EURSEK Foreign Currency Trend: Up Level: Diagonal Support Level, Dynamic Support Level (EMA 10 EMA 20)
Summary: A fresh spike in natural gas prices in Europe accelerated the relative weakness of the euro yesterday and the single currencies performance is so dire that we have to consider where to look if the market transitions to more existential, as opposed to cyclical concerns. Elsewhere, SEK has recently looked like the baby being thrown out with the bath water...
Hello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ We can see that on all Higher Timeframes (Monthly, Weekly, Daily) EURSEK is bearish. Monthly the market has created an M pattern where we can expect a retracement back to the neckline or wick of the monthly candle, where its lining up...
Unfortunately, the news of the last week caused the fall of this currency pair, and if the market does not rise at the moment, Sharpi can rise to 0.618.
EUR/SEK is trading within a well defined range, however recent price action suggests increased buying pressure that could see a move towards the top of the range. A break out of the upper resistance levels will see the completion of a long term bottoming pattern and potentially the start of an upwards trend. OANDA:EURSEK
Summary: Friday brought a sharp reversal of the US dollar strength from Thursday as the US May payrolls data was seen as likely to lower the odds that the Fed will deviate from its current patient stance on trying to see through strong labour market and inflation data in the near term. The last biggest test on that front will the US May CPI release on Thursday....
- price now at support - retail sentiment is now at 46% net short, almost double from 26% net short 5 days ago what do you think?
Enter at Pin Bar Close. Exit At Previous Swing High For Take Profit. Place Stop Loss At Pin Bar Low. H1 Chart.
Hello Traders, Here is the analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all your rules of the strategies will be satisfied. Good luck!
EURSEK after the recent lows started a retracement move to the upside inside a minor channel. The price now reached the weekly resistance and according to Plancton's strategy if the price will break below we can set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue...
Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action ! Check the Link on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Strategy : Bullish Retracement un Bullish impulse Have a Good Take Profits ! ! !
Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Lock at the chart and Enjoy Harmonic Elliott wave analyse power! I Love Copsey
Welcome back Traders, Investors and Community! Analysis of #EURSEK If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bearish Shark pattern on Bearish Flag - We will be...