least
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out