Daily: It has been moving sideaway for about a month now! DMI-ADX is clueless, so is the Slow and .
At mom Price is trading in the Kumo. Tenkan, Kijun, and future Kumo components (Senkou A and B) all flat. It seems until there is no story in SEK , or until model portfolios start to see some macro, relative value or technical change, it can not breakout in any directions.
For a strategic trend change, the lower levels to watch are: 9, 1400 and most importantly 9,1000. If the cross breaks below that it will have a nice open space to drop.
Upper barrier is 9,2385 and 9,2975.
4 Hrs: Total trendless. Both setup and DMI-ADX shows a complete undecision. However we have lower highs and thus a decrasing triangle is forming, so we have slightly bigger chance for a break on the lower side at some point, but it can still take some time and some more swings within the tightenning range.
Watch the barriers carefully!