ING bank keeps spreading fear about the SKrona. "Their central bank is dovish, will put it under pressure".
They announced yesterday they reached their targets of 10.60, this could be when every one takes profit.
On the higher time frames, we can see there is a resistance in this area, might be a little higher depends how you draw it, but it is approximately in...
EURSEK has been forming a double top pattern since last week with additional confluence of rsi divergence and has started trading lower. If the sellers can gain momentum and break the neckline area we could be looking at a very good short opportunity.
The EURSEK has reached the monthly level 10.63053 again and we're seeing a strong rejection at this point. A double top pattern has formed with a higher second price peak and RSI divergence which could indicate a very good sell opportunity this week. More conservative text book entries can be made near the 10.46734 level. Be weary of market manipulation when...
The red highlighted level was formed almost 10 years ago on the EURSEK chart. I understand that this is not a very popular chart for most, but there are still opportunities to be had on these currency pairs! This could be a very nice one!
The market came close to the level on two prior occasions and is now making yet another push. We're going to keep our position...
following our last analysis on eursek where we expect a big drop, we expect eursek to behave the very same way it did the last two peaks before drop last months. to target the exact point of reversal during those endless ascending move (generally heralding an important reversal) we want to see two things :
1) the upper bollinger band on 4h time frame must draw an...
eursek 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...
- 61.8 Fib level T/P zone for EURSEK buyers
- Enter short, S/L relatively tight
- 10.35 breakout level is the target
- Scale out on H4 around 10.40 and see if it goes further south
It'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.