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USD/SEK

USDSEK
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9.898
+0.094+0.96%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
M
D

Today

+0.96%

5 Days

+0.78%

1 Month

-1.04%

6 Months

+6.78%

Year to Date

+7.52%

1 Year

+3.96%

Key Data Points

Opening Price

9.805

Previous Closing Price

9.804
Price Range of the Day
9.7789.931
52-Week Price Range
8.73710.106

USD/SEK Trading Strategy

Intraday
Short Term
The upside prevails as long as 9.8542 is support, with 9.9102 and 9.9236 as targets

Trading Strategy

The upside prevails as long as 9.8542 is support, with 9.9102 and 9.9236 as targets

Alternative scenario

below 9.8542, expect 9.8316 and 9.8182.

Comment

The upside prevails as long as 9.8542 is support, with 9.9102 and 9.9236 as targets

Fri, Nov 6
Source: Trading Central(Reference Only)
Swedish Krona: Riksbank path shifts focus to February – Commerzbank

Antje Praefcke at Commerzbank reports that the Riksbank raised its policy rate from 1.75% to 2.00% as expected and remains in restrictive mode, but the statement weakens the case for a December hike.

FxstreetThu, Nov 5
Swedish Krona: Riksbank hikes support SEK – Societe Generale

Societe Generale notes the Riksbank’s 25bp hike to 2.0% and guidance for further tightening, keeping policy accommodative versus neutral. Updated projections imply more hikes through 2028, narrowing the differential with the ECB.

FxstreetWed, Nov 4
Swedish Krona: Riksbank support for SEK against Euro – ING

ING’s Francesco Pesole highlights that EUR/SEK has fallen about 1.8% from its early-October high, helped by French fiscal concerns and prior short-term overvaluation. The pair is now seen as fairly valued, unlike cheap EUR/USD. With the Riksbank signalling readiness to hike in November and ECB expectations repriced dovishly, ING’s one-month EUR/SEK target is 11.15, with risks skewed to further downside.

FxstreetWed, Oct 14
Swedish Krona: Riksbank outlook supports SEK against Euro – Rabobank

Rabobank's Senior FX Strategist Jane Foley discusses EUR/SEK, noting Sweden’s resilient economy, stronger-than-expected GDP and a hawkish shift at the Riksbank.

FxstreetMon, Oct 12
Swedish Krona: Riksbank tightening supports SEK against US Dollar - BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes USD/SEK is firmer on broad US Dollar (USD) strength, while Sweden’s September Consumer Price Index (CPI) data were mixed.

FxstreetWed, Oct 7
Swedish Krona: Technical setup points to further weakness – Societe Generale

Societe Generale notes USD/SEK broke out of a large base in September, extending its rebound and recently posting an interim high near 10.10 before a brief pullback.

FxstreetWed, Oct 7

Indicators

The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.

This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.

Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.

1m
5m
15m
30m
1h
2h
4h
D
W
M
1m
5m
15m
D
Buy
Sell(2)
Neutral(2)
Buy(9)
Indicators
Sell(2)
Neutral(2)
Buy(3)
Indicators
Value
Direction
MACD(12,26,9)
-0.029
Sell
RSI(14)
53.139
Neutral
STOCH(KDJ)(9,3,3)
51.196
Buy
ATR(14)
0.085
High Vlolatility
CCI(14)
12.877
Neutral
Williams %R
27.046
Buy
TRIX(12,20)
-0.043
Sell
StochRSI(14)
100.000
Buy
Moving Average
Sell(0)
Neutral(0)
Buy(6)
Indicators
Value
Direction
MA5
9.802
Buy
MA10
9.845
Buy
MA20
9.891
Buy
MA50
9.843
Buy
MA100
9.723
Buy
MA200
9.487
Buy

About USD/SEK

USDSEK refers to the exchange rate between the US Dollar (USD) and the Swedish Krona (SEK). This currency pair is significant for investors and businesses engaged in trade between the United States and Sweden. The value of USDSEK is influenced by various factors, including economic indicators from both countries, interest rate policies, inflation rates, and broader geopolitical developments. Sweden's strong economy, characterized by a robust export sector and a stable financial system, makes USDSEK an important indicator for understanding economic trends in the Nordic region.

Can individuals invest in the USD/SEK exchange rate?

Yes, individuals can invest in the USD/SEK exchange rate through the foreign exchange market. This can be done by trading currency pairs through forex brokers, using contracts for difference (CFDs), or by purchasing currency futures and options. However, forex trading carries risks and is not suitable for all investors.

How is the USD/SEK exchange rate determined?

The USD/SEK exchange rate is determined by the foreign exchange market, which is a global decentralized market where currencies are traded. The rate is influenced by various factors, including economic indicators, interest rates, political stability, and market sentiment.

What role does Sweden's economy play in USDSEK fluctuations?

Sweden's economic performance, including key indicators like industrial production, export levels, and consumer confidence, can influence the value of the SEK. Strong economic data typically leads to a stronger SEK against the USD.

Is USDSEK (USDSEK) a safe investment?

No investment is completely risk-free. The risk level of USDSEK (USDSEK) depends on its underlying assets, strategy, liquidity, fees, and market conditions. Diversification may reduce potential losses but cannot eliminate them, and past performance does not guarantee future results. Before investing, consider whether the fund aligns with your goals and risk tolerance. This is not investment advice.

USD/SEK

9.898
+0.094+0.96%
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