Daily Analysis on USDSEK by ThinkingAntsOk

FX:USDSEK   U.S. Dollar / Swedish Krona
Use this as a guide to develop your view of the chart.

Main items we can see on the Daily Timeframe .

a)The main structure the price is in is an ascending channel .

b)Currently, the price is on the higher trendline of the ascending channel .

c)Remember that Technical Analysis doesn't tell us what is going to happen. Technical Analysis shows us zones in which there is a certain probability that something happens.

d)With the previous item clear, we expect a corrective structure on the current level or a reversal movement. What we want to see is the effectiveness of the cloned channel.

Enjoy your weekend!
Thinking Ants.
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