{"id":7849,"date":"2010-03-23T08:55:11","date_gmt":"2010-03-23T12:55:11","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7849"},"modified":"2010-03-23T08:55:11","modified_gmt":"2010-03-23T12:55:11","slug":"usdsek-may-go-bearish","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/23\/usdsek-may-go-bearish\/","title":{"rendered":"USD\/SEK May Go Bearish"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The USD\/SEK cross has been experiencing much bullish behavior in the  last few days. However, there is much technical data that supports a  bearish move for today. As I demonstrate below, that the USD\/SEK may  very well be heading for a reversal, and it might have the potential of  reaching towards 7.1000 in the coming days. Forex traders can take  advantage of this imminent downward movement by entering short positions  at an excellent entry price.<\/p>\n<p>\u2022\tThe technical indicators used are the  Relative Strength Index (RSI), MACD and Williams Percent Range.<\/p>\n<p>\u2022\tPoint 1: The RSI signals that the price of this pair currently  floats in the over-bought territory, indicating downward pressure.<\/p>\n<p>\u2022\tPoint 2: The MACD indicates an impending bearish cross, which may  signal a downward movement is going to occur in the near future.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Range has peaked near at the 0  marker, which means that there may actually be a strong level of  downward pressure.<\/p>\n<p><strong>USD\/SEK 8-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/USD-SEK-23-3.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/USD-SEK-23-3.JPG\" alt=\"\" width=\"472\" height=\"590\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex   Yard.<\/strong><\/a><\/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\/SEK cross has been experiencing much bullish behavior in the last few days. However, there is much technical data that supports a bearish move for today. As I demonstrate below, that the USD\/SEK may very well be heading for a reversal, and it might have the potential of reaching towards &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/23\/usdsek-may-go-bearish\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/SEK May Go Bearish&#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-7849","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7849","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=7849"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}