USD SEK

USDSEK Currency pair flag

Latest USD SEK Analysis

G10 FX Monthly Candlesticks June 2019

Summary of the June monthly candlestick, along with trending & momentum developments across G-10 FX and implications for months ahead.

EURUSD

  • Monthly Candle: Strong bull candle with close above April & May highs. Large body shows strong sentiment.
    • Implication: Trimming losses after April/May show indecision through long legged Doji and Spinning Top patterns. Confirms a pause in the ongoing 2018 decline.
  • Trending: 12 month MA @ 1.1364, continues to fall.
  • Momentum: RSI (9) @ 42. Stochastics (10-6-3) positively aligned, rising out of oversold.
  • YTD Return: -2.78%
EURUSD Chart June 2019

GBPUSD

  • Monthly Candle: Spinning top formation in June after May’s large body selloff.
    • Implication: Market pauses and downside momentum fades after it stages a strong bear move.
  • Trending: 12 month MA @ 1.2885, continues to fall.
  • Momentum: RSI (9) @ 36. Stochastics (10-6-3) negatively aligned, falling towards oversold.  
  • YTD Return:  -1.51%
GBPUSD Chart June 2019

USDCHF

  • Monthly Candle: Long bear body in June after May’s Marubozu Shaven Bottom. Prices close at its lowest since September 2018.
    • Implication: Bearish pressures continued in June. Market rejects Jan low and suggests bulls still alive.
  • Trending: 12 month MA @ 0.9924, flat.
  • Momentum: RSI (9) @ 49. Stochastics (10-6-3) negatively aligned, falling towards neutral.
  • YTD Return: +1.72%
USDCHF Chart June 2019

NZDUSD

  • Monthly Candle: Bullish Marubozu candle closing above May’s high. Market continues to hold key psychological figure of 0.65.
    • Implication: Bulls take control as market tries to approach 2018 lows, stalling the overall negative bias.
  • Trending: 12 month MA @ 0.6704, continues to fall.
  • Momentum: RSI (9) @ 44. Stochastics (10-6-3) negatively aligned, flat and neutral.
  • YTD Return: -1.45%
NZDUSD Chart June 2019

AUDUSD

  • Monthly Candle: Bullish Hammer Candle, however, body about the same size of shadow. Prices stall at the 23.6% fibo at 0.6829 of the 2019 rally.
    • Implication: Market halts further declines after April/May weakening. Large shadow suggests strong bull interest at lower levels.
  • Trending: 12 month MA @ 0.7166, continues to fall.
  • Momentum: RSI (9) @ 38. Stochastics (10-6-3) positively aligned, flat and neutral.
  • YTD Return: -1.31%
AUDUSD Chart June 2019

USDJPY

  • Monthly Candle: Doji candle in June after May’s bearish Marubozu Shaven Bottom. June touches lowest since Jan flash crash at 106.78.
    • Implication: Indecision candle stalls losses. Market generally balance but bears have some control over bulls.
  • Trending: 12 month MA @ 110.64, begins to turn lower.
  • Momentum: RSI (9) @ 41. Stochastics (10-6-3) negatively aligned, falling through neutral.
  • YTD Return: -2.42%
USDJPY Chart June 2019

USDCAD

  • Monthly Candle: Large negative Marubozu candle. Closes at its lowest since October 2018.
    • Implication: Recent rally in danger as sellers take control of the market and hold onto key close. They keep the sideways picture intact.
  • Trending: 12 month MA @ 1.3229, flat.
  • Momentum: RSI (9) @ 48. Stochastics (10-6-3) negatively aligned, falling towards neutral.
  • YTD Return: -0.03%
USDCAD Chart June 2019

USDNOK

  • Monthly Candle: Large negative candle in June. First losing month since January.
    • Implication: Multiple failures of a close above resistance c.8.80 causes sellers to attack and keep pair from breaking out of long term range.
  • Trending: 12 month MA @ 8.5205, continues to rise.
  • Momentum: RSI (9) @ 55. Stochastics (10-6-3) negatively aligned, falls out of overbought.
  • YTD Return: -1.74%
USDNOK Chart June 2019

USDSEK

  • Monthly Candle: Negative candle in June after May’s Gravestone Doji. First losing month since January-similar to USDNOK.
    • Implication: Buyers lose control after failing multiple time to close above 9.50. For now, reversal pattern take steam out of the 1 and a half year bull run.
  • Trending: 12 month MA @ 9.1918, continues to rise.
  • Momentum: RSI (9) @ 60. Stochastics (10-6-3) negatively aligned, falls out of overbought.
  • YTD Return: +10.77%
USDSEK Chart June 2019

DXY

  • Monthly Candle: Long bear candle. Buyers struggled to push prices above the open. Market fails at 61.8% fib level of the 2017-2018 decline at 97.83.
    • Implication: Upside continuation paused by sellers, keeping it within the 2019 range.
  • Trending: 12 month MA @ 96.23, continues to rise.
  • Momentum: RSI (9) @ 53. Stochastics (10-6-3) negatively aligned, falls out of overbought.
  • YTD Return: +1.3%

Please join the USD SEK discussion


Your email address will not be published. Required fields are marked *

Cheap and Fast Money Transfer

Other major currency pairs


BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.


USD/SEK – Live and Historical Rates

The US Dollar does not form a major or a commodity pair with the Swedish Krona. The USD is obviously a major currency while the SEK is not. The trading volumes on the pair are not very significant. The chart on this page shows the amount of SEK it requires to purchase a USD.

The USD

The US Dollar is the top currency in the world, trading volumes-wise as well as in regards to reserve-currency status. Most of the world’s money is indeed held in USD and there’s more of it outside the US than there is within. Besides the US proper, 7 other countries use the USD as their national currency. A total of 23 countries have their currencies pegged to the USD. At one point, before the floating craze which began in the 1970s, all currencies were pegged to the USD. The USD is still the currency in which important commodities (such as gold and oil) are exclusively traded.

The SEK

The Swedish Krona was introduced way back in 1873, when the Scandinavian Monetary Union was in effect. The Krona (which means “crown”) was used by Norway and Denmark too. Back then, the currency was on the gold standard. Although the monetary union has long disappeared since, all three countries have continued using the Krona, and to this day, all of them have stuck to it, despite the fact that Sweden and Denmark have become EU members. In regards to adopting the Euro, Denmark has a treaty-exception, while Sweden is theoretically compelled to join the common currency at one point, but thus far, it has shown little interest in doing so.

USDSEK Analysis

Due to Sweden’s close ties with the EU and within it, with the Eurozone, the USD/SEK pair is closely correlated with the EUR/USD one. Given the special relationship Sweden also has with the other Scandinavian countries though, the krone does sometimes entail some independent variance.

See more currency pair charts