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USDSEK

USDSEK ranging for a possible retracement 🦐USDSEK is close to a weekly resistance. Market is currently renging between 2 structure and after a long bear move there is the possibility to see a retracement. Price currently broke the inor channel and is testing the support structure. IF the market will break and close above the weekly structure, at the restest of it, we can set a nice long order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Long
by InkyGrip
6
USDSEK Elliott wave forecast for week staring at 17.08.2020Hi all, It is a boring Saturday for me and I had nothing to do so lets do a minor currency pair for fun:D First of all I am not 100% sure about the wave counts as I didn't go through 1min chart to verify all the counts but it seems to be a good count 2- some of my wave counts doesn't 100% confirm the fibo ratios but it is roughly a correct model I think. it seems that we are in wave 4 and we should expect some reverse. I think we are gonna see a triangle. wait until one of the trend channels for the correction to get broken so I can see clearly what structure is this. buy or sell? non, just wait . I will keep you update under this post I am so bullish and I think we will see some reversal but I am not gonna buy until I see a clear signal
Long
by Analyticssage
2
USDSEK double bottom set up. DXY Pullback?USDSEK on the 4 hour has been in a major downtrend with multiple lower highs and lower lows. We hit a major support zone on the daily chart at 8.6000. From here the downtrend is beginning to exhaust with no new lower lows. From here, it seems we are setting up for a double bottom pattern. A quintessential reversal pattern. I am awaiting for a break above the flip zone at 8.80. I want a nice and concrete candle close above. Wait for that close! We could easily get a reversal and a pinbar candle. If we get that break, expect multiple higher lows on the way up. We have a major zone at 9.10 which I would target. Speaking about USD pairs, take a look at the DXY. Also a possible double bottom pattern which NEEDS the breakout to confirm. Will we get it? We shall wait and see. If we do, it could be a pullback to the 95.00 zone before making a second lower high on the daily chart. Here are a few USD pairs that have similar set ups:
Long
by Uncharted-FX
George Soros vowed to bring financial Armageddon & unleash hellAnd so he did. Legends fail And houses fall In great shame In elliptical ruins A king gouges his eyes out Forbidden love takes poison Tragedies repeat themselves In perfect circle As Colossus stands So shall Rome When Colossus falls Rome shall fall When Rome falls As Colossus stands So shall Rome When Colossus falls Rome shall fall When Rome falls So falls the world - Ulver, slightly modified George Soros said something along the lines of "I will destroy the US so Trump can never focus on making america great and is not an obstacle to our new world order", and when this failed, he had to try harder and use "covid-19 as a great opportunity for the great reset" I don't know about you but "the great reset" sounds even worse than "the new world order" not sure their rebranding is that smart. George Soros in interviews has very permabear vocabulary, he uses the word collapse very often for example, maybe they get off calling it the great reset? George Soros said Trump weakness was the stock market and this is where he would attack him most, now I do not know if he was wrong or right because as Trump over focussed on the stock market he made the problems worse and ignored the danger inside the country, sounds like the french revolution... As the economy took a huge hit and streets are burning he is still focussing on "number went up" "dow jones". The country can collapse with number up. A few weeks after Soros giving 220 million directly to BLM the US in on fire, and the USD is burning. Hey Trump wanted to devalue the usd to gain a trade advantage. Not sure he is going to like the likely result thought... Looks like a story taken from a James Bond villain background. Dragon Ball: After Goku destroyed the red ribbon army, one of their agents, Dr Gero, planned a revenge for decades and resurfaced with the plan "destruction of humanity" Real Life: After the US destroyed the red ribbin swastika army, one of their agents, Dr Soros, planned a revenge for decades and resurfaced with the plan "destruction of humanity" The US "has to go down, for a safe and secure fair society" Trump made America great, and so the new world order conspirors came out in the open and got more bold and are now directly attacking the US on their soil via their little pawns. The US shall fall. The economy is collapsing. Their ponzi currency is going to get obliterated, the more "help" they print the more useless it will be. The west coast probably splits from the rest. It's not even impossible when things gets really bad with people purchasing power the pawns that were being used (and the globalist know they cannot really control) get imprisoned or killed (yes the sociopath globalists are not very grateful to expendable pawns) and the nwo decides to take control of the USA "because they do inhumane crimes leaving us no choice". Trump is quite alone, well he has the public behind him but they're mostly not very bright, and his actions are limited because of the coming election, judges are looking into the Clintons, Epstein & his entourage (oh btw the judge that was assigned to Epstein case had entire family shot and the gunman "killed himself" ;) ) He is going to defend the US and whatever happens in november they'll come out fine, just not as a world dominating super power. And they might need a new currency. The biblical collapse of the usd ponzi scheme has already started, this is just the beginning. This time will not be different. The price has absolutely skyrocketed down in the past 10 days. I hope it does not pullback and keeps going forever. Complete destruction. How delighted am I? Yes.
