USD SEK High timeframe analysis....bullishUSD SEK is a bullish chart in the short to medium term but since July 2022, you will see that USD SEK has been in a bearish downtrend. Prior to 2022 it was a bullish up-trending USD SEK.
Now on the daily chart USD SEK recently fell out of a falling wedge, which is usually a bullish signal after price settles and wrong-foots traders. That is what's happened in recent weeks and today a cross-up of the daily chart 9ema and 50ema which is always a strong price action in the days ahead on any chart.
On the weekly chart (right of screen), weekly support recently on the Weekly 200ema and this looks like it will climb in the weeks ahead on the back of a firming USD.
Usdseklong
USD SEK is flowing nicely to the Upside. BUY.
USD SEK looks to be getting into it's new trend upwards after falling out a falling wedge earlier. It's gotta stop falling sooner or later.
But be aware it also has price action up and down inside a monthly bullish pennant. How bullish right now is what needs to be known.
Reversal set for last week’s worst performing pairs? USD/SEKBy the close of last week's trading session, the top 3 worst performing currency pairs came out to be the USD/PKR (-4.91%), NZD/USD (-2.61%), and USD/SEK (-2.04%).
To help determine the direction that these pairs will take this week, we will use the Hacolt Indicator (Vervoort Heiken-Ashi Longterm Candlestick Oscillator). Will the pairs continue to slide, or are they primed for a rebound in response to the huge selloffs?
The Hacolt Indicator helps to confirm the strength of trends. When the indicator presents green, the market is expected to trend upward, and when it is red, it is expected to trend downwards. It can also be used as a trend switch signal, suggesting a potential turnaround or a pullback on the current trend.
Starting with the USD/PKR, just like the USD/SEK, the Hacolt Indicator shows a green bullish signal. However, strong resistance at 240.00 created a double top formation on the daily timeframe, which resulted in last week’s downward move for the pair. The price may head towards 224.00 and even 217.50 if the Hacolt indicator gives a red bearish signal this week.
For the NZD/USD, the Hacolt Indicator, on the other hand, shows a red signal which indicates that the pair is still on a downtrend. The trading candle last Friday also ended closing below the 0.5626 support area, which may suggest that the price for this week for the NZD/USD would likely continue going down, potentially targeting the lows from March 2020 at 0.5469.
Lastly, the USD/SEK, and the Hacolt Indicator shows a green signal on the daily timeframe, possibly indicating that the uptrend is still in favor. This indication contrasts with the current downside move in the candles. If the Hacolt Indicator gives a bearish red signal this week, we might see the price retesting the 10.80 price level. A final target might be around the 10.45 support area. Overall, the trend is still bullish though, so look out for support formation in key psychological area around 11.00.
USDSEK - BUY strategyThe Donchian channel is violated upside, and the bottom channel is shaping similar direction. Further, we have the DMI DI+ crossing above signal line showing we may see strong up move of USDSEK coming trading sessions.
Strategy BUY USDSEK 8.8700 with stop-loss below 8.5500. Profit objective 9.7500.
USDSEK: nice daily LONG oppportunityHi Traders,
This is my view on this cross for the next few days.
#USDSEK
Waiting for the price to break 8.6, which is a very important MONTHLY resistance.
As it will become support we can go long on the retest
BUY 8.6
SL 8.426
TP 8.94
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Trading Kitchen
USD/SEK: engulfing pattern Hello traders!
- NEW SUPPORT was formed
- BULLISH ENGULFING PATTERN appeared on the 11st of June
- MACD reversal
TARGET can be set in proximity of the 3 Fibonacci Levels, drawn thanks to FIBONACCI EXTENSIONS TOOL.
Please, notice that the 61.8 FIBONACCI LEVEL coincides with the RESISTANCE
Remember to put a stop loss in order to secure your capital!
Not a financial advice.
Enjoy your trade!
USD/SEK: GO LONG!USD/SEK is going through a steep downtrend which will not last forever so be ready to buy!
RSI 14 is OVERSOLD and the price seems really closed to the support line! My suggestion is to GO LONG waiting for a strong rebound which might last until either the 38.2 Fibonacci level (dotted line) or the price resistance started in the first part of May.
DO NOT FORGET to protect your capital and have a stop loss!
Not a financial advice.
Enjoy your trade!
USDSEK LONG Happy Sunday Traders! Let's get started with this week's report.
This pair is pushing down towards the Monthly Support Zone (Brown Area) that has been tested multiple times. This level of support is likely to provide some type of bounce out of this market. Because of that, this is an area that I will be looking at for possible long opportunities throughout this week.
Monthly Support Zone (9.23627-9.36713)
USD/SEK BUY SIGNAL
Hey tradomaniacs,
welcome to another free trade-plan.
Important: This is meant to be a preparation for you. As always we will have to wait for a breakout and confirmation.
Market-Buy-Order: 10,01315
Stop-Loss: 9,83750
Target 1: 10,20400
Target 2: 10,32330
Target 3: 10,44300
Stop-Loss: 750 pips
Risk: 1-2%
Risk-Reward: 2,45
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
U.S. DOLLAR / SWEDISH KRONA (USDSEK) Monthly, Weekly, DailyTrades made when the monthly, weekly and daily arrows are pointing in the same direction
are the most profitable.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is
USDSEK approaching support, potential for a bounce!
USDSEK is expected to drop to 1st support at 9.5442 where it could potentially react off and up to 1st resistance at 9.7015.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.