By large the slow moving low volatile EUR/SEK pair has been slowly moving in an ascending channel pattern on the daily chart. However, it has experienced a distinct spike in the second half of September, which in general is a cause for caution. Meanwhile, on a larger scale the currency exchange rate has formed a massive scale triangle pattern. The tip of the...
The common European currency recently reached the upper trend line of a junior descending pattern against the Swedish Krona. Due to that reason the pair can be considered at a significant crossroads for short term traders. If the pair passes the resistance, which is a lone one, it would surge first to the 100-hour SMA at the 9.50 mark and later on to the...
Own built NOK index (daily) is currently retesting a break out. Looking for long entries despite awful crude oil inventories.
Trading idea and price prediction for (FX: EUR/SEK ) from trader Nika Lekishvili www.tradingview.com ~ My Channel GL !
USD have shown weakness across aboard this monday. Will usd maintain it's weakness also today? Have in mind that price can go above last pinbar tops. Probably we have lots of stop-loss orders there. For perfect entry I want to wait a price to shoot over those tops before shorting with tight stop-loss in mind. Use tight stop-loss because the uptrend have been...
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The hourly chart shows solid upward movements consistent with our expectation that the 9.5103 Fibo retracement is up for tests. The pitchfork holds its ground, while a junior channel leads the rate south, facilitated by very bullish-looking SMAs that rest beneath. Resistance at 9.5279 forms an ascending triangle, which has just been broken and then reinforced,...
On the daily chart, we see more reasons for a correction. Even though bearish momentum is quite strong with all three possible death cross signals having been posted in the last couple of months, the pair has started a small-scale up-wave, targeting the 23.60% Fibonacci level at 9.5503. The Commodity channel index could not be more indifferent with a reading of...
EUR/SEK had its ups and downs over the last 20 years or so, setting a high at 11.4465 and a floor of 8.1186. The latest downfall stripped off 31% of the pair's value, and has now resulted in a partial recovery after 8.3253 sent it skyrocketing. A rising wedge pattern is, however, signaling bulls to watch out and it might be time some downward risks remind of...
Waiting for the breakout of the green upper trendline. A beautiful trade might be setting up. I am not going to buy as long as we are below 8.90, because further move lower is possible. I want a clear impulsive breakout of the golden zone, and then i will buy the correction with a stop at 8.80 targeting 9.20 and 9.30. Also keep an eye on USDNOK and USDPLN,...
Head and shoulders pattern seems to be forming, if this pattern is completed, we'll most likely see a decline.
USDSEK EXPECTED MOVEMENT FIRST TILL 8,7000 THEN TILL 9,000 THEN TILL 8,9000 THEN TILL 10,2000 THE FINAL TARGET WILL BE BETWEEN 31/3/2017 TO 31/05/2017 GOOD LUCK FOR ALL NOTE , MAY BE WE DONT SEE THE FIRST TARGET 8,7000 SO NEVER SHORT THE PAIR WHEN IT IS ABOVE 9,000 .
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...