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USDSEK 13 Mar 2024

USDSEK 13 Mar 2024 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.

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