USD SEK looks to be getting into it's new trend upwards after falling out a falling wedge earlier. It's gotta stop falling sooner or later.
But be aware it also has price action up and down inside a monthly bullish pennant. How bullish right now is what needs to be known.
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...
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?
FX:USDSEK
This is just an analysis and not a signal for you to enter the trade!
You must go according to your strategy and look for the signal in the specified areas.
IRFOFC
The Donchian channel is violated upside, and the bottom channel is shaping similar direction. Further, we have the DMI DI+ crossing above signal line showing we may see strong up move of USDSEK coming trading sessions.
Strategy BUY USDSEK 8.8700 with stop-loss below 8.5500. Profit objective 9.7500.
FX_IDC:USDSEK
The yellow and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
Good luck guys.
IRFOFC
USDSEK Long
You can set a longer stop loss.
I would love to hear your feedback do you think the trade will complete in profit or will the stop loss get hit!?
This is not financial advise, trade at own risk.
![USDSEK: LONG [U.S. DOLLAR / SWEDISH KRONA]](https://s3.tradingview.com/r/RKzQs5KN_mid.png "LONG [U.S. DOLLAR / SWEDISH KRONA]")
