daujones

Why the U.S. dollar is strengthening

FX:USDSEK   U.S. Dollar / Swedish Krona
Yellow= 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.
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