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USDSEK

USD/SEK 1H Chart: Pair diminishes trading rangeThe US Dollar has been trading in an ascending channel against the Swedish Krona since the beginning of 2018. The pair has appreciated 7.44% since its 2018 low of 7.8233, thus breaching the senior channel on March 28. The Greenback continues to diminish its trading range and move in line with the wedge. The most recent test of its upper boundary occurred late on Friday when the rate reversed from the 8.48 mark. It is likely that the given pattern is respected during the following trading days, thus setting the bottom wedge line circa 8.36 as a near-term target. A breakout to the downside might occur at this level. Nevertheless, this decline below 8.39 could be briefly hindered by the 100– and 200-hour SMAs.
by UnknownUnicorn890690
USD/SEK 1H Chart: Continues trading in neat patternsThe historical price movement of USD/SEK demonstrates that the pair has a tendency to trade in neat channels. The past three weeks have not been an exception. This latest junior pattern was formed late in February when the US Dollar reversed from the upper boundary of a medium-term channel circa 8.32 and began edging lower. Even if this short-term pattern fails to confine the rate any for long, it is still expected that the Greenback continues its movement south within the following two weeks until the senior channel is reached in the 8.10/12 area. Two important support areas is the 55-, 100– and 200-hour SMAs and the weekly PP circa 8.20 and the weekly S1 and the monthly PP at 8.14. A breakout of the latter might set the pair for another decline down to the psychological 8.00 level.
Short
by UnknownUnicorn890690
USD/SEK 1H Chart: Two scenarios possibleFollowing a reversal from a seven-month high of 8.52 mid-December, the US Dollar has been moving in a channel down against the Swedish Krona. The upper boundary of this pattern was tested on February 9—a move which was followed by a slight period of depreciation. It seems that the pair is currently standing at the crossroads of two scenarios. On the bearish side, the pair should breach the 200-hour SMA and edge lower in line with the medium-term channel. A possible target within the following two weeks could be the 2016/2018 low of 7.8221. Technical indicators suggest that this is the more likely scenario. On the other hand, the pair might fail to sustain its bearish movement in the steep channel down, thus resulting in a soon breakout north. The pair might even respect the three-week ascending channel and breach the 55– and 100-hour SMAs near 8.06. A surge up to the 24.60% Fibo retracement at 8.2053 is expected to follow.
by UnknownUnicorn890690
USDSEK 2300PIPS HUNT USDSEK To open LONG positions for USDSEK , it is required: In this situation our system indicators to confirm trade entry confirmation for movement to the upside but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met. Risk Description: Once signal is confirmed we will execute more positions on the position on H1 and 30M charts. Minimum 2350 pips will be up for grab with small risk SL at swing high. Target 5000 pips Profit expectations: 6-20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
Long
by UnknownUnicorn1372988
USD/SGD 1H Chart: Rate poised for gainsFollowing a breakout of a four-month ascending channel mid-December, the US Dollar started to weaken substantially against its Singapore counterpart. This bearish movement was bounded by two channel lines with several confirmations on each side. After failing to reach the bottom line on January 15, the Greenback started to trade in a junior channel down. Even though this pattern was breached earlier today, it is unlikely that the pair moves below the 7.92 mark which is supported by the monthly S2 and the weekly S3. Technical indicators are located in the oversold territory, thus also pointing to a soon increase in price. It is likely that the US Dollar is halted near 8.02 due to the combined resistance of the upper channel line and the 55-, 100– and 200-hour SMAs. However, the pair could subsequently breach the senior formation and go for a surge towards 8.30.
Long
by UnknownUnicorn890690
USD/SEK 1H Chart: Pair guided by bearish patternsUSD/SEK was dominated by an ascending channel in force since late August. This long-term pattern was breached mid-December, thus following by a period of decline down to the 8.13 mark. This bearish momentum has allayed during the previous week; nevertheless, the pair still remains tended slightly southwards. The Greenback managed to breach the combined resistance of the 55– and 100-hour SMAs early today. Technical indicators favour further fall within this session and even beyond. Thus, it is likely that the given currency halts near the 200-hour SMA and re-tests the aforementioned shorter-term moving averages. By and large, the senior channel is expected to hold, thus guiding the pair within the following week or two.
by UnknownUnicorn890690
USD/SEK - DON'T BE FOOLED BY THE BREAKOUTThe pair is currently still correcting and we could get one more strong move to the upside. Bear in mind though that in the bigger picture (Monthly chart - which i will post as an update) we are still within a Zig-Zag correction (wave 4 to be exact) therefore I would be very cautious and lock in profits as soon as possible. Note how leg C looks like it's carrying a lot of momentum, but so did leg A before turning. In addition we are seeing an ending diagonal form which is a very common occurrence for the leg C of a Flat & Zig-Zag correction. My personal details: Long @ Entry: 8.2677, SL: 8.2565, TP: 8.5180, RR:22.34 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
USD/SEK 1H Chart: Channel up weakensUSD/SEK had been guided by a channel down valid since November, 2016. This long-term pattern was eventually breached to the upside two months ago when a junior channel proved to be stronger. The rate has since diminished its trading range in the given pattern, thus failing to reach its lower boundary on November 27. Meanwhile, a possible surge north has been halted by the 8.52 area on several occasions. Technical indicators suggest that the US Dollar is likely to edge higher in this session. Given the strong resistance of the 100-, 55– and 200-hour SMAs and the weekly PP, any attempts to move past the 8.46 mark should be disrupted. Subsequently, the pair could either trade sideways for some period prior to falling down or do the latter right away. A possible downside target for the following three weeks is the 8.32 area.
by UnknownUnicorn890690
USD/SEK 1H Chart: Rate pressured by SMAsThe US Dollar has been appreciating against the Swedish Krona in an ascending channel since late August. After failing to reach its upper boundary on November 21, the Greenback initiated a new wave down. Meanwhile, the lower boundary of the senior channel was tested for two consecutive sessions. The rate, however, managed to edge slightly higher until the weekly PP at 8.3538 was reached. Currently, the pair is located between the 55-, 100– and 200-hour SMAs. The pressure from both barriers might force it to move sideways. Its subsequent movement, however, is expected to be south and past the bottom boundary of the senior channel. In case this scenario occurs, this might mark a period of depreciation for the pair until some weekly or monthly pivot points halt this bearish momentum (both types of pivot points are to change at the end of this week, thus a specific downside target cannot be set).
Short
by UnknownUnicorn890690
USD/SEK 1H Chart: Breached long-term patternFollowing an eight-month period of depreciation in a descending channel, the US Dollar began a new up-wave late in August. This bullish sentiment proved to be stronger, thus setting the pair for a breakout of this long-term pattern. Currently, two channels up are dominating the market. The Greenback has been testing a three-month high of 8.4050 for several trading sessions. Its failure to move above this line suggests that the pair might be ready to form a retracement from the aforementioned long-term channel. However, the rate being pressured by the 55– and 100-hour SMAs might hinder any immediate movement south. As a result, it could continue its consolidation phase in this session prior to edging lower next week.
by UnknownUnicorn890690