The USDSEK pair has been rising parabolically all year due to the well-known fundamental reasons empowering the USD amidst the high inflation. The price has finally reached though a technical level that we have to consider as it has been forming long-term tops over the past 7 years.
As you see on this 1W chart, the Resistance we are referring to is the Higher...
By the close of last week's trading session, the top 3 worst performing currency pairs came out to be the USD/PKR (-4.91%), NZD/USD (-2.61%), and USD/SEK (-2.04%).
To help determine the direction that these pairs will take this week, we will use the Hacolt Indicator (Vervoort Heiken-Ashi Longterm Candlestick Oscillator). Will the pairs continue to slide, or are...
1 hour short.
Maybe Im a little too early. But hey.
- USD might be over extended here.
- Seasonality
- Small heads and shoulder
Tight stop and see if it can break the smaller trend line and then carry on further down. The idea is that we will see some counter-trend move until new year.
Seasonally it can be a bit more risk on.
We haven't updated the USDSEK pair for over 2 months and on the long-term it still looks bullish. This chart is on the 1D time-frame, where the price reached again the 2.5 Fibonacci extension as on the July 12 High. With the 1D RSI hitting the Lower Highs trend-line twice, which is the level where all price Highs have been made since November 24 2021, it is very...
The USDSEK has been in a bit of a tight range lately, but it looks like there could be a breakout coming. From a 4h chart perspective, the USDSEK looks like it could break out to the upside.
Could it be possible to go up to 10,90 or more from here?
The USD/SEK comes from a Strong Uptrend where see the price harmonically makes Swing every time higher, following the Swing Trading strategy from the manual. In The last Period, the price after a Pullback on the 61.8% Fibonacci had a strong Bullish impulse and meanwhile the stochastic it's just exited from the oversold, and the RSI already in Bullish our clues are...
Longer-term bearish retracement trade after bullish parabolic fan trend lines.
Requires confirmation of failure of support of historical highs with short entry below March 2020 high.
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: USDSEK BearishRetracement [Hourl] after test of historical highs](https://s3.tradingview.com/a/aL18uBpy_mid.png "USDSEK BearishRetracement [Hourl] after test of historical highs")
![USDSEK: USDSEK BearishRetracement [Daily] after test of historical highs](https://s3.tradingview.com/k/kTqQ8J4E_mid.png "USDSEK BearishRetracement [Daily] after test of historical highs")
