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U.S. Dollar / Swedish Krona

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USDSEK trade ideas

Swedish krona continues to sufferThe US dollar has risen again against the Swedish krona, testing the 9.9 level during the day. We are well above the 50 day EMA, and now threatening to make a fresh, new high again. Ultimately, this means that the market will probably go looking towards the 10 SEK level, an area that will of course attract a lot of attention as it is such a large, round, psychologically significant figure. That being said, the fact that the Monday candle is closing so strong suggests that we are going to get that follow-through. With the US dollar strengthening the way it is, that could be a very “risk off” signal, showing signs of the market becoming concerned about riskier currency such as the Krona. The 9.80 SEK level underneath should be support, and at this point the uptrend is showing no signs of letting up. That being said, the 10 SEK level is an area where I would expect a huge pushback, as it is a large, round, psychologically significant figure and of course an area that the market has seen. If we were to turn on a break down below the 9.80 SEK level, then the market probably goes looking towards the 50 day EMA underneath, closer to the 9.70 level. That being the case, it’s most likely a market that you are waiting to buy instead of trying to sell into that move. After all, the trend would still be very bullish, so trying to fight it would make any sense. It is not until the daily candle stick closes below the 9.6 SEK level that the trend would be threatened. Until then, it’s simply a matter of buying dips as they come along but based upon the Monday candle stick, we may not even get a chance.
Long
by Forex4you
USDSEK ShortThe USDSEK is comming down from its highest reading in 17 years. On Daily we have a pinbar followed by doji and then a clear bearish bar. On Daily the RSI is just about to cross the MA9 also. On 4h we have a decending triangle into support. Loss of momentum, the very high reading it is coming down from and the structure suggest a break of the support - but still confirmation is needed. The target should be around previous structure meeting the MA100 at around 9.75000
Short
by Sejdr
USDSEK ShortSold USDSEK on the 2h after the break of a triple top at a supply level. (2h is usually the lowest timeframe I will trade on) If you haven't noticed already - my method is simple - wait for price to get to a major supply or demand area and then wait for it to form a pattern and break the pattern to confirm my entry. Funny enough, the entry is the LEAST important part of my trading. It's taken me 3 years to realize that managing my risk and my money is the MOST important part. Anyway, let's see how it goes!
Short
by YoungFinance1
1
USDSEK Breakout Loses Steam after All Time New Highs.Like what I am seeing here on USDSEK. We broke out above into all time new highs, however the momentum did not continue. You can see we fialed to make another higher low. There was a battle between the bears and the bulls at the 9.8600 zone. @ hour chart shows the level better: We have had a nice break and close below this support level, and am targeting 9.7625 zone below. Some nice confluences. Showing exhaustion, at a major level (break out/resistance zone) and a nice strong red candle break. The USDNOK is also showing an interesting set up too. Just awaiting the break:
Short
by Uncharted-FX
Sweden: Let's drop ancient history from school curriculumHello, in Sweden, unsurprisingly, they are getting to the "book burning" step. They want to replace their history with their political agenda thing: in favor of gender roles & postmodernism. I think this is not the first time it was proposed thought, but they are testing it each time, and getting closer to passing this law/act. Source: www.rt.com Pretty clear what is going on here. One would have to be blind to not see they are going full insane just like every other socialist dictatorships including the NAZIs they hate so much. Lmao what idiot would still argue "everything is fine". Literally burning books and rewritting history. What's next? Gulag death camps for "those evil white skinned blonde haired right wingers"? This IS the next step you know... Always has been always will be. We'd have to look at other socialist countries. Now the NAZI GNP went way up after 1932, but they were a mix of far right and far left. The book burning did not stop the growth. I think it is possible not likely but possible the swedes pump their stock market. Make sure there can be no infinite loss. All socialist/communist "book burning" places went way down. Now going to get into it here, an idea is too small to make an in depth analysis, but it would be necessary. Before shorting & holding OR simply to build your bias for short term trades (all short preferably & then run your winner as long as possible). The global "economy", the world stock markets have a long way down to go. In 2000 & 2008 the FED kept cutting rates, but they weren't negative or close to that like now. When the bond market bubble implodes the FED will be powerless. Yields are negative. It's literally a ponzi. Or call it a greater fool game. You lose money for holding bonds. Only hope is price go up as bigger idiots buy after you. If they keep cutting like -5% people just get 5% a damn year for taking money. I don't see how this cannot end up like Zimbabwe or 1920s Germany. All I see is a great reset, they HAVE to let it all crash, and hope it slowly recovers... Tensions especially in the US and UK will get worse... More gilets jaunes too, more terrorism, all that stuff. Here is what is possible, this is much after the big fall of the soviet union, so it's not "that bad". It sure isn't the worse that can happen. I'd like to show what happened to the soviet union: East europe after 1990 got known as "the third world poor people place". Absolute RUIN. Mind you, the soviet union had oil, loads of it. And its not like the price crashed in the early 90s, actually went up. So they were still able to sell their oil at high prices and cushion the fall. 40 YEARS! Venezuela has oil too. Cambodge did not. North Korea don't have Oil. And they returned to the middle ages. Zimbabwe had no oil. Absolute ruin, nothing left. Heard how poor east germany was? Keep in mind they had russia helping them out and when russia crashed, they had west germany. Sweden has no oil... And no Oil country sending it money & goods. It's going to be biblical.
Short
by MrRenev
1
USDSEK - Bullish canvasUSDSEK (W) - Long term bullish bias The break of the 9.44 resistance on the weekly chart has triggered a broader rally as the US dollar gained strength across the board. The price is heading towards the psychological level of 10.00 which coincides with the upper band of the channel from last January. However, the bullish trend will stay intact as long as the lower band offers support in case of a pull back. Key support: 9.50/9.25 Key resistance: 10.00/10.31
Long
by INFINOX_Capital