USDSEK & EURSEK charts are forming a top formation, which is the end of the very extended downside trend for the SEK (483 days).
Some kind of a mean reversion is expected towards the 9.22 area by Aug-Mid Sep.
For more fundamental points I wish to recommend Torbjörn Isaksson analysis
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...
This one's more for fun as the above is a gut feeling / outright guess for the most part honestly but as EURUSD has further downside potential written all over it a bottom of ~1.07 and DXY top of ~100 appear likely to me (I'll leave this here and we'll see how badly she ages)
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...
Esperamos apertura de mercado retroceso al pivote ya esta descontado lo hizo el viernes por lo que especulo que abra en GAP a la baja o quede donde estaba pero comience a bajar.
Canal dedicado al trading con divisas tan conocido como "FOREX" nuestra operativa es Intradia por lo general nuestras señales se cierran diariamente para dar lugar a nuevas oportunidades...
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....