SEKUSD trade ideas
USDSEK 4hr pullback longAs USD starts to bounce today, I'll be looking for some trades to long USD
but not to short EURUSD and AUDUSD as they broke their inside week to the upside.
Therefore, turning back to some minor pairs is also not a bad idea.
Here we got this USDSEK 4hr harmonic patterns and 4hr demand combination.
I'll be willing to take this long!
Let's see how it goes yo!
Potential Continuation Head & Shoulders Pattern setting up!Potential Continuation Head & Shoulders Pattern (yet to be completed) setting up on USDSEK 4 hour chart.
Sweden deflation incomingHere are some of the deflationary causes.
- Swedish corona handling
- Unopened theme parks
- Mass firings on the way (less spending)
- Swedes can't travel and spend
due to fear of the fake virus
- interest rate increased 2020
- bombings and rapes create fear
(deflationary)
- housing sales on market
increased 28% compared to
year ealier. A housing crash is
deflationary
- Swedish krona internationally
regarded a safe haven during
bad times globally (deflationary)
- Cash free society in sweden
generated no free market
(black market), and stops money
velocity from increasing
(deflationary)
See my video on the topic if interested...
in English: www.youtube.com
(or in Swedish: www.youtube.com )
USDSEK H1The dollar sagged significantly against the Swedish Krona. This was affected by the restoration of oil prices and the unstable situation in the United States. Sweden, in turn, refused to impose quarantine in its own country and left the economy in operation. What made it possible to keep the currency at a high level. But there is a limit to everything. The USSDEC currency pair is at a strong support level and is likely to go to correction.
USDSEK H1The dollar sagged significantly against the Swedish Krona. This was affected by the restoration of oil prices and the unstable situation in the United States. Sweden, in turn, refused to impose quarantine in its own country and left the economy in operation. What made it possible to keep the currency at a high level. But there is a limit to everything. The USSDEC currency pair is at a strong support level and is likely to go to correction.
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!
