#021: Long Investment Opportunity on USD/SEK
In recent days, the USD/SEK exchange rate has shown a trend consistent with the global dollar's strengthening momentum. While the euro has remained in a relatively compressed range, peripheral currencies such as the Swedish krona have lost ground more rapidly, amplifying the movements. Hello, I'm
Related currencies
USDSEK: Trend ContinuationUSDSEK is one of the latest pairs to break below a key daily level. Here's my analysis on both the daily and intraday timeframes.
Daily Timeframe:
EMA20 is below EMA60, which indicates that this is a downtrend.
Price crossed below the horizontal trend line (HTL) and then a bullish bar formed
USDSEK: Trend ContinuationUSDSEK looks to resume its downtrend. This is observable based on the daily and 1-hour timeframe confluence.
Daily Timeframe:
Starting on the daily timeframe, EMA20 rests below EMA60, with price hovering below EMA20. This indicates that the overall trend is down.
In addition, price recently mad
Lower Time-Frames on USD/SEKIn the analysis of the USD/SEK pair on lower time-frames, there is a potential for a selling movement.
Although the pair has experienced several periods of consolidation and an extended bullish trend, there is a possibility of a downside correction, associated with the context of U.S. monetary poli
Bullish Case for USD/SEK: A Technical PerspectiveOANDA:USDSEK showing strong reversal from key support at 9.60 level after major breakdown. Currently consolidating in the 9.60-9.70 zone with positive momentum building on multiple timeframes. This could be the start of a significant recovery after the sharp decline from 11.00 resistance. #Forex #U
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of SEKUSD is 0.1066 USD — it has increased by 0.28% in the past 24 hours. See more of SEKUSD rate dynamics on the detailed chart.
The value of the SEKUSD pair is quoted as 1 SEK per x USD. For example, if the pair is trading at 1.50, it means it takes 1.5 USD to buy 1 SEK.
The term volatility describes the risk related to the changes in an asset's value. SEKUSD has the volatility rating of 0.75%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The SEKUSD showed a 1.04% rise over the past week, the month change is a 2.40% rise, and over the last year it has increased by 11.04%. Track live rate changes on the SEKUSD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade SEKUSD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with SEKUSD technical analysis. The technical rating for the pair is strong buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the SEKUSD shows the buy signal, and 1 month rating is buy. See more of SEKUSD technicals for a more comprehensive analysis.