USD/SEK Currency exchange rate forecast 13.08.2019: below its lower Bollinger band

USD/SEK Currency exchange rate forecast 13.08.2019: below its lower Bollinger band

Alternative scenario: the upside breakout of 9.6010 would call for 9.6450 and 9.6710.

Our pivot point stands at 9.6010.

Our preference: the downside prevails as long as 9.6010 is resistance.

Alternative scenario: the upside breakout of 9.6010, would call for 9.6450 and 9.6710.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 9.5694 and 9.5706). Finally, the USD/SEK has penetrated its lower Bollinger band (9.5548).

Supports and resistances:

9.6710 **

9.6450 *

9.6010 **

9.5840

9.5504 last

9.4980

9.4720 **

9.4460 *

9.4200 **

USD/SEK Currency exchange rate forecast 12.08.2019: the upside prevails as long as 9.5430 is support

USD/SEK Currency exchange rate forecast 12.08.2019: the upside prevails as long as 9.5430 is support

Alternative scenario: below 9.5430, expect 9.4990 and 9.4730.

Our pivot point is at 9.5430.

Our preference: the upside prevails as long as 9.5430 is support.

Alternative scenario: below 9.5430, expect 9.4990 and 9.4730.

Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9.5610 and 9.5516).

Supports and resistances:

9.7230 **

9.6970 *

9.6710 **

9.6450

9.5778 last

9.5600

9.5430 **

9.4990 *

9.4730 **