OANDA:USDSEK Details on the chart. Happy pips, Pipdified
OANDA:USDSEK Details on the chart. Happy weekend, Cheers, Pipdified.
The Strong dollar vs the weak Swedish Krona was among the strongest carry trades during 2018 and let me give you guys some hints. The Swedish Central bank has their hands bound - promised 2% rate increase until 2021 Housing market overbought is overbought at 189% which means per default the banks will sell the property at 100% at default and customer sticks with...
Can we test 9.4175 then 9.4475?
#USDSEK maintains a bullish “triangle” continuation pattern, as well as an existing base from April last year, keeping the risks higher. We see resistance back at the 2016 high at 9.4482, with potential long-term trend resistance seen at 9.4818, which we expect to cap at first. Big picture though, the “measured triangle objective” is set much higher at 9.6176.
We did follow this pair for a few weeks now. On the daily chart, it can be seen that it reached an area where it will consolidate (based on the previous patterns) until a breakout occurs. Based on our analysis, we went long and set our TP to the previous highs (9.09523) and SL to (9.02374), where support can be seen above this area. Trade safely! The Forex Farmers.
Glancing at current market conditions, we can see that USD is creeping into overbought territory and could remain there if fundamentals are unchanged or positive.
USDSEK Swing Long . Market create long term Double Bottom and Break very important TL on high TF . actuly this market is on Rzone. if Break This R zone Flying UP on Profit Taker Level (Profit Taker R zone).
bullish bat formed D leg completed at the 1.618 aba ext take profit based off a/d fib (see Tp1/Tp2 for price) comment/critique I'm still mastering my skill so it would help thanks
USDSEK is currently trading at 38.2 fibo level of the daily chart. Tonight news promise some positive figures for US..
Expecting the USD correction to be over soon, and will be looking to long this pair.
Based on my analysis the price should start going up to a target of 9.02. SL at 8.88 or below depending on your risk assessment. Good Luck and stay safe!
FX:USDSEK Safe Trades;
Candles being printed above the wedge to the upside; previously fake-out so a stop at break even will be necessary.