Trading Idea: USDSEK
| Trading Signal | Buy |
| Direction | Bullish |
| Pattern | Trading in upward channel |
| Interval | 4 hours |
| Length (Candles) | 7 |
Idea Summary
Medium term USDSEK forecast is bullish. The technical analysis of the USDSEK chart in daily timeframe reveals the price is retracing up after breaking below the lower bound of upward trading channel. Most likely the price will continue rising and return back above lower bound while there is a likelihood the price may revers and start declining.
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