FX:EURSEK   Euro / Swedish Krona
66 2 7
Those who follow me, know my concept pretty much by now. So this time I would not write too many details, just would give an idea about strategies on each pair.

EURUSD             - I stay rather neutral, keep really small long still with 1,1050 ultimate stop.
- discussed in prev. post ( pls             see link below)

EURGBP             - Brittish pound lost its power.
- I'd go long, but only on pull backs, as we have massive weekly resistances above Price (Kumo and trendline )
- If we see a pull back to 0,71-72 area, I will look for bullish signals on both daily and weekly time frames.

EURNOK             - Weight up Norway. This pair is too stretched, go counter short in half risk unit.
- As discussed yesterday, pls             see link below. I expect pull back here.

EURSEK             - Bullish biased
- I do not really like to trade SEK             , but here I'd still buy on dips.
- Riksbank is trying to use all possible tools to weaken the Krone. They also see 9,30 is the level to "protect". Below that it would be a strategic bearish reversal
- Maybe try to catch some NOKSEK             longs as relative value trade

EURAUD             - It is all about China, technically consolidation or pull back is possible.
- Trend and setup is bullish , but Price is too far above 1,5130 Kijun Sen. Also Heikin Ashi candles show the loss of bullish momentum in last 2-3 weeks.
- I think there is some chance that we see some pull back towards 1,54-1,55, or that it builds a top consolidation zone between 1,55 - 1,62

EURCAD             - Undecision in WTI mkt -> consolidation in CAD
- Picture of CAD as the other commodity ccy is pretty similar to AUD, except that it has not been hit so badly ("only" to reach a double top at 1,55+)
- Further price action depends on Crude and also on BoC             ... who knows if they shoot anouther ccy war bazooka like Norges Bank did last week. Anyway, looking purely at technicals, the Ichimoku setup is bullish , but consolidation or pull back is due, given that Price is too far away from Kijun Sen.
- If we see momentum exhaustion and if it breaks below weekly Tenkan Sen (1,4880) then I think has chance to retest 1,45+. However 1,43 has become a very strong support b now.

So the recommendation regarding each ccy weight:
USD - neutral
GBP - short on dips
NOK             - Increase exposure (means small counter short EURNOK             )
SEK             - Neutral, small short (means small long EURSEK             or small long NOKSEK             )
AUD - Increase long from neutral / decrease short exposure (means small short EURAUD             on spikes)
CAD - Increase long from neutral / decrease short exposure (means small counter short EURCAD             , increase below 1,4880)
Thanx for providing charts on SEK. you know i like them :) (specially USD-EUR-NOK-DKK-GBP-JPY to SEK )
yeah, well I still prefer trading NOK as you know :-)... It was coincidence, as the active window of the 6 was EURSEK when I sent the post out :-)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out