Not going to enter into details about Sweden.
Sweden central bank "Uh we have no idea why our currency is falling and why our economy is falling behind" duuuuh!
Am already shorting it via EURSEK & added a bit with USDSEK, have a limit order at that green level.
If I am in the green on EURSEK & add on USDSEK as it goes does can I call this adding to my...
4H CHART EXPLANATION:
In 4H chart we can observe that price has broke the Ascending Trendline and the previous support zone, making a pullback on it. It has potential to continue the downside movement towards the Support Zone at 9.4700 and if it is broken, then to the bottom of the Ascending Channel
Updates coming soon!
Its on a resistance point, higher than ever this year.
TP 1 on a 1st suport line and 2 in the middle.
It can go back a little, but will fall to TP2 or even less.
See your own chart and make your own choice.
This is just my thinking.
Last post: May 3rd 2018. See chart.
Review: Price broke above the previous all-time high.
Update: Price has remained above this level and heads towards the 10.0000 round number.
Conclusion: As price approaches the major round number we will need to wait and see how price will react once it gets there. If it breaks through then we should see more strength to...
1. 10 flat rate might be psychological resistance
2. 2 Possible bullish targets at the 1.272 and 1.62 * Wave 1.
2. Things are heating up in the States, we will see how long it will last.
3. Global growth rate slowdown (particularly the EU(Italy, Spain, France) Turkey, China, Canada, Australia) will catch up onto the States in the near term. There's a good chance...
The US dollar initially rallied during the trading session on Friday as we got the jobs number, but has pulled back a bit against the Swedish krona, which is a simple function of the fact that perhaps we are a little bit overbought, but ultimately there is significant support just below. Quite frankly, this could end up being a nice buying opportunity for those...
Last post: April 27th 2018. See chart.
Review: Price was finally trading above the previous all-time high.
Update: Price has remained above this level and currently looking strong.
Conclusion: Price is currently above the previous high so we should see further moves to the upside.
Any comments or questions, do not hesitate to leave them below. Give us the...
Its time to strike out the greedy 25 Leverage Whales on the super fundamental chart.
The USDSEK will slightly pass the sell zone in order to make it hurt for the bulls until the Swedish central bank increases rents in June.
Promises by Swedish Central bank 2% Rate increase until 2021 but i doubt that will ever happen due to the housing market being over loaned....
After a strong down-move following the dovish FOMC meeting yesterday, USD/SEK seems recovering at an important demand zone.
The pair is trading inside a rising channel and has reached near the lower channel support, which aligns with a horizontal support and the 61.8% Fib level.
Today's candle could provide the needed confirmation to enter with a long.