The pair is sensitive to relative monetary policy expectations for the Federal Reserve vs. the Riksbank, Sweden's central bank. The Dollar has also acted as a safe-haven asset at times of market stress, meaning the USD/SEK exchange rate can be sensitive to swings in broad-based investor sentiment trends. Sweden is also a prolific exporter to the UK and the...
This is my outlook for USDSEK this week. I am looking at a sell since there have been two break and retests for entry and I strongly feel that it will hit -.618% on the fib.
The USD/SEK pair presents a compelling technical setup with recent price action suggesting potential downward movement. The charts reveal a double top pattern, indicating a possible trend reversal from bullish to bearish. Top 1: Approximately 10.91 Top 2: Slightly below 10.91 Neckline: Around 10.80 The double top suggests bearish reversal with a target near the...
What Is a Gap and How Can You Trade It in Forex and Cryptocurrencies? When it comes to trading, understanding gaps is pivotal for traders aiming to navigate and capitalise on market volatility. These spaces on price charts where no trading occurs are often exploited by traders looking for a quick reversal or trend continuation. This article delves into the...
The USDSEK pair hit the 0.786 Fibonacci retracement level of the previous Lower High of the long-term Channel Down and has immediately reacted with a rejection. This rejection is the ideal short-term sell entry for a 1D MA50 (blue trend-line) test, which the current Bullish Leg hasn't tested since March 21 2024. Our Target is...
4hr uptrend, 1hr demand entry into daily supply, 5:1 RR.
this looks great in this moment: -61.8% fib already tested -false bo from the descending channel bottom -old lows were also tested -PA tells me it wants to test at least the MAs
having some fun with my new tool in the markets As a seasoned trader with over a decade of experience, you possess a deep understanding of the intricate mechanisms that drive the financial markets. Your expertise lies not just in navigating these complexities, but in simplifying them for others. You're a master at distilling convoluted market trends and jargon...
The USDSEK pair followed our trading plan to perfection last time we made a sell call on it (October 06 2023, see chart below) as it completed the Head and Shoulders pattern and aggressively declined to hit our 10.4500 Target: At the moment the price is ranging within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) being Support and Resistance...
Hi Traders, Are USD.XXX pairs bullish ? This one, USD.SEK is pretty clean and gave two setups to get in a long buy. For now I think it's not finished, and probably a good time to take a trade. Let's be careful tho, this up move we just had can as well be just the begining of a bigger corrective structure, as always there is at least 2 or 3 scenarios to...
Apologies for the confusion. If you tend to use both pending orders and market orders on the 15-minute timeframe, it suggests that you use a combination of strategies depending on the market conditions. Using pending orders allows you to set specific entry and exit levels in advance, which can be useful when you anticipate price movements or want to wait for...
Another pair with some good potential for a longterm currency swap play is the Swedish Krona. I am slowly starting to buy up some of the currency for a potential dip in the pairs pricing for a longer term play. I could always invest the cash on the Stockholm exchange into the sp500 when I am done buying the currency for an even longer term play
going to start building long USDSEK positions with HTF fib confluences
Analyzing the multitimeframe on USDSEK with Pitchfork, I suspected the price action is getting ready for the bullish. But before we take it for granted, wait for the upward breakout then it is highly likely to go up.
In the current market scenario, USD/SEK is approaching pivotal high time frame (HTF) support levels, suggesting a potential area where bullish momentum might find solid ground. With the focus on these support levels, it's worthwhile to shift attention to the low time frame (LTF) for potential bullish setups. What are your thoughts on this potential USD/SEK trade...
In the current market scenario, USD/SEK is approaching pivotal high time frame (HTF) support levels, suggesting a potential area where bullish momentum might find solid ground. With the focus on these support levels, it's worthwhile to shift attention to the low time frame (LTF) for potential bullish setups. What are your thoughts on this potential USD/SEK trade...
might have jumped the gun on UJ and UCHF and was a little early to the bullish DXY party last night.. i got a decent entry on UJ just to get wicked out and then watch it hit targets.. anyway, here is a USDSEK LTF possibility