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USDSEK analysis

22.02.2021

Market Review

USDSEK

The price pivot zone of 8.2518 held back sellers. The descending pattern of the H8 level is truncated. A bullish divergence has formed on Awesome Oscillator.

USDSEK rate online: monitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed, where wave (A) breaks through the pivot 2 of the wave C of a descending truncated pattern (8.2970).

Stop Loss: 8.2518.

Target levels: 8.4288; 8.5606.

Author: GC
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