The pair will reverse back in the following days after being whipsawed, sending the pair lower toward its previous low. Sweden leaves the negative territory of interest rate in the last month of 2019. This has fueled the Swedish Krona against the US dollar. However, the greenback managed to fight the krona following the signing of the US-China trade deal. Despite...
𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair is seen to reverse back following a series of weak candles. Sweden celebrated its 25th year of accession to the European Union this month, together with Finland and Austria. They became the 13th, 14th, and 15th Member States of the EU. However, the...
USDSEK had a strong enough rebound on the July 19, 2019 Support, managing to turn 1D bullish again (RSI = 55.827, ADX = 26.453, Highs/Lows = 0.0481) since November. We are expecting this bounce to accumulate more buyers in the process aiming at the 9.7000 Symmetrical Resistance. Conservative traders may enter a little lower as a pull back is very much possible if...
I will open Sell the false breakout because: - the price is under the Mirror Level 10.48800; - the trend is bearish; - potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!
More people in the country than there are houses. Sweden is not really socialist but they really on an inevitable course to self destruction. Not going to go into too much details. Good entry to short this failing currency. I think this is my best currency this year. I have good hopes. 1/3 or more of my good trades I had to enter on friday afternoon -.- So I...
USDSEK has been on my watchlist for quite sometime after we made new all time highs and then produced large red candles showing no momentum in the break. You can see we tried to create another higher high, but price was rejected and reversed at 9.7280. You can see the head and shoulders pattern which has occurred after making multiple higher lows and higher...
The pair is trading within a 1W Channel Down (RSI = 47.865, MACD = -0.019, Highs/Lows = 0.0000) since March and the neutral technical indicators suggest that the price made a Lower High within the Channel and is preparing for the next bearish leg towards a new Lower Low. On top of that the Lower High rejection (on the inner dashed trend line) took place on the 1D...
Pattern: Channel Up on 1M. Signal: Bullish as the price is near the Higher High zone. Also every time the price broke below the 1D MA50, it always stayed supported above the previous low, which delivered a rebound to a new Higher High. Target: 10.04400 (+0.73% from last Higher High) and 10.20000 in extension (+8.00% as per the increase that the last bounce on a...
The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart. This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is...
Pattern: 1D Channel Down. Signal: Bearish as the price has crossed the 1W Channel's middle. Target: 6.0300.
The pair is trading on a very long term Channel Up on a monthly basis and based on the neutral 1W indicators (RSI = 54.242, MACD = 0.104, Highs/Lows = 0.0000, CCI = -24.9765) is on the Higher Low Buy Zone. This can initiate a potential rebound which makes it a medium term buy opportunity for us. The RSI on the 1D frame has also entered the Buy Zone. Our Target...
Pattern: 1M Channel Up. Signal: Bullish since it broke the middle of the Channel after a rebound on the Higher Low. Target: 12.6000 (+10.70% rise from the Higher Low).
The price is approaching 5-Months High 10.84980. Waiting for accurate Sell entry. I will post updates if I'll open a position. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write it in PM. Thanks for your support!
Hello, in Sweden, unsurprisingly, they are getting to the "book burning" step. They want to replace their history with their political agenda thing: in favor of gender roles & postmodernism. I think this is not the first time it was proposed thought, but they are testing it each time, and getting closer to passing this law/act. Source: www.rt.com Pretty clear...
GBPSEK is trading within a 1D Channel Up which is currently approaching its Higher Low zone (RSI = 57.201, MACD = 0.073, Highs/Lows = 0.0000). Technically that is the most optimal Buy Entry and we are taking this long opportunity with 12.2500 - 12.3000 as the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more...
Pattern: Rectangle on 1M. Signal: Bearish as the price was rejected on the 1M Resistance Zone. Target: 1.0455 and 1.0215 in extension.
Priceline of US Dollar / Swedish Krona forex pair is moving within an up channel and now hitting the channel's support. MACD is strong bearish and stochastic is still not oversold so I would suggest to wait for MACD to turn weak bearish or for stochastic to give bull cross then take long position. I have used Fibonacci sequence to set the targets: Sell between:...
Pattern: Channel Up on 1W. Signal: Bullish but wait for a lower entry as the price is approaching the Higher High zone. The optimal buy entry will be when it crosses again the 1D MA50 (projected around 9.60000). Every time the price broke below the MA50, it always stayed supported above the previous low. Target: 10.00000. * See how well this pattern worked...