A short term traid on USD SEK. Head and Shoulder? I am long term bullish on USDSEK.
But might see a pullback soon with a head and shoulder forming + a trend line resistence.
USDSEK trade ideas
USDSEK Pull-back in September but bullish long-termWe haven't updated the USDSEK pair for over 2 months and on the long-term it still looks bullish. This chart is on the 1D time-frame, where the price reached again the 2.5 Fibonacci extension as on the July 12 High. With the 1D RSI hitting the Lower Highs trend-line twice, which is the level where all price Highs have been made since November 24 2021, it is very probable that this is the new High of the current bullish sequence.
All Highs then pulled back to at least the 1D MA50 (blue trend-line), with the Buy Zone since November 10 2021 being within the MA50 and the 1D MA100 (green trend-line). The 1D RSI has again a Zone indicating where we can buy the pair after the pull-back is completed.
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USDSEK Bullish flag break out? The USDSEK has been in a bit of a tight range lately, but it looks like there could be a breakout coming. From a 4h chart perspective, the USDSEK looks like it could break out to the upside.
Could it be possible to go up to 10,90 or more from here?
USD/SEK Long from 61.8% Fibo and Dynamic Trendline | BUYThe USD/SEK comes from a Strong Uptrend where see the price harmonically makes Swing every time higher, following the Swing Trading strategy from the manual. In The last Period, the price after a Pullback on the 61.8% Fibonacci had a strong Bullish impulse and meanwhile the stochastic it's just exited from the oversold, and the RSI already in Bullish our clues are for a new Long setup looking at the price reaching around the value $11.00
USDSEK Entry Price 10.08263 Series of lower highs formed on the H4 Time Frame Chart for currency pair USDSEK. The market is bearish.
USDSEK!A bearish corrective pattern in the form of an expanding flat.
This is a sign of more selling to follow.
Trade with care use a stop loss.
USD/SEK 14/07/2022
Weekly:
- Bullish
- Bullish Indicational Candle
Daily:
- Bullish M
4h:
- Inverse Head and Shoulders
with BOS
USDSEK BearishRetracement [Hourl] after test of historical highsShorter-term trade with high Return to Risk ratio.
Exploits tendency for market to test historical highs/lows
USDSEK BearishRetracement [Daily] after test of historical highsLonger-term bearish retracement trade after bullish parabolic fan trend lines.
Requires confirmation of failure of support of historical highs with short entry below March 2020 high.
USDSEK Still bullish long-termThe USDSEK pair had an excellent technical bounce on the 1D MA50 (blue trend-line) following our previous analysis:
As you see that was our 1st suggested buy entry, so if you took the trade you can book (partial) profits and enter on the next pull-back near the diverging Higher Lows trend-line. The long-term entry is now located on the 1D MA200 (orange trend-line). We expect the pair to test the 10.4850 COVID High by the end of August.
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USDSEK Fails To Hold Above 10.1861We have two key price action markers on the daily timeframe.
1. Price makes an attempt to trade above previous highs and it does. However, price failed to hold above and close.
2. The subsequent candle is an indication that momentum to the downside is accelerating. With the DXY looking bearish, this is a good sign that we can expect further downside.
USDSEK!We dont like the structure, but there is a probability its a rising wedge.
A reversal move that can lead to impulsive reversals.
Trade with care use a stop loss.
Why the U.S. dollar is strengtheningYellow= Support or Resistance
Green= Positive trendlines
Blue= Strong and trend effecting S/R
The analysis concern USD bound to SEK, however its a great general directional indication to USD weighing against all other.
The Analysis is about the current positive trend. Due to its already developed for some time its not in its beginning, therefore its not an obvious buy, so im neutral and HOLD at the moment, passing the orange line would say SELL, enter short, EXIT LONG. Otherwise we are currently at green trendline bottom and if passing many yellow lines (current resistances) we aim next to rebounded up until upper green trendline resistance.
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USDSEK!It looks like a bearish sideways move and it could be a reversal setup.
Wait for the drop before any entries.
Trade with care use a stop loss.
USDSEK BUY IDEA FX FTM H4Following on from todays analysis we see price action pushing through resistance and a long has been taken at 9.89522 level. Watch out for HIGH IMPACT GDP figures in the US this afternoon.
USDSEK Holds Resisted Below 10.07110The recent price action indicates that USDSEK is holding resisted above a key daily level at 10.07110.
Price made this high on March 7th of this year. On May 12th, price tried to trade above this level. However, it did not hold. I'm currently eyeing the downside potential on this pair.
USDSEK Best levels to buy.The USDSEK pair has turned parabolic in these past 12 months and is now supported by a diverging Higher Lows trend-line. The ultimate target is the 10.4850 High of the March 2020 COVID pump, but as the 1D RSI is hitting Lower High Resistances, it is best to wait and buy lower upon a pull-back.
Best levels to do so are within the 1D MA50 (blue trend-line) and the Diverging Higher Lows and if that fails, then on the 1D MA200 (orange trend-line).
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Short USDSEK into FED FOMC meetingi think FED will be dovish and i take a risk to short USD here. also Bond Yields Differentials would be a help to some extent .
USDSEK SELLThe fifth wave is over, start shorting, the beginning of the second sub-wave of the fifth wave of the first target.
