USDSEK on the daily timeframe. The pair is below the kumo cloud on the ichimoku indicator after being bearish last week. However, the pair now appears to be in a bullish trend which may bring the pair back up through the kumo cloud. Although the pair is now only at a price position of 10.23304, but referring to the stochastic indicator which also shows a rising chart, it is possible that the pair will continue to climb. Therefore go-long could be an option for traders. But if the opposite is the case, the pair fails to rally and turns bearish again, then go-short is an option. Stay alert for volatile market movements.
Read more our Technical analysis :
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