Get started

USDSEK

USDSEK Daily Head and ShouldersReally like this pattern because it happened at a break of all time new highs. We have had a nice uptrend with higher lows and higher highs. And we can now see that this momentum may now be running out. The swing we are working with is the 9.6050 level. This is the neckline we are using. Once this higher low swing gets taken out, the uptrend by definition is over. We have possibly made our first lower high here too BUT remember we need lower lows to confirm. So many good confluences here for the trade. The lower high would require a break of the neckline nullifying the uptrend. Let us await for a nice close and break below the neckline. To the downside, the 9.48 is one to watch, and then afterwards the 9.3710 zone. Remember. we do have the US Fed decision on Wednesday, so be prepared.
Short
by Uncharted-FX
2
USDSEK bounced from support, potential for a further rise! USDSEK bounced off 9.55076 where it could potentially rise further to 9.87576. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
USD/SEK Short Opportunity by ThinkingAntsOk4H CHART EXPLANATION: On this timeframe, price has broke the short term Ascending Channel and the Support Zone. Now we are waiting for a pullback or corrective movement to place sell orders, since it will provide a good zone to place the Stop Loss. The first short term target would be the Support Zone at 9.5400 and it if is broken, then the Support Zone at 9.300. The long term targets are explained on the Daily timeframe below. DAILY CHART EXPLANATION:
Short
by ThinkingAntsOk
USDSEK reversed from resistance, potential drop! USDSEK reversed off its resistance at 9.84295 where it could potentially drop further to 9..55076 *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
1
Will the USDSEK Breakout?Last post: See link below. Review: Price was in a bullish trend . Update: Price soon moved into a circa 3-month consolidation . Conclusion: Looking for the current bullish momentum to take price out of consolidation and towards the major round number of 10.0000. We are currently long on this and will look to compound/add further long trades once 10.0000 is confirmed as support. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading