{"id":12635,"date":"2022-10-11T18:11:08","date_gmt":"2022-10-11T18:11:08","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12635"},"modified":"2023-05-15T18:13:17","modified_gmt":"2023-05-15T18:13:17","slug":"usdsek-on-the-most-critical-7-year-resistance","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/10\/11\/usdsek-on-the-most-critical-7-year-resistance\/","title":{"rendered":"USDSEK On the most critical 7-year Resistance"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The USDSEK pair has been rising parabolically all year due to the well-known fundamental reasons empowering the USD amidst the high inflation. The price has finally reached though a technical level that we have to consider as it has been forming long-term tops over the past 7 years.<\/p>\n<p>As you see on this 1W chart, the Resistance we are referring to is the Higher Highs trend-line that started after the April 13 2015 High. Every Higher High after that, was formed on every +0.5 Fibonacci extension (1.5, 2.5) and two weeks ago, the 3.5 Fib was reached and strongly rejected the price, again exactly on the Higher Highs trend-line.<\/p>\n<p>However since last week, the price resumed the uptrend and is again about to test that strong Resistance cluster. As long as it closes below, it remains a good long-term sell opportunity. If fundamentals continue to have their way though, then this 7 pattern will be invalidated and buying will remain the only option, in which case the 4.5 Fib will be our target.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USDSEK\/Fu6LN6qQ-USDSEK-On-the-most-critical-7-year-Resistance\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USDSEK\/Fu6LN6qQ-USDSEK-On-the-most-critical-7-year-Resistance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The USDSEK pair has been rising parabolically all year due to the well-known fundamental reasons empowering the USD amidst the high inflation. The price has finally reached though a technical level that we have to consider as it has been forming long-term tops over the past 7 years. As you see on this 1W<\/p>\n","protected":false},"author":611,"featured_media":12636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12635"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12635\/revisions"}],"predecessor-version":[{"id":12638,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12635\/revisions\/12638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12636"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}