There is something interesting about this chart. GAP (green block) from Daily chart created quite nice support/ressistance area. I marked with two eclipses point where pair was rejected when in touch with this area. This price action is suggesting strong bear trend which should move pair towards south in the next month or more. I placed on the chart Fibonacci ...
EUR/SEK has been trading in a channel up since late 2016. During its last wave down which started mid-December, the common European currency has likewise formed a falling wedge. It tested the bottom boundary of this pattern on January 5 and has since edged slightly higher. From technical point of view, the Euro should approach the upper wedge line in the 9.87/89...
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has...
The common European currency has been appreciating steadily against the Swedish Krona since early September. This movement north has allayed during the past three weeks, as the rate has been lingering slightly below the 2010-2017 high of 10.03. This peak was reached on December 12, and the Euro has since edged lower. The same bearish sentiment is likely to...
The common European currency has appreciated substantially against the Swedish Krona within the past three months. During this time, an ascending channel was guiding the pair up until a 2017 high of 9.9901 was reached on November 21. The Euro has likewise formed a two-week junior channel. Its bottom boundary has had three confirmations, while the upside was...
Retracement on psychologial 10.00 level breakout. CB ha no intention of raising rates, deep negative real rates and problems on the housing market. Retracement has reached 50% fib level @ 9.86. Go Long @ 9.8960 Take Profit @ 10.16 Stop Loss @ 9.85
Following a five-week appreciation against the Swedish Krona in an ascending channel, the common European currency has formed a channel in the opposite direction and is thus gradually moving lower. The pair reached a 2017 high last week when the rate reversed from the 9.8044 area. This suggests that a decline in both medium and long term is a likely option....
I posted couple of weeks back on the bullish view on this pair and we also got the anticipated shallow pullback since. Entering the trade now is still not late. Good if you stay in the trade for a month or two with tiny lots and wait for the price to play out to the TP. About Me: Author of 3 trading books Creator of 10/20/30 Rule for trade strategy...
By large the slow moving low volatile EUR/SEK pair has been slowly moving in an ascending channel pattern on the daily chart. However, it has experienced a distinct spike in the second half of September, which in general is a cause for caution. Meanwhile, on a larger scale the currency exchange rate has formed a massive scale triangle pattern. The tip of the...
The common European currency recently reached the upper trend line of a junior descending pattern against the Swedish Krona. Due to that reason the pair can be considered at a significant crossroads for short term traders. If the pair passes the resistance, which is a lone one, it would surge first to the 100-hour SMA at the 9.50 mark and later on to the...
Minor resistance at 9.5575. Price action failed to break and close above that level even after last week's non-starter from Mario and Yellen. Look for trend resumption and therefore trade as follows: Sell Limit: 9.5270 Stop Loss: 9.5580 Take Profit: 1:3 Risk reward ratio Of course, look to win more than you lose.
Trading idea and price prediction for (FX: EUR/SEK ) from trader Nika Lekishvili www.tradingview.com ~ My Channel GL !
Here is my quick scan of the market. Of course please don't just buy in Long/Short just because strength shows overbought/oversold. There is always more room to 0 or 100. 1Day: AUDCHF - 26 RSI USDCHF - 29 RSI USDSGD - 28 RSI USDDKK - 26RSI Honorable mentions: USDPLN - 30 RSI Rising ATR NZDCHF - 30 RSI USDNOK - 31 RSI High ATR EURNZD - 75 RSI EURSEK - 72...
Entry @ break of second waves 0.618 retracement Stops @ new low below first waves 0.618 retracement or below 0.500 retracement (multiple violation of strong supports) based on preference Target @ first waves -0.272 level (third wave completion), or alternatively at previous high. After 3 failed tests price broke out from range and in spite of returning a second...
A move above 9.69970 would continue the trend higher with 9.68207 acting as the trailing stop.
Elliot Wave Theory looks to suggest a drop to around 9.36 in the near future - 1 day chart.
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