USD/SEK has failed at 8.7660 and has resumed its down move. Commerzbank’s longer-term outlook is bearish and targets the 200-month moving average at 7.66. The longer-term outlook for USD/SEK is bearish “The rally that we have seen so far this year was nothing more than an ‘a-b-c’ correction which has terminated well ahead of the 80.8473 55-week ma.” “The down move has already started and is expected to slide back to the 8.1242 2021 low. It is in a longer-term bearish trend and this is expected to be eroded.” “Our long-term target is for a slide to the 7.8274/7.66 band, this is the 2018 low , the 61.8% retracement of the move up from 2011 and the 200-month ma.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Global aluminium production to push higher before long – CE FX Street 2 years USD/SEK has failed at 8.7660 and has resumed its down move. Commerzbank's longer-term outlook is bearish and targets the 200-month moving average at 7.66. The longer-term outlook for USD/SEK is bearish "The rally that we have seen so far this year was nothing more than an 'a-b-c' correction which has terminated well ahead of the 80.8473 55-week ma." "The down move has already started and is expected to slide back to the 8.1242 2021 low. It is in a longer-term bearish trend and this is expected to be eroded." "Our long-term target is for a slide to the 7.8274/7.66… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
