USDSEK
BULLISH USDSEK: Triggers a Buy signal on 30M chart.Good morning traders,
Following a lower plunge during the EU session early this morning. with the pair lost nearly 86 pip, The USDSEK pair continue's to move up in a strong BULLISH trend as it did for past - days.
On the other hand, USDSEK is holding well above the long term 200 days simple moving average (that's why we don’t recommend any short trades on the USDSEK for the coming days). The 50 and the 20 days simple moving averages are also confirming continuation of the well establish BULLISH trend.
CONCLUSION: As per above general BULLISH trend, Only Long trades to be considered following completion of any counter trend falling correction on the 30-minute chart. (Note: This conclusion is only valid as long as price is holding above the 200 periods simple moving average (red dotted line) on the 30-M chart ). For the final Long entry signal please watch for the coming vertical Key Time Reversal Zone (KTRZ) on the 30M chart.
(c) This pair review has been published by TFF (TM) Forex Scanner Analysis team trendfollowingformula.com on Monday 2016.07.25 11:31:03 (GMT).
USDSEK: Monthly uptrend updateGentlemen, we have a very compelling monthly signal in this pair. The targets are on chart, as well as the reccomended long term stop loss.
This trade has positive carry, so, holding it will pay you interest based on the interest rate differential between the Swedish Kronor and the US Dollar. I anticipate one rate hike this year, which would accelerate the dollar rally considerably as soon as confirmed.
Check out my updated track record here: pastebin.com
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Cheers!
Ivan Labrie
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
$USDSEK | Bearish Wolfe Wave | 8.11510 TargetHello Traders,
Here we have a nice short set up for USDSEK. I'd look for a short in the vicinity of the red box which would give us 5'. Regardless of 5' hitting or not my target is still set on 8.11510 because there is such little difference between point 1 and 4.
Pay attention to the formation in the RSI, notice how a similar structure is formed.
Rule: Geo's Off-Set Rule tells us the highest probability target once point 5' is created is point 4.
Best,
Chartistry
UsdSek Looking To Reverse DownUsdsek Having Reversal Looking Good With Previous Areas Holding Nicely With Huge Bearish Volume Will Short After It Moves Down Below Red Trendline With Take Profits @ Flag
Reasons To Short
Previous Areas Holding
Huge Bearish Pressure due @ Those Areas
Reversal Pattern
Indicators Turnings Bearish
Trendline Rejection
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#USDSEK sellBreakout down from long consolidation and significant level 8.000
You may wait to daily close before sell
Short the Swedish Krona ASAPMonster opportunity here. Too many signs of a bottom in my book. Supported by horizontal structure (Weekly and Monthly), lower boundary channel, advanced pattern on the daily, and a short time frame (4hr - 1hr) libra pattern.
USDSEK. End of correction. Buy on break up.Hello there!
SEK is the component of Dollar index (DXY) and has similar chart.
It is good to buy on break of white resistance line.
Best!
GBPSEK (Long - Counter-Trend) I view this as a good bottom fishing opportunity. This also coincides with my bullish dollar/short Swedish Krona thesis. I am bullish pounds as well for the time being (as long as GBPUSD holds above 1.4000).
USDSEK - Huge sideways rangeUSDSEK is in a huge sideways range. Looking a potential decisive break downside before taking a short position.
USDSEK bat pattern with bearish divergenceThis bearish bat pattern could possibly form in the next day.
Coupled with the pattern is bearish divergence on the RSI, which has already ventured into overbought territory, so hopefully does again once the bat forms.
USDSEK bullish cypher formedThe ECB news resulted in a large drop in this pair, which resulted in the formation of a cypher pattern.
I hope for a relief rally that will bring the pair into my target.
