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U.S. Dollar / Swedish Krona
Short

USDSEK: Trend Continuation

78
USDSEK is one of the latest pairs to break below a key daily level. Here's my analysis on both the daily and intraday timeframes.

Daily Timeframe:
  1. EMA20 is below EMA60, which indicates that this is a downtrend.
  2. Price crossed below the horizontal trend line (HTL) and then a bullish bar formed that remain below the HTL.


H1 Timeframe:
  1. Price entered a supply zone, and seemed to hold below it.
  2. Price also crossed back below the EMA20, signaling confluence with the overall daily downtrend.
FinancialGamblR
Also on:
analysisbreakoutCandlestick AnalysisdaytradingForexMultiple Time Frame AnalysispriceactionSupport and ResistancetradingtrendUSDSEK

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analysisbreakoutCandlestick AnalysisdaytradingForexMultiple Time Frame AnalysispriceactionSupport and ResistancetradingtrendUSDSEK
FinancialGamblR
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.