The USDSEK pair had an excellent technical bounce on the 1D MA50 (blue trend-line) following our previous analysis: As you see that was our 1st suggested buy entry, so if you took the trade you can book (partial) profits and enter on the next pull-back near the diverging Higher Lows trend-line. The long-term entry is now located on the 1D MA200 (orange...
usdsek long. usdsek long. usdsek long. usdsek long. swing long.
USD strengthening against SEK on hourly chart based on Dow Theory.
We have two key price action markers on the daily timeframe. 1. Price makes an attempt to trade above previous highs and it does. However, price failed to hold above and close. 2. The subsequent candle is an indication that momentum to the downside is accelerating. With the DXY looking bearish, this is a good sign that we can expect further downside.
Yellow= Support or Resistance Green= Positive trendlines Blue= Strong and trend effecting S/R The analysis concern USD bound to SEK, however its a great general directional indication to USD weighing against all other. The Analysis is about the current positive trend. Due to its already developed for some time its not in its beginning, therefore its not an...
Following on from todays analysis we see price action pushing through resistance and a long has been taken at 9.89522 level. Watch out for HIGH IMPACT GDP figures in the US this afternoon.
The recent price action indicates that USDSEK is holding resisted above a key daily level at 10.07110. Price made this high on March 7th of this year. On May 12th, price tried to trade above this level. However, it did not hold. I'm currently eyeing the downside potential on this pair.
The USDSEK pair has turned parabolic in these past 12 months and is now supported by a diverging Higher Lows trend-line. The ultimate target is the 10.4850 High of the March 2020 COVID pump, but as the 1D RSI is hitting Lower High Resistances, it is best to wait and buy lower upon a pull-back. Best levels to do so are within the 1D MA50 (blue trend-line) and the...
i think FED will be dovish and i take a risk to short USD here. also Bond Yields Differentials would be a help to some extent .
The fifth wave is over, start shorting, the beginning of the second sub-wave of the fifth wave of the first target.
The support zone or high of the day already pushed the market price down. The bigger trend is upward trend and in this trend the head n shoulder pattern maybe form that little bit confirming our sell opportunity. The bigger upward trend is forming the pattern which rising wedge that gives us the hope to our selling opportunity and lastly our last phase in the...
USDSEK pumping from demand - Targeting supply zone as marked. Nice H&S pattern to go along with it too. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Monthly: inv h&s W formation Weekly: h&s Daily: h&s We had clear corrective bullish momentum, i'm expecting to reach the BOC 4H: Bearish W
The Swedish krona is among the major currencies that are susceptible to the latest developments in East Europe alongside the Euro, and both have been a basis for market sentiment surrounding the conflict on markets and economies. On March 7, as the third round of peace talks capped off without any breakthroughs and as energy prices surged to a 14-year high, the...
Entry Price 9.35950 Take Profit Price 10.46896