EURSEK bounced from support, potential for a further rise! EURSEK bounced off 10.57842 where it could potentially rise further to 10.75427. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState8
EURSEK 2.93 R-MultipleEURSEK Reward:Risk = 2.93R Stop Loss: 286.6 Pips Target: 838.5 Pips Entry at price level: 10.64975 Note: Price Level 10.64975 was retested and EURSEK continued into its intended direction. Note: Price Level 10.60763 was broken and retested. Entry comes in at the retest of level 10.60763. Target is the next horizontal support resistance level at price 10.56657.Educationby TradeLive-1
ridethepig | EURSEK 2020 Macro MapTime for another forward walk in 2020, this time the focus is EURSEK. I am tracking for a year of "two halves" with the first providing support for SEK and a lot of demand for the most undervalued G10 cross. On the SEK side lets start with the Long-term chart: On the EUR side lets start with the Long-term chart: For the Swedish Macro details, Sweden is badly exposed to extreme levels of domestic credit with the SEK depreciation. Houses in Sweden have also not been attractive for a while and are finally showing signs of a bounce. The Riksbank is widely expected to hike in Dec, if the housing market plays ball then we can have more hikes from Riksbank next year. We have traded EURSEK a few times previously here: Risks to the thesis come from the Swedish housing market, if this breaks down we are going to see expectations shift in EURSEK. I will be releasing my 2020 FX outlook reports along with other strategy research in the coming weeks. 2020 is setting up for fireworks on the FX board with expectations and valuations starting to diverge and with late cycle concerns creeping back in through the back door to put the cherry on top. For those interested can send a PM on here or Tradingview.Shortby ridethepigUpdated 2233
EURSEK bounced from support, potential for a further rise! EURSEK bounced off 10.58567 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby TradeGATEHub2
EUR/SEK Short Trade: Goldman is also BearishGoldman Sachs : "Stay short EUR/SEK; target: 10.30, stop loss: 10.90. Sweden, the most open economy in the G10, stands to benefit from improving global growth and lower recession risk in the Euro area. SEK tends to outperform in relatively benign growth scenarios with a modestly stronger Euro , which is close to our baseline scenario of a better—but not stellar—global environment. The trade should also benefit from asymmetric monetary policy reaction functions. While a number of global central banks (including the ECB) appear to have a lower hurdle for cuts than hikes, the Riksbank has shown a strong desire to get out of negative territory. We therefore think that it is highly likely to hike in December, and will then be reluctant to cut even if data deteriorate further." Source: Sorry, No links in Ideas section ( violating House Rules ). Comment on their Stop Loss: I would not recommend it to my worst enemies. Disclaimer: We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.Shortby CryptoTrend-Alerts27
EURSEK Target Price 10.60763 (After Action Report)This Parallel Channel is different from my usual channel trade set ups. See the positioning of the Red EMA 10 and Blue EMA 20. The 10-Day Exponential Moving Average is below the 20-Day Exponential Moving Average. A great indication that this a sell opportunity. Candlestick wick intersects the horizontal support resistance line and both EMAs. Wick did not intersect or retest channel support resistance diagonal line. Next horizontal support resistance is at 10.56657Shortby TradeLive-1
EURSEK bounced from support, potential for a further rise! EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState5
$EURSEK resistance become support. $EURSEK could be changing it stance. As mentioned in previous analysis this pair had three shooting stars already with small reversal. Before the stars were exactly in the area where we expect to see resistance. This resistance aligns with R3 YPP from 2017 and R1 YPP from 2019. The resistance level of 10.58xx remained intact for one and a half years and now it might sustain another push down as it is support now. However, I am interested if it breaks down and why I am more confident this time since CCI shows the point where it sinks under -100 which usually is sell signal. I will wait to see close under 10.60 on daily chart and will decide. Shortby Marto_Jekko5
EURSEK Stop Loss 10.69717 Entry 10.65994 Take Profit 10.60763EURSEK Parallel Channel Shortby TradeLive-6
EURSEK approaching support, potential for a bounce! EURSEK is expected to drop to 1st support at 10.61569 where it could potentially react off and up to 1st resistance at 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState3
EURSEK - 240 - Popping higher. Can it continue?Trade idea. This morning, EURSEK exploded to the upside and traveled higher, but found resistance near the 10.75 barrier. It may continue testing that area, or even correct back down a bit from there. But if that barrier eventually surrenders to the buyers, it may open the door to some higher levels. Given that we have missed the sharp uprise, we could try to take advantage of a potential break above the 10.75 zone, but only after we see some correction lower. Please see the chart for details. Don't forget your stop-loss. Longby JFD_ResearchUpdated 224
EURSEK bounced from support, potential for a further rise! EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState2
EURSEK bounced from support, potential for a further rise! EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby TradeGATEHub3
EURSEK bounced from support, potential for a further rise! EURSEK bounced off 10.61569 where it could potentially rise further to 10.74378. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Longby FlowState3
EURSEK reversed from resistance, potential drop! EURSEK reversed off its resistance at 10.74378 where it could potentially drop further to 10.60725. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby FlowState2
EURSEK reversed from resistance, potential drop! EURSEK reversed off its resistance at 10.71783 where it could potentially drop further to 10.60725. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby TradeGATEHub6
EURSEK SHORT TRADE. DOJI FORMED AT RESISTANCEI am shorting EURSEK after seeing a doji candle form on the Daily chart at resistance. I will be targeting previous support as my profit target for about a 1:3 RR tradeShortby jvaledon1
EURSEK reversed from resistance, potential drop! EURSEK reversed off its resistance at 10.71783 where it could potentially drop further to 10.60725. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks. Shortby TradeGATEHub3