Following a lower plunge during the EU session early this morning. with the pair lost nearly 86 pip, The USDSEK pair continue's to move up in a strong as it did for past - days.
On the other hand, USDSEK is holding well above the long term 200 days (that's why we don’t recommend any short trades on the USDSEK for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the well establish .
CONCLUSION: As per above general , Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding above the 200 periods (red dotted line) on the 30-M chart ). For the final Long entry signal please watch for the coming vertical Key Time Reversal Zone (KTRZ) on the 30M chart.
(c) This pair review has been published by TFF ( TM ) Forex Scanner Analysis team https://trendfollowingformula.com on Monday 2016.07.25 11:31:03 ( GMT ).