There is a 3 bar reversal pattern in the monthly chart with oversold stochastics. For long term traders look to buy after the close of this month IF and ONLY IF November candlestick closes as a B ull bar . weekly chart is pretty strong too, look to buy with any correction in the 4 Hour chart. for day traders, trick is to buy only after a candlestick closes...
The SEK has weakened sharply on Brexit and housing market concerns. However, valuations and growth are supportive for the SEK medium term.Positioning and technicals suggest this is a good time to buy SEK. Entry level: 9.5960 Target: 9.3000 Stop-loss: 9.7600
Hello Traders, Here we have a nice short set up for USDSEK. I'd look for a short in the vicinity of the red box which would give us 5'. Regardless of 5' hitting or not my target is still set on 8.11510 because there is such little difference between point 1 and 4. Pay attention to the formation in the RSI, notice how a similar structure is formed. Rule: Geo's...
possible long opportunity, awaiting MACD and VI confirmation for entry.
This is a potentially nice long term position trade setup. Once this pair closes and forms a low above 8.50, it will be extremely likely to see continuation to eventually reach the target on chart or even higher. Fundamentals for Sweden are not looking good currently, and the yield in this pair might be a big driver for this uptrend. Pairing the Swedish Krona with...
Hello there! SEK is the component of Dollar index (DXY) and has similar chart. It is good to buy on break of white resistance line. Best!
USDSEK is in a huge sideways range. Looking a potential decisive break downside before taking a short position.
I've been looking to this chart for a long time now, and we may find a good risk/reward short entry on that currency. On the right ---------------- SEK is now very close to bounce at least on monthly support. On the left -------------- Between EUR/SEK and USD/SEK, I prefer USD/SEK where we can find a good short entry in the following days. *** Short from...