{"id":11081,"date":"2010-07-14T08:20:25","date_gmt":"2010-07-14T12:20:25","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=11081"},"modified":"2010-07-14T08:20:25","modified_gmt":"2010-07-14T12:20:25","slug":"usdsek-reversal-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/07\/14\/usdsek-reversal-in-the-making\/","title":{"rendered":"USD\/SEK Reversal in the Making"},"content":{"rendered":"<p><strong>By Anton Eljwizat <\/strong>&#8211; The USD has dropped significantly versus the SEK in the past several  days, and it is currently traded around 7.4070. And now as evident in  the data below, the daily chart is giving bullish signals, indicating  that USD\/SEK pair might go up. Forex traders can take advantage of this  impending movement by having their Entry Orders in place to capture this  reversal.<\/p>\n<p>\u2022 Below is the daily chart of the  USD\/SEK currency pair.<\/p>\n<p>\u2022 The technical indicators that are used are the William Percent  Range, Relative Strength Index (RSI), and Slow Stochastic.<\/p>\n<p>\u2022 Point 1: The Slow Stochastic indicates a bullish cross, signaling  that the next move may be in an upward direction.<\/p>\n<p>\u2022 Point 2: Point 1: The Relative Strength Index (RSI) indicates that  the price of this cross currently floats in the oversold territory,  signaling upward pressure.<\/p>\n<p>\u2022 Point 3: The Williams Percent Ranges is showing that this pair is  heavily over-sold and may be experiencing strong upward pressure.<\/p>\n<p>USD\/SEK Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/USD-SEK-14-7.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/07\/USD-SEK-14-7.JPG\" alt=\"\" width=\"446\" height=\"585\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                          Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                          may not be suitable for all investors. There is  a              possibility      that     you   could sustain a loss of  all   of    your         investment and      therefore  you     should   not    invest   money  that   you      cannot afford to      lose. You    should    be      aware of   all   the    risks   associated with     Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The USD has dropped significantly versus the SEK in the past several days, and it is currently traded around 7.4070. And now as evident in the data below, the daily chart is giving bullish signals, indicating that USD\/SEK pair might go up. Forex traders can take advantage of this impending movement &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/07\/14\/usdsek-reversal-in-the-making\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/SEK Reversal in the Making&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-11081","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=11081"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/11081\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=11081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=11081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=11081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}