... for a move. Direction is still unclear. Given the sufferring of the EUR I'd say we'll rather see a bearish breakout, but I am not yet sure. The good old advise is: wait until it happens! You may miss some of the early move, but you'll have a lot better risk-reward.
Daily: It has been moving sideaway for about a month now! DMI-ADX is clueless, so is the Slow Stoch and MACD.
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 support/resistance 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 Ichimoku 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!
Daily: It has been moving sideaway for about a month now! DMI-ADX is clueless, so is the Slow Stoch and MACD.
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 support/resistance 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 Ichimoku 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!
