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USD-SEK

Swing Trade Idea on "USDSEK" by ThinkingAntsOkConsider this as a guide to develop your own setup. Main Items we see on the Daily Chart: a)Price has broken the descending trendline b)Currently we can see an ABC formation (maybe an expanding Triangle) c)This type of formations are considerer continuation structures d)The price Broke out the corrective structure and now is making a pullback to the Trendline Based on that we set on the Chart -ENTRY -STOP -TP Use them as an idea of where to set your orders if you were planning to take this trade, We have similar setups on EUR/USD + USD/JPY (the link is on Related Ideas) Weekly Vision:
Short
by ThinkingAntsOk
1
"Top and Bottom Analysis" USD/SEK by ThinkingAntsOk4H CHART EXPLANATION: In 4H chart we can observe that price has broke the Ascending Trendline and the previous support zone, making a pullback on it. It has potential to continue the downside movement towards the Support Zone at 9.4700 and if it is broken, then to the bottom of the Ascending Channel Updates coming soon! MULTI TIMEFRAME VISION: Daily: Weekly: *Please note that the above perspective is our view on the market, we do not provide signals and take no responsibility for your trades.
Short
by ThinkingAntsOk
USD/SEK 1H Chart: Bullish momentum likelyUpside risks prevailed in the market, thus sending the US Dollar 4.25% higher against the Swedish Krona. Half of these gains have erased since beginning of October, as the pair returned near 8.9000. As apparent on the chart, the currency pair is trading in a short-term ascending channel. Given that the rate is supported by the 55-, 100– and 200-hour SMAs, it is likely that goes upside. Important resistance level to look out for is a combination of the Fibonacci 0.00% and the weekly R3 at 9.2487. It is the unlikely case that some bearish pressure still prevails in the market, the US Dollar should not exceed the Fibonacci 23.60% retracement at 8.9134.
by UnknownUnicorn890690
USD/SEK 1H Chart: Short-term increase expectedThe US Dollar has been depreciating against the Swedish Krona in a short-term descending channel since the middle of August. This gradual decrease in price began when the rate reversed from the upper boundary of a medium-term ascending channel at 9.2290. The pair reversed from the lower boundary of the junior channel during Thursday's morning hours. The common scenario would be a surge towards the upper channel line located circa 9.0800. However, technical indicators suggest that this advance might not be immediate, as the pair is being pressured by the 55-, 100– and 200-hour SMAs. Important level to look out for is the monthly PP at 9.0637.
by UnknownUnicorn890690
USD/SEK 1H Chart: Rate tests 55-day SMAUpside risks prevailed in the market at the beginning of July, thus sending the US Dollar 3.10% higher against the Swedish Krona. Half of these gains were erased during the previous trading week, as the pair had returned near the 8.80 mark at the time of this analysis. The Greenback has already fallen below the 100– and 200-period (4H) SMAs. If the 55-day one likewise surrenders at 8.7950, it might be considered that a medium-term decline is in sight. The following trading days are likely to come with a slight correction north until the monthly PP and the 55-period SMA at 8.85, as bears could lack the necessary momentum to dash through the 55-day SMA at first. This up-move might also lead the rate until a trend-line located near 8.92 is reached.
by UnknownUnicorn890690
USD/SEK 1H Chart: Upper range line reachedThe US Dollar has been stranded in the 8.5675/8.9835 range since late April. Its southern boundary and the senior channel were tested mid-June. This move was followed by the Greenback initiating a new up-wave and reaching the 161.80% Fibonacci expansion line at 8.95 yesterday. Given that the pair has reached the upper range boundary, it is likely that bears start to pressure the rate and thus push it lower. This assumption is likewise strengthened by the fact that the rate has breached the dashed short-term trend-line. The base scenario favours the weakening of the strong upside momentum and a soon decline down to the 55-, 100– and 200-period (4H) SMAs or the other range line at 8.75 and 8.5675, respectively.
by UnknownUnicorn890690