USDSEK: Possible reversal around 10.7USDSEK is likely to pull back if the pair moves higher near 10.72. As long as USDSEK trades below 10.818, the outlook remains bearish within the first half of 2023.
Resistance zone = 10.726, 10.748 and 10.818
USDSEK trade ideas
USDSEK: Elliott wave triangle is pointing down Despite some slow down of inflation in Sweden, this one looks to be ready to break down from a triangle soon. If FED dissapoints to bring more hawks after US PCI miss last week, I think this one can easily break down into a fifth wave.
LOOKING TO GO SHORT ON USDSEKWe can see price came down impulsively and begins to range, (bear flag formation), will look for an entry on the third touch on the resistance of the flag for short
USD SEKThe analysis shows that a 3-wave correction is forming
We will explain better in the analysis update in daily time up to 4 hours
USDSEK Price forecastingUSDSEK price action has completed two touches on a potential expanding formation whilst forming a structure within in the form of an ascending channel. The potential third touch on the ascending aligns with the potential third touch on he outer expanding structure..Will be watching price action closely for potential shorts .
USD Forex Market analysis From Jrow Instock Trader !!The trend of The USD in heavy relation to USD Economy's Strength and direction.
Forex Currency pairs: USDCAD, USDJPY, USDDKK, USDSEK Follow the lead of the DXY; U.S. Dollar Currency Index
The USD has Been In a Bearish Trend Since September 28th, 2022.
The floor of this trend has not been yet identified and confirmed with high timeframe rejections.
TVC:DXY
USDSEK: Bearish ABCD Visible on the MonthlyThis ABCD could be looked at as a bit of a double top too but i would target the C level for both in this short.
USDSEK - Let's sit & wait...USDSEK - Let's sit & wait...
Most favourite plan to do on the weekend is my weekend analysis. The market is close, going through higher TF, getting into the zone and ready to crush another week of trading!
USDSEK - Another trading pair I occasionally trade. I feel the behaviour of SEK is very interesting, i'd say I do trade relatively small on this pair but the risk/rewards are great. For now we are waiting for a break to either direction and this is a similar theme on all FX pairs I am looking at. When the market are these conditions I usually add alerts and perhaps limit orders.
Key Tip: Don't forget to follow your trade plan and if you don't have one MAKE ONE!
Trade Journal
Trend Analysis from Instock For Instock By Instock and for traders to get Familiar with Identifyng Market Trends.
short entryBearish
1.bearish trend
2.descending trend line as resistance
3.Broke major support
4.Bearish engulfing
USDSEK BULLISH REVERSAL WEDGE PATTERNUSDSEK Bullish Reversal Wedge Pattern formation. Entry on basis of breakage.
USDSEK bullish continuationHere we have a great zone in the RSI for accumulation of the long position. The blue box on the RSI has held since May 2021. Not fading this move yet. I predict bullish continuation for this chart. Perhaps the price will fall below support, but until we see a bearish regime change on the RSI, this trend continues.
NFP !!!!!!!DXY WEEKLY breakdown, daily, 4h, and trades on the 1 hour and 30,15 minute time frames. London session and with the NFP news release.
long entryseries of HH and HL
formation of Bullish harami candle
indicates a new HL with a long entry
usdsek usdsek is going on taking support trendline now it get reject from its previous and ath high so lets seeeeeee
USDSEKThe market is creating LH and LL. Also the market is in a bearish trend with respect to daily timeframe.
Intelligent Trading Academy - USDSEK FX FTM H4 SELLFrom recent analysis we are seeing further weakness. We have HIGH IMPACT inflation data out in the US at 1:30pm today so expect extra volatility.
US OPEN Live trading with Jrowbee!! (Instock,CEO)news realease PPI : .0.4 Today is my first active trad on US open EST with the new release being on our bias using it for our confluence.
USDSEK On the most critical 7-year ResistanceThe USDSEK pair has been rising parabolically all year due to the well-known fundamental reasons empowering the USD amidst the high inflation. The price has finally reached though a technical level that we have to consider as it has been forming long-term tops over the past 7 years.
As you see on this 1W chart, the Resistance we are referring to is the Higher Highs trend-line that started after the April 13 2015 High. Every Higher High after that, was formed on every +0.5 Fibonacci extension (1.5, 2.5) and two weeks ago, the 3.5 Fib was reached and strongly rejected the price, again exactly on the Higher Highs trend-line.
However since last week, the price resumed the uptrend and is again about to test that strong Resistance cluster. As long as it closes below, it remains a good long-term sell opportunity. If fundamentals continue to have their way though, then this 7 pattern will be invalidated and buying will remain the only option, in which case the 4.5 Fib will be our target.
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Live market outlook form Jrow himself Live market outlook for the DXY and confluence pairs like USDSEK and USDDKK.
