USDSEK continues at historic highs. Yesterday it made another attempt to break 9.688 resistance area but once again it failed, this is the 3rd attempt and the 3rd fail recently. The day ended with a pretty big inverted hammer candlestick what is also a bearish signal. When looking at RSI we see that it is also loosing strength with each attempt to break the...
USDSEK is expected to drop to 1st support at 0.964127 where it could potentially react off and up to 1st resistance at 0.973661. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Nice candle combination after reaching previos high on USDSEK can make nice correction till trendline...
ENTRY 9.68176 TP 9.60887 ( RR+2.18) SL 9.71481 INTEL: The contraction is leading right to a previous top making this a possible double top pattern. Price action achieved a fake-out to the upside, showing that the "buyers" are dying out. TP1 (50%) and TP2 (61%) both line up with previous resistances, now supports.
-Daily Chart Explanation: Price is currently making a Double Top Pattern with the previous high. We need for a rejection daily candlestick to confirm the bounce, but in case it happen then there is a potential movement towards the Support Zone at 0.9300. And, nn case this zone is broke, then the Weekly Ascending Trendline would be the target. -Weekly Timeframe:
USDSEK is approaching its resistance at 9.69096 where it is could reverse down to its support at 9.54277. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Entry Sell 9.66202 Stop Loss 9.70009 Take Profit 9.45900 - 9.43362
USDSEK reversed off its resistance at 9.64758 where it could potentially drop further to 9.59540. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDSEK is going to retest 9.70 beeing moved by current uptrend and local trend. 9.70 will be a sign 1)uptrend can go further 2)can be correction down. Right now may be an opportunity for some profit in staying long.
USDSEK reversed off 9.64207 where it could potentially drop further to 9.53944. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Buy in stop at 9.59 Stop @ 9.4720 If we get into this trade target will be a wait and see approach. Like us and follow is. Happy trading and watch your capital always.
USDSEK bounced off its support at 9.52966 where it could potentially rise further to 9.59545. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDSEK is expected to drop to 1st support at 9.52966 where it could potentially react off and up to 1st resistance at 9.59545. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and...
USDSEK bounced off its support at 9.54484 where it could potentially rise further to 9.69613. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDSEK is expected to drop to 1st support at 9.54484 where it could potentially react off and up to 1st resistance at 9.69613. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDSEK bounced off its support at 9.56159 where it could potentially rise further to 9.69613. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDSEK bounced off its support at 9.56159 where it could potentially rise further to 9.69613. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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