We 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
USDSEK 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 .
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
This 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... 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...
For Instock By Instock and for traders to get Familiar with Identifyng Market Trends.
USDSEK Target Price 10.53910. Buy Limit Entry At 10.42160.
Bearish 1.bearish trend 2.descending trend line as resistance 3.Broke major support 4.Bearish engulfing
Looking for sells on USDSEK. Hopefully USD news does not cause an issue.
USDSEK Bullish Reversal Wedge Pattern formation. Entry on basis of breakage.
Here 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.
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.
series of HH and HL formation of Bullish harami candle indicates a new HL with a long entry
The market is creating LH and LL. Also the market is in a bearish trend with respect to daily timeframe.
From 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.
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.