TVC:GOLDLong
by MrRenev
7
The downtrend continues to drag bullish investorsThe US dollar to Swedish krona trading pair is widely predicted to crash to its lowest level since April 2018 the pandemic continues to take shots against the buck. The decline should help bears assert more dominance over the market by pushing the 50-day moving average lower against the 200-day moving average. Looking at it, the Swedish krona has been one of the strongest currencies to take down the US dollar amidst the coronavirus pandemic. Some forex experts even believe that the Swedish krona’s run against the greenback is better than the Swiss franc, a safe-haven currency. However, the recently released economic data from Sweden has slightly weighed on the Swedish krona and it has prevented it from securing bigger gains after the pair break through its most recent support. Investors are waiting for further guidance from the scheduled Swedish producer price index for June later this Monday.
Short
by Financebroker
Simple rules to understand Supports and Resistances behaviour The idea of this post is to use this current scenario to provide an idea of how to work with clear Support and Resistances zones. a) LOOK AT THE PAST: What we mean by this is to look for zones that you can define as reversal areas (support/resistance), this must be Evident if it is not then you should not be paying attention to that chart b) Once you have found a situation in the past that is clear enough, you can think that similarities may happen to the current scenario, For example, we would say something like: The price will reverse towards a similar level as it happened on the past c) Be ready to be wrong: We don't know what the price is going to do precisely, BUT we can assume two situations, either will break a level, or it will reverse on a level. Let's take the previous support zone as an example. We had an evident support zone, and the price dint reversed there, BUT the price stop for a while. so we can make a rule like this: -IF the price breaks a clear support/resistance zone; first, it will tend to stop there and make a sideways movement for a while before continuing -IF the price reversed on a level, I should see similarities to previous situations, and I can use it as models to follow and wait for triggers or signals that I saw worked before d)LAST RULE: The price moves between specific Support and Resistance zones following the previous 2 ideas about breaking a level or reversing on a level / Take a look how the price broke the last zone support, making a sideways movement first. After that, the bearish movement continued and now has reached the next support zone, there we should think again that both scenarios can happen, and just react to the more evident one.
Education
by ThinkingAntsOk
3
USDSEK LONG - W-patternHi moneymakers, Allright, so an exotic pair.. lots of movement on this pair most of the weeks, so lets fasten the seatbelt. Ok, so we have a lot of rejections on the daily wich is giving us the information that the bears seem to be failing to push lower. And what happens when the bears fail, YES, the bulls come in, wich is also in line with the chart pattern at this point. IF we go up, IF, than we will form the W-pattern and the risk/reward is amazing + we will have another trading oppurtunity towards the neckline. So, keep a very, VERY close eye on the price action thats happening on this pair to catch the waves! Cya on the update!
Long
by FXT_TL
ridethepig | SEK Long-Term Macro Map📍 USDSEK Long Term Macro Map After the " Moment of Truth for SEK " flow, which was so difficult with its own inherent positional issues, the next update here should appear all too straightforward again. Of course a well planned macro flow does not have to last forever; a dollar devaluation swing which only crops up occasionally, in fact can even threaten the 6.80x support. Some 8 candles later, the flows are following the widely mapped positional forecast. This swing has the clear fundamental advantage from the soft inherent picture in Sweden. Things have not settled down on the virus front which has become quite forgotten by many. Then of course when a second wave occurs in the Northern Hemisphere during the Winter months, the almost forgotten complacency will return, bringing a zig-zag into the initial forecast into the initial 8.20x target. Dollar seller's last move sees the impulsive swing being instated, for the threat is now the clear advance onto the main targets. It is therefore logically and casually relevant to all G10 crosses to include the DXY maps: At the point when this was made, Fed was seen as a deer in the headlights via Covid capitulation / flip flop and, with what immense trouble they will have now in achieving credibility after funding the Whitehouse policies in broad daylight!! Watch for the lows next week, its not quite so easy for buyers to dispose of the momentum here: if this happens we may enter into waterfall mode.
Short
by ridethepig