. Forex Pair USD/SEK - Price Forecast & Technical Analysis

Forex Pair USD/SEK – Price Forecast & Technical Analysis

03 Nov 2022

USDSEK Technical Analysis: Weekly Chart

In the weekly charts, USDSEK is trading in an up channel. USDSEK is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 11.25000 the resistance level is at 11.27000

USDSEK Index will trade in an up channel until there is a trend reversal.

USDSEK Technical Analysis: Daily Chart

In the daily charts, USDSEK is trading in an up channel. USDSEK is currently trading above all SMA except Ma (5).

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 11.23000 the resistance level is at 11.28000

USDSEK will trade in an up channel until there is a trend reversal.  

How to Trade USDSEK this Week:

USDSEK will follow the uptrend until its trend reversal. So, remain bullish on USDSEK.

TRADE SUGGESTION- BUY AT 11.26614, TAKE PROFIT AT 11.27500 AND STOP LOSS AT 11.24000