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SWEDISH KRONA / EURO

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SEKEUR trade ideas

EUR/SEK - The Long Road Back To 10 PointsTraders, we have a set up on EUR/SEK on the 3H chart, with a cycle pattern buy. (Three drivers pattern). When analyzing this chart, I discovered that price appears to be moving in patterns. Price has an impulse leg, and then has a corrective leg, and then has a new impulse leg that measures the same size as the previous one. When analyzing the chart, I started by measuring the first impulse, I discovered that the price correction seemed to hit a Fibonacci retracement, there was a new impulse leg. Price has recently been impulsive and has been showing signs of more uptrend. Sure enough, when I measured the second impulse leg, it was the exact same measurement as the first impulse. I am expecting an up move up to the Cycle #3 completion, which exactly coincides with a historical high to the EXACT pip! Coincidence? Do remember that before price completes Cycle #3 it will likely correct, so it's important you watch this trade carefully before considering a position. I will be posting updates on this trade below, so leave it a like & follow so that you can keep up to date with this analysis.
Long
by TomProTrader
3
EUR/SEK 1H Chart: Pair moves away from 2017 highThe common European currency has appreciated substantially against the Swedish Krona within the past three months. During this time, an ascending channel was guiding the pair up until a 2017 high of 9.9901 was reached on November 21. The Euro has likewise formed a two-week junior channel. Its bottom boundary has had three confirmations, while the upside was tested early today for the second time. As apparent on the chart, the pair was reluctant to move past the 9.9270 area for the last week. The same situation occurred in this session, as well, before a sudden upward surge breached this channel. The rate could go for the senior channel circa 9.90 today. However, the combined support of the 55-, 100– and 200-hour SMAs is likely to hinder further decline. Meanwhile, technical indicators suggest that the pair could respect the junior channel and thus breach the senior one in a week.
Short
by UnknownUnicorn890690
EURSEK - Daily - Exaggeration.Honestly, somebody really wanted to take out all the SELLers. This move is such an exaggeration that WOW! I believe that even though tomorrow there could be some more BUYing, still eventually it will have to come and re-test the strong resistance line, that was broken today and has become a potential support for the future price moves. This level was 9.80679 (this year's high), which now will be a good support. On the upside, we have the old 10.00729 and 10.08167 levels, which were the top highs for the past 7 years. Last time those levels were met were in 2010. So now EURSEK is on it's way to hitting those levels again. Don't get me wrong, overall I think we will definitely see those high targets, but not before re-testing that support line that was created today. That's why I am making a call towards the SELL side first and then after I am becoming more bullish. Happy trading and keep an eye on the price action!
Short
by DariusAnucauskas
EUR/SEK 1H Chart: Euro tests 200-hour SMAFollowing a five-week appreciation against the Swedish Krona in an ascending channel, the common European currency has formed a channel in the opposite direction and is thus gradually moving lower. The pair reached a 2017 high last week when the rate reversed from the 9.8044 area. This suggests that a decline in both medium and long term is a likely option. The rate is currently testing the upper line of the junior channel—an area which is likewise reinforced by the 200-hour SMA. From this perspective, the rate should rebound from the this resistance and edge lower. However, given the steepness of the descending channel, this formation is unlikely to hold for long. Technical indicators flash mixed signals, but the overall tendency seems to point southwards. The rate might go as low as the monthly PP circa 9.67 during the following trading sessions prior to making a minor recovery.
by UnknownUnicorn890690
2
EURSEK SHORT (WEEKLY) - correction of earlier long ideaI had given a vague head and shoulders pattern that suggested a long that was visible on the daily chart. The stochastic indicator which usually affirms the directional bias in some cases for me was not in agreement. So I had to dig deeper rather than just relying on the said vague head and shoulder and am convinced EURSEK will go down to 9.33 BEFORE trending LONG. The exact pattern (completed pattern) can be found on the EURJPY weekly chart. The fib ratios are the same, the difference is that the pattern on the EURJPY is inverted.
Short
by KeTrader
EUR/SEK 1D Chart: Channel in TriangleBy 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 triangle is located almost at the 9.50 mark and in the year of 2018, which means that the triangle might hold for a long time. Although one should watch for possible breakouts near its borders. In regards to shorter term trading, the pivot points and the daily simple moving averages are a good guide.
by UnknownUnicorn890690
EUR/SEK going down on all scalesThe 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 resistance cluster located from the 9.5110 mark to the 9.5165 level. On the other hand the rate might fall and search for support in the 55-hour SMA at the 9.4825 level. In addition, if the 55-hour SMA continues to decline, it will be strengthened by the weekly S1 at the 9.4796 level.
Short
by UnknownUnicorn890690
EURSEK - Daily - Karlsson is getting stronger... For now.Because, at the moment, I am a believer in the Euro weakening, I think it's a great opportunity for all other currencies to recover against it. This opportunity might not last for too long, but certainly is something to keep in mind for the time being. I think it is clear that it will try to touch the closest upward trend line. That's only if there won't be any ridiculous statements from the ECB or "Sverige". In the mean time, I am looking for it to touch that trend line and then we will have re-evaluate the situation. Maybe it will become a strong support and it will bounce from it higher. Personally me, I doubt that, because the ideal area for the bounce would be the even lower bubble on the lower trend line. But hey, what I want is not taken into consideration by the market. As always, keep an eye on the price action!
Short
by DariusAnucauskas