USD/SEK on the daily chart quite an easy one....price has bounced between each strong zone before...its a waiting game...if price goes into either zone we will look to either go long or short...patience is the key here...
USDSEK in correction 4thwave as contracting triangle. Expect price to go first 8.20000 to finish wave (e). expceting 5hth move up from there; as it is daily, it can still taken another 2-3 months tro reach (e);
From Ichimoku point of view, the pair is bullish and ready for a buy. Fibo extension using the H4 chart with candles on 13th and 14th Jan, switching back to H1 shows that levels were nicely surrounding the last candle. Possible retracement to Fibo level 1.0 acting as a temporary support. The lagging span must bounce against the trend line as it did in the past...
Friends,
This pair was been quite responsive to the Predictive/Forecasting Model on both large and smaller scale - Although, this there has been only two prior predictive analysis and forecasting - Following are two of these forecasts:
$USDSEK - Short-Term Target ... Hit.
bit.ly
$USDSEK - Mid-Term Target ... Hit.
bit.ly
FORECASTING THE HOURLY FRAME:
This...
Friends,
$SEK is expected to weaken in this pair, where an Elliott Wave carved out an outline of its Contracting Triangle through a series of 3-3-3 internal formations with more (leading triangle) or less (simple zig-zag) complexities.
This analysis replaces a recent one, as the Geo lost its geometric validation - However, the foreground...
Friends,
A with lessons and demonstrations offered over the past 24 hours (See $USDTRY, $NZDJPY, ... etc), here is another pair worth looking into, not so much from the perspective of a pending geometric completion, but as an example of developing a contingency plan.
Here, we are contemplating a short (green scare representing a conservative, prudent...
USDSEK is breaking through the 1st standard deviation from weekly (120-h) mean after a leg of uptrend from above.
Price is likely to revert to is weekly mean for volatility recharge before going further.
Traders can pick shorts around the upper first st deviation (at 8.70) and with target at the mean (8.65). Stops should be placed above relevant highs (at 8.76)
