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SEK

EUR/SEK 1H Chart: Falling wedge in sightThe Euro has been depreciating against the Swedish Krona since the end of August. This movement has been bounded in a falling wedge. The exchange rate reversed south from the upper wedge boundary at 10.41 at the end of October. Given that the currency pair is pressured by the 55-, 100– and 200-hour SMAs, it is expected that the pair aims for the lower boundary of given pattern located circa 10.26. However, this move might not be immediate and the pair could re-test the upper pattern line located near 10.36.
by UnknownUnicorn890690
USD/SEK 1H Chart: Bullish momentum likelyUpside risks prevailed in the market, thus sending the US Dollar 4.25% higher against the Swedish Krona. Half of these gains have erased since beginning of October, as the pair returned near 8.9000. As apparent on the chart, the currency pair is trading in a short-term ascending channel. Given that the rate is supported by the 55-, 100– and 200-hour SMAs, it is likely that goes upside. Important resistance level to look out for is a combination of the Fibonacci 0.00% and the weekly R3 at 9.2487. It is the unlikely case that some bearish pressure still prevails in the market, the US Dollar should not exceed the Fibonacci 23.60% retracement at 8.9134.
by UnknownUnicorn890690
EUR/SEK 1H Chart: Bearish momentumThe Euro has been appreciating against the Swedish Krona after the currency pair reversed from the Fibonacci 38.20% retracement at 10.32. This movement has been bounded in a short-term ascending channel. Currently, the pair is trading the lower channel line at 10.36. Also, the pair is pressured by the 55-, 100– and 200-hour SMAs located in the 10.39/10.45 range. Given these facts, it is expected that a breakout from the channel might occur in the nearest future. Technical indicators for the 4H and 1D time-frames support bearish scenario. Potential downside target could be the weekly S1 at the 10.29 mark.
by UnknownUnicorn890690
USD/SEK 1H Chart: Short-term increase expectedThe US Dollar has been depreciating against the Swedish Krona in a short-term descending channel since the middle of August. This gradual decrease in price began when the rate reversed from the upper boundary of a medium-term ascending channel at 9.2290. The pair reversed from the lower boundary of the junior channel during Thursday's morning hours. The common scenario would be a surge towards the upper channel line located circa 9.0800. However, technical indicators suggest that this advance might not be immediate, as the pair is being pressured by the 55-, 100– and 200-hour SMAs. Important level to look out for is the monthly PP at 9.0637.
by UnknownUnicorn890690
Adding more SEK to our portfolio=> After Sunday's election resulting in political deadlock we are set for another circus of government building. => Here we are expecting politics to open up an extended period of narrative for SEK where the path to normalisation (hikes expected to begin in December) will take centre stage. => With the focus shifting towards Riksbank and the economic expectations we are targeting a test of the 10.25xx => As most of you already know we are now overweight SEK in our portfolio with USDSEK and NOKSEK positions already running in profit since last week. => Good luck all here
Short
by ridethepig
1
USD/SEK 1H Chart: Rate tests 55-day SMAUpside risks prevailed in the market at the beginning of July, thus sending the US Dollar 3.10% higher against the Swedish Krona. Half of these gains were erased during the previous trading week, as the pair had returned near the 8.80 mark at the time of this analysis. The Greenback has already fallen below the 100– and 200-period (4H) SMAs. If the 55-day one likewise surrenders at 8.7950, it might be considered that a medium-term decline is in sight. The following trading days are likely to come with a slight correction north until the monthly PP and the 55-period SMA at 8.85, as bears could lack the necessary momentum to dash through the 55-day SMA at first. This up-move might also lead the rate until a trend-line located near 8.92 is reached.
by UnknownUnicorn890690
EUR/SEK 1H Chart: Euro supported by SMAsEUR/SEK has been appreciating since mid-June when the rate reversed from the senior channel. This long-term pattern was formed at the very beginning of 2017. By this Friday, the rate had returned back to the 23.60% Fibonacci retracement line at 10.47 which has worked as strong resistance this month. The upper boundary of the junior channel is likewise located there. The pair’s current movement leads to suggest that a breakout of this resistance cluster is likely to occur, thus allowing the Euro to target another important resistance level at 10.48. This upward move should be supported by the 55-, 100– and 200-period SMAs both on the 1H and 4H time-frames. A possible target for the following week is the monthly R1 at 10.60. Moreover, the upward tendency of the price demonstrates that the Euro might actually continue trading in line with the senior channel and thus re-test the 2018 high of 10.70.
Long
by UnknownUnicorn890690
last warning, spectacular move to unfold on usdjpy and usdsekthis is almost to complicated to exlpain, i'll give the details later. a non conformal analysis of critical points and their alignment on many pairs is revealing a spectacular coordinated move to happen very soon (today/tomorrow). at time of writing its trace has already been detected on usdjpy, cadjpy and usdcad. from this analysis we extract two pairs for which the move might be spectacular because of stiffness property : usdjpy, and usdsek (swedish krona). the fall on these pairs (and many others) might be almost in straight line !
Short
by lapin_eliott
7