In this article, we will take a look at the Scandinavian currency pairs. We will take a look at the technical analysis perspective of the USDSEK, USDNOK, USDDKK, GBPSEK, and GBPNOK.
USDSEK is breaking above the long-term consolidation triangle by going into a daily close above the 9.1400 level. This break is opening a further upside continuation and a test of 9.2470 level.
USDNOK is bouncing off the strong uptrend channel support 8.4000 level. With a confirmed daily close above the 8.56 level we would see a test of the key upside resistance 8.6000. Wait for the confirmed daily close above the 8.5600 level to enter the long trade entries.
Bushido trading transformation program 2019No matter you are an experienced trader or a beginner, you need trading support if you are stuck into the loss, or you are not profitable and you want to give up
Bushido trading transformation program 2019
No matter you are an experienced trader or a beginner, you need trading support if you are stuck into the loss, or you are not profitable and you want to give up USDDKK is the pair that is tracking the most DXY and the USD moves in the market. It is still inside the consolidation triangle and we need to wait for a break above the 6.6000 level for the upside reversal extension.
GBPSEK is trying to break above the bullish flag in the channel. We need to see a daily close above the 12.000 level for the strong upside continuation. Rejection from here would lead to a pullback into the 11.600.
GBPNOK is in the middle of the consolidation triangle between 11.2500 and 10.8700 level. Look for a break of these levels for direction.
We have used the combination of the top-down trading analysis to get these key levels explained on the charts.