USDSEK TECHNICAL ANALYSIS & FOREX FORECAST

Technical Analysis

USDSEK Technical Analysis: Weekly Chart

In the weekly charts, USDSEK is trading in an up channel.

It is trading above all SMA.

The immediate support is 9.1784 & the resistance level is at 9.3590.

USDSEK is trading in the up channel until there is trend reversal.

USDSEK Technical Analysis: Daily Chart

In the daily charts, USDSEK is trading in a down channel.

It is trading above 100 days SMA & below 20 and 50 days SMA.

The immediate support is 9.2407 & the resistance level is 9.3702.

USDSEK is trading in the down channel until there is trend reversal . 

How to Trade USDSEK this Week:

USDSEK will follow the downtrend until their trend reversal. So, remain bearish on USDSEK.

TRADE SUGGESTION- SELL AT 9.3131, TAKE PROFIT AT 9.2407 AND STOP LOSS AT 9.3702

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