Those who follow me, know my concept pretty much by now. So this time I would not write too many details, just would give an idea about strategies on each pair.
EURUSD - I stay rather neutral, keep really small long still with 1,1050 ultimate stop.
- discussed in prev. post (pls see link below)
EURGBP - Brittish pound lost its power.
- I'd go long, but only on...
Buying the Retest was a good idea! Now the Pair nearly has reached the bottom edge of the longterm trendchannel. This could be a niveau, where a consolidation can start. For those who want to hold the Pair a bit longer, a stoploss-adjustment makes sense.
Former Analysis:
Buying the retest
The pullback ended @ the old breakout Level. A new Long Chance?...
The pullback ended @ the old breakout Level. A new Long Chance?
former view:
After the break of the longterm uptrend @ 9,33 in march EURSEK is consolidating this strong sell-off and reached several times its maximum correction level (fibo 62,8%).
This strong resist @ 9,4 seems to be invincable. 6 times you had the chance to fix that level sucessfully. Is it...
After the break of the longterm uptrend @ 9,33 in march EURSEK is consolidating this strong sell-off and reached several times its maximum correction level (fibo 62,8%).
This strong resist @ 9,4 seems to be invincable. 6 times you had the chance to fix that level sucessfully. Is it time for the next short position? The chance-risk-ratio is wonderful again ,...
Weekly:
- This is the 14th week with no trend! Price is stuck in a 2,5 %+ wide range between 9,20 - 9,42
- Ichimoku setup is absolutely neutral, Price is almot in the cloud and trades ard 9,35 equilibrium level (52 weeks average!). Tenkan is below Kijun, both lines are flat and about to enter the Kumo, future Kumo is flat too (basically Senkou A and B are at same...
Well, EURSEK should really catch up (down) to other EUR crosses, and finally it looks like the move has started.
Weekly:
- Ichimoku setup is neutral with bearish bias. Kumo overshades Price, Chikou Span hits candles, Tenkan/Kijun is weak bearish. Price turning down after retesting weekly Kijun Sen. Current Kumo is still a bit thick below Price. Supports are at...
Since I am in Sweden, I was just checking out their currency correlations.
Obviously EUR out performed SEK. But what just happened, Seems like, SEK is gaining strength. Can someone from Sweden Explain what's happening. Just Curious.
Thanks
UCS
While the EUR is under pressure on all crosses, EURSEK is simply not reacting.
Daily:
- Consolidation at the equilibrium level (at Senkou B)
- Price still needs to break below Tenkan Sen at 9,3225 to be able to resume bearish
4H:
- Still moving sideaway in an extremely thin range
- Heikin Ashi signal turns bearish. Question is if it can finally stay bearish or...
Weekly:
- Ichimoku setup is rather neutral: Price is still above Kumo, just retested Kijun Sen. Chikou Span is about to hit Price candles. Strategic bearish reversal would happen below 9,10-9,15.
- Heikin Ashi candle pattern shows a corrective pull back for the last 4 weeks, but Kijun Sen seems to act as bearish support and also haDelta/SMA3 gives some early...
Dobell break true conformation, entry when starting to trade under the 200 sma. For strong restiance,
Witch also is in alignment with the 38.20 retracement level. Should give a nice downward move. Stop loss just above previous high.
Daily:
- Watch Daily Heikin Ashi candle today, as it already looks like buying power is decreasing. Candle may have an inside body.
- haDelta/SMA3 has bearish divergence and a bearish cross. Watch zero line.
- If Price breaks back below daily Kijun, it will be a clear sell signal.
4H:
- 9,3500+ seems to be a bit of a hard barrier for bulls. Price is still stuck...
Daily:
- Price is still below the Kumo. Price retested Kijun Sen six times (!), but none of the last six candles could close above the 26 days average. Previous horizontal resistance acts as support now ard 9,32.
- We have the second doji-like Heikin Ashi candle with long upper and lower wicks, haDelta/SMA3 further down. There is a good chance that the correction...
Weekly:
- The steep trend channel is broken, but the Kumo still acts as support. For a long term weekly bearish reversal 9,05 will have to be broken.
- weekly haDelta reached extreme low and now is turning up above its SMA3. The week has just started, but as the previous candle had a very long body and a deep low on its wick, this week the candle body will likely...
Sweden shocked markets with a higher GDP than expected , which resulted in a bullish SEK. Technically , EURSEK is below Kumo Cloud which favours the downside. Open shorts with SL above 9.435 on a daily close
Daily:
About two weeks ago EURSEK attempted a bearish Kumo break, which couldn't be succesful, as then the Kumo was too far below Price and relatively thick. Then we had a reversal signal and we saw a pullback to the Kumo, which now seems to act as a strong support/resistance. Now we have a new Heiken Ashi signal at the Kumo, calling for a possible bearish...
We could see an inminent bullish breakout today at NFP´s . Adjust Stop below 9.37 . It price reverses today below mentioned level I will turn bearish till 9.25 .
Sweden could say "Thanks, we are doing fine, no risk of deflation" , based on just released CPI numbers.
After yesterday daily hammer, EURSEK turning down from range top again.
Daily: Price action should be considered as consolidation within a wider range, right now ard equilibrium level. The strategic short position is recommended only below 9,39 and 9,25 key...
Daily: Yes, long term it is still bullish trending, but pressure on EUR is increasing, while actually macro numbers coming from Sweden are quite good. Also the technical picture says there is more room to the downside in short term. But can it break even lower and start finally a longer term bearish move?
Indicators:
- Price is still above the current Kumo, but...
