Get started

EURSEK

eursek, all or nothingeursek has been perfectly bouncing on a support 3 times with a bounce losing intensity each time it hit the support, then it broke and started confidently a down move inside a new channel below. of course now we have through a perfect alignment a retest by below of this previous support, exactly at this point the DMI reaches an extreme value, we do not see how eursek can do anything else than dropping sharply now, this move is also supported by what we see on noksek, usdsek, eurnok and eurusd. this is very simple, if eursek surprisingly cross confidently the 1.53 1.54 area, we will see it coming very soon and then we freeze everything, the loss will be minimal, otherwise we can short eursek massively from where it stands
Short
by lapin_eliott
EUR/SEK - LONG TERM BEARISH OPPORTUNITYIt's been 5 months now since EUR/SEK has been sailing under the Daily 50 EMA. It has now also broken the Daily 200 EMA. What we can expect to happen next is a complete breakout of the 200 EMA and the beginning of a long term bearish move. The confirmation that we need is for the price to fail to move and find support back above the Daily 200 or 50 EMA. If it successfully consolidates under it, then we have a go for a push higher down. This is my own analysis. You should never ever, even if it's the most profesionnal trader, take his words blindly. Do your own analysis and enter the trade on your own terms. Trade safe.
Short
by MoolahMaker
EUR/SEK Analysis of Multiple ConfluencesI would first like to preface that this analysis is simply for educational purposes and does not constitute a signal. With this idea, I would like to touch on the topic of confluences. When performing technical analysis on pairs in the forex market, it's great practice to study confluences in the market. What are confluences? Confluences are levels in the market where there is more than one indication that a particular price point is of certain interest for a buy or a sell. Although not a guarantee of a buy or a sell, these areas should be watched closely for action of price. Price can be impacted by a variety of factors, including fundamentals. Given this, only after studying and obtaining confirmation should a trade be entered. In this example for EUR/SEK, I see a few confluencing factors as follows: 1. Taking a fib on two separate time frames we see confluence of fibs on both the 50% and 61.8% levels. This area is highlighted. We see zone that is of particular interest. 2. We also can draw trendlines and see confluence between the price point of these fib levels and the respect of the trend line. 3. I have done some further research to study that the fib levels as noted happen to fall at historical key levels in the market. 4. Although the market does not have to follow particular patters, if price followed through as indicated, price action would closely follow that of a cup and handle pattern. Study such as this is very helpful for strengthening one's technical analysis. I invite you to study this with me, watch price action and take notes along the way. Again, this is not a signal but simply for educational and study purposes. If you decide to take this trade, use proper risk management and trade at your own risk.
by mrsceleste
1
EUR/SEK 1H Chart: Two scenarios likelyThe EUR/SEK currency pair has been trading in the falling wedge since the middle of August. Also, the pair has reached the lower boundary of the long-term ascending channel. Currently the rate is testing the lower channel line at 10.22. If given channel holds, a reversal north occurs in the nearest future and a breakout north from the wedge follows. Potential upside target is the Fibonacci 23.60% retracement at 10.45. If given channel does not hold, the pair continues to trade within the wedge. A possible breakout north from given pattern might occur near the 10.15 mark.
by UnknownUnicorn890690
EUR/SEK 1H Chart: Falling wedge in sightThe Euro has been depreciating against the Swedish Krona since the end of August. This movement has been bounded in a falling wedge. The exchange rate reversed south from the upper wedge boundary at 10.41 at the end of October. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair aims for the lower boundary of given pattern located circa 10.26. However, this move might not be immediate and the pair could re-test the upper pattern line located near 10.36.
by UnknownUnicorn890690
EUR/SEK 1H Chart: Bearish momentumThe Euro has been appreciating against the Swedish Krona after the currency pair reversed from the Fibonacci 38.20% retracement at 10.32. This movement has been bounded in a short-term ascending channel. Currently, the pair is trading the lower channel line at 10.36. Also, the pair is pressured by the 55-, 100– and 200-hour SMAs located in the 10.39/10.45 range. Given these facts, it is expected that a breakout from the channel might occur in the nearest future. Technical indicators for the 4H and 1D time-frames support bearish scenario. Potential downside target could be the weekly S1 at the 10.29 mark.
by UnknownUnicorn890690
Adding more SEK to our portfolio=> After Sunday's election resulting in political deadlock we are set for another circus of government building. => Here we are expecting politics to open up an extended period of narrative for SEK where the path to normalisation (hikes expected to begin in December) will take centre stage. => With the focus shifting towards Riksbank and the economic expectations we are targeting a test of the 10.25xx => As most of you already know we are now overweight SEK in our portfolio with USDSEK and NOKSEK positions already running in profit since last week. => Good luck all here
Short
by ridethepig
1