NOKSEK is trading within a long term Rectangle on 1W (Williams = -53.421, CCI = 12.5397, Highs/Lows = 0.0000) with 1D indicating that at the moment the price is on the pivot (RSI = 51.985, ADX = 17.916) with both directions equally probable. We will be scalping within the Resistance (1.09456) and Support (1.07445) lines indicated in blue.
Upside risks prevailed in the market at the beginning of July, thus sending the US Dollar 3.10% higher against the Swedish Krona. Half of these gains were erased during the previous trading week, as the pair had returned near the 8.80 mark at the time of this analysis. The Greenback has already fallen below the 100– and 200-period (4H) SMAs. If the 55-day one...
EUR/SEK has been appreciating since mid-June when the rate reversed from the senior channel. This long-term pattern was formed at the very beginning of 2017. By this Friday, the rate had returned back to the 23.60% Fibonacci retracement line at 10.47 which has worked as strong resistance this month. The upper boundary of the junior channel is likewise located...
this is almost to complicated to exlpain, i'll give the details later. a non conformal analysis of critical points and their alignment on many pairs is revealing a spectacular coordinated move to happen very soon (today/tomorrow). at time of writing its trace has already been detected on usdjpy, cadjpy and usdcad. from this analysis we extract two pairs for which...
USDSEK continues to trade inside a long term 1D Rectangle (ADX = 15.631, Ultimate Oscillator = 49.902) and we can continue working within the yellow rays on a medium term scalping approach. For now we are shorting, TP = 8.64012.
TP = 12.792 hit as SEKJPY continues the very controlled sideways trade on the 1D Rectangle (RSI = 52.414, STOCH = 49.962, CCI = 9.9279, Highs/Lows = 0). We continue to trade within its ~ 12.100 - 12.850 range, opening a short now, TP = 12.283. Even 1W is neutral on RSI, Highs/Lows, Ultimate Oscillator.
while people are stuck and excited on the big pairs .... and losing a lot of money, the best pairs are the forgotten ones. noksek is closely monitored by the swedish and norwegian central banks, so that there is no big deviation so no big losses on your account, and the moves are repetitive like a parrot. we have reached again a situation with a parallel UBB, MM...
GBPSEK hit the previous 11.50 TP and support on 1W on a standard 1D Channel Down pattern. Now it is approaching the same support again (11.49183) and another technical bounce is most likely going to take place. This is a long call to 11.76440.
SEKJPY has price a Higher Low on the 4H Channel Up (RSI = 66.713, Highs/Lows = 0.0449, B/BP = 0.1010). This is a long call, TP = 12.792. The upside is limited on 1D to a 12.845 Double Top.
USDSEK is trading near the 1D Rectangle's Resistance. It may rise to 8.97077 but eventually should test the 8.56621 support if the 8.98828 resistance stays intact. We are taking a short action: TP = 8.64012.
The US Dollar has been stranded in the 8.5675/8.9835 range since late April. Its southern boundary and the senior channel were tested mid-June. This move was followed by the Greenback initiating a new up-wave and reaching the 161.80% Fibonacci expansion line at 8.95 yesterday. Given that the pair has reached the upper range boundary, it is likely that bears...
The price has made a Higher Low on the 1W Channel Up. We are going Long with TP = 12.13. If 11.49 breaks, then 1D will emerge as a Channel Down instead and the long will be stopped out.
The pair is trading on a medium term 1D Channel Up (RSI = 58.436) on slow pace (MACD = 0.018, Highs/Lows = 0.0216, B/BP = 0.0626) since the 5.9500 bottom. The dotted lines are supports and long entries. Our TP = 6.2500, ext = 6.2800.
USD/SEK has been guided by two opposing channels. The most senior pattern was formed in December 2016, while the junior one has bounded the rate within the bounds of this aforementioned senior channel. The most recent up-wave started late in January when the Greenback reversed from the 7.80 mark. The pair tested the upper boundary of the senior channel near...
An eventual close of USD-SEK below the dotted line will give a bearish signal with the first target in the area 8.49.
EUR/SEK was trading in a four-month ascending channel prior to breaching this pattern to the downside on Wednesday. This movement shows that the Euro is ready to continue trading lower in line with the senior channel. The upper boundary of this long-term channel was tested on March 3 when the rate reversed from its eight-year high of 10.68. As it was stated, the...
Strong upside potential has been guiding USD/SEK since mid-April. The pair had breached a long-term channel down earlier in the month prior to gaining the necessary momentum to reach the 8.87 mark—the rate’s highest position since July, 2017. Along the way, the pair breached a three-month ascending channel near 8.75 that should point to further appreciation....
Overbought and a retest of previous highs in the 8,50 area stop loss 8,35 target 50% of trade 8,90 rest will follow to highs around 9,35-45