fxsurprise8的博客

Avatar

EUR/SEK Stays in Range All of 2017

The EUR/SEK is having another ranging year. The pair opened 2017 around the 9.57 handle is now quoted at 9.61, a percentage change of less then half of 1%.
But going back in time doesn't change the picture (see below). Here too we're seeing this currency pair locked in a range most of the time too. In fact except for a brief excursion above the 10 round figure during the US election last year, the EUR/SEK stayed remarkably flat.
The larger range spanned from 9.11 to 9.80, or around 7 percent. Th…
阅读全文
翻译为 英语 显示原始
留言
Avatar

Range-bound Moves Persist in EUR/SEK

The smaller range-bound moves persist in the EUR/SEK. The pair opened March around the 9.55 handle and is currently trading at 9.4533, a percentage change of just over 1 percent. The chart also demonstrate a classic V-shaped reversal pattern.
Our second chart below also shows this V-shaped pattern but on much bigger timescale, the weekly chart. Here too we're seeing the EUR/SEK range-bound behavior.
This currency pair keeps being brought back to the 9.50 area, no matter how much it tries to stra…
阅读全文
翻译为 英语 显示原始
留言
Avatar

Swedish Krona Stays Flat in July

The Swedish Krona stayed mostly flat during July. The pair opened the month at 9.62 and closed it at 9.55. In percentage terms this is only 0.73%.
The chart above shows that this range narrowed further during the second part of the month. During this time-period the EUR/SEK moved between a low of 9.50 and a high of 9.62. But most of the time was spend in the middle of this range doing nothing.
On the longterm weekly chart above we see that the current smaller 4h range in right in the middle. In …
阅读全文
翻译为 英语 显示原始
留言
Avatar

Multiple Studies Says EUR/SEK to Stay Near Longterm Average

This is one of those pictures that's worth a thousand words. The chart below shows mutiple studies confirming my view that the EUR/SEK will stay near its long-term average. First we have the 200 month moving average in blue. It's currently at 9.277, only 5 percent away from the current market price. This means that the current price is just a few days worth of trading away from its average during the past 16 years.
If that doesn't show you the state of this currency pair, there's more! Notice th…
阅读全文
翻译为 英语 显示原始
留言
Avatar

EUR/SEK Sticks Within Its Range

The EUR/SEK is still within its long-term range (See chart below). Aside from a brief excursion during the Trump election, the rest of the time the pair is all contained.
On the lower time-frames we see a similar picture. Look at the 4 Hour chart below and all those zig-zags. Prices has been moving aimlessly this month, struggling to find direction.
With both charts saying more of the same (range) I'm inclined to bet on prices staying near the current market price of 9.6445.
阅读全文
翻译为 英语 显示原始
留言
Avatar

EUR/SEK Still in Years-Long Range

The EUR/SEK has been trading in years-long range. It briefly ventured outside of the bounds of this range immediately after the mayhem post-Trump election. This period is marked with a large rectangle. Soon after sanity returned, as can be seen on our first chart below.
The second picture shows a more recent snapshot from the latest month. We opened at 9.5573, then rallied to a high of 9.6295 only to get sold into a low of 9.4560 just few days later. From here however we got yet another mean-rev…
阅读全文
翻译为 英语 显示原始
留言
Avatar

Swedish Krona Settles Back in Range

The Swedish Krona is settling back into its long-term range against the Euro. The pair ventured above the highs of this range at 9.7291 during the chaos after Trump's election victory. But since then we've seen that move slowly retraced back down.
We are currently quoted substantially below the 9.7291 resistance level. And as we can see on our next chart below, the situation doesn't look better on the lower time-frames either. Here too we're seeing range-bound price movement.
The pair opened the…
阅读全文
翻译为 英语 显示原始
fxsurprise8 avatar

UPDATE 3: The pair continues to follow mean reversion, albeit in a bit larger range. Today a low of 9.5412 was hit, soon followed by a high of 9.5734.

Few hours later the momentum shifted again, this time to the downside. The EUR/SEK eventually closed the day at 9.5450, barely changed from the 9.5490 open.

We are currently quoted at 9.5454, only 0.14 percent away from my targeted price. Everything continues to go according to my plan here.

fxsurprise8 avatar

UPDATE 4: It's starting to look like Groundhog Day here as we got another day with high volatility but little decisive movement in the EUR/SEK.

First the bulls pushed prices all the way up to 9.5679, just below yesterday's high at 9.5734. This was quickