USDSEK Analysis 17.10.2019

The overall movement is upward. Bears tested the level of 50 on Fibo from the upward impulse wave (A D1). The descending (blue) pattern is truncated. Bullish Divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals that the pair is oversold. The inclined channel of the descending pattern is not broken.

Trading recommendations:

Buy as an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending pattern, completing it.

Stop loss under the local minimum.

Target levels – 9.8566; 9.9160; 9.9625.