Forex Pair: USDSEK Price Chart, Analysis And Trading Tips

Forex Pair: USDSEK Price Chart, Analysis And Trading Tips

forex technical analysis

USDSEK Technical Analysis: Weekly Chart

In the daily 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 9.5008 & the resistance level is at 9.9606.

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

USDSEK Technical Analysis: Daily Chart

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

RSI is in the Over Bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 9.7744 & the resistance level is at 9.8787.

USDSEK was trading in the up channel before the breakout upside. 

How to Trade USDSEK this Week:

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

TRADE SUGGESTION- BUY AT 9.8354, TAKE PROFIT AT 9.8787 AND STOP LOSS AT 9.7744

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