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SWEDISH KRONA / U.S. DOLLAR

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SEKUSD trade ideas

USDSEK - Upbeat sentimentUSDSEK (1H) - short term bullish bias The US dollar maintains its way up across the board ahead of today's jobs report. After bouncing off the psychological support level of 9.3000, the greenback has been climbing higher and breaking through resistance. Sentiment remains upbeat as the moving averages and the trend line provide a strong incentive to go with the uptrend. Volatility from the non-farm payrolls may test buyers' commitment as the RSI is pointing to an over-extension. But as long as the support lines stay in place, we would expect an extended rally. Key support: 9.4700 Key resistance: 9.5400
Long
by INFINOX_Capital
USDSEK: Pressure by the MA50. Buy opportunity lower.USDSEK had a strong enough rebound on the July 19, 2019 Support, managing to turn 1D bullish again (RSI = 55.827, ADX = 26.453, Highs/Lows = 0.0481) since November. We are expecting this bounce to accumulate more buyers in the process aiming at the 9.7000 Symmetrical Resistance. Conservative traders may enter a little lower as a pull back is very much possible if the 1D MA50 (blue line) holds. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
USDSEK Bearish Tendency towards ~9.11 The market is consistently below the 200, 50, and 20-Day EMA, the weekly upward trend since JAN2018 broken around 20 November 2019, since then consistent bearish movement. Around 9.44300 strong resistance upwards, if broken to ~9.50 and beyond, bullish reversal quite likely. Otherwise anticipate continuous bearish trend with supports at ~9.34500, ~9.25500, and ~9.11500 with upward spikes along the way. Bounce-back from 9.34 zone still a possibility, given the strong fundamentals of USD in general. The Abyss-Scenario could be bearish until ~8.70, then recovery.
by UnknownUnicorn6223423
USDSEK potential reversal! USDSEK expected to rise up to 1st resistance at 9.49144 where it could potentially react off and drop down to 1st support at 9.32237. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
USDSEK potential reversal! USDSEK expected to rise up to 1st resistance at 9.49144 where it could potentially react off and drop down to 1st support at 9.32237. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
USDSEK - Weak kneesUSDSEK (1H) - intraday bearish bias The greenback struggled to keep its lead after rising above the resistance level of 9.4280. The price has fallen back to test the major support of 9.3850. The bearish RSI divergence where the indicator failed to achieve a higher high despite a bullish price action foreshadows a deceleration in the upward momentum. If the US dollar cannot get back above 9.4220 we would expect the mood to turn sour and the pair could break below 9.3850 and resume its downtrend. Key support: 9.3850 Key resistance: 9.4220
Short
by INFINOX_Capital