Sell USDSEK Now!Hi traders,
Earlier today we sold USDSEK and believe it can drop for more than 700 pips from current levels.
Updates to follow, trade safe!
SEKUSD trade ideas
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.
$USDSEK reached its retraction levels of 0.5 fib. I published this idea last September and now looks like I might get right. The 9.15 level is reached which is exactly 0.5 fib level. Pretty similar with what was observed between 2014 and 2018.
Hopefully another trend upwards is coming in.
Please use SL or hedge and do your own research.
Simple naked chart setupPinbar near resistance in strong trend.
Entry on retrace @ 12H.
Entry: 9,3068
Stop: 9,3855
Target: 9,0707
USDSEK LOOKING WEAKUSDSEK has broken out of a multi-year upward bullish channel. The US Dollar could continue to lose value in the near future, and the US Economy is worse than ever. Right now, it makes sense that the US Dollar will continue to lose value in the near future. I would not hold dollars right now.... Seems like a the SEK or EURO is destined to outperform the US Dollars in the near future.
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!
USDSEKWeekly/Daily/H4/H2/H1: Price is in a downtrend direction and currently approaching a support level which is also a key zone.
30m: In the lower time starting from 30m to 5m I can see price is holding 9.4300 level in a consolidation form and it is forming a triangle wedge in the next few days."
Scenario A: Price could continue to drop until 9.31000
Scenario B: Price might hold the current level 9.43000 in a consolidation form and decide either direction
Scenario C: It could target 9.55600 level and then retrace back to 9.43000 which if it holds again it could rally upward with a possible stop @ 9.67500 and second target @ 9.83100/9.88300. However, if it breaks to the downside, then I think scenario A is the best option.
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)
USDSEK is close to 6-Months Low!It will be a nice buy possibility near the 6-Months Low.
We should look for an entry point in the younger timeframe.
The false breakout is the best pattern for open trade.
Dear followers, the best "Thank you" will be your likes and comments!
Before to trade my ideas make your own analysis.
Thanks for your support!
UPDATE!! USDSEK the last leg 🦐USDSEK creates the last impulse wave according to FLAT correction (Elliot's wave).
You can see the old call on the chart! Don't miss our signals!
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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.
USDSEK the fifth wave inside a Flat CorrectionUSDSEK creates the fifth wave inside a Flat Correction (Elliot's wave)
It's a second signal about this pair, you can increase your short position or open a new one, According with plancton's strategy.
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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.
USDSEKDigging into analyzing 2 hour USDSEK chart, the market closed at an exchange of 9.66286, crossing its support level of 9.66985 (Fib 78.6%). With Aroon (14 period) indicating further downturn and the current support levels probably becoming the new resistance, the exchange rate might dip to 9.64685 (Fib 61.8%) and recover from this point. Analyzing the 1 hour, 3 hour and 2 hour chart, they are all in support of further downturn in the exchange. I am looking into a price range of between 9.7 and 9.65 as my resistance and support levels.
