USDSEK Fails To Hold Above 10.1861
We have two key price action markers on the daily timeframe.
1. Price makes an attempt to trade above previous highs and it does. However, price failed to hold above and close.
2. The subsequent candle is an indication that momentum to the downside is accelerating. With the DXY looking bearish, this is a good sign that we can expect further downside.
1. Price makes an attempt to trade above previous highs and it does. However, price failed to hold above and close.
2. The subsequent candle is an indication that momentum to the downside is accelerating. With the DXY looking bearish, this is a good sign that we can expect further downside.
Note
Here's the hourly price action:It doesn't look as clean now, but price was indeed looking to breach the neckline just a few minutes earlier.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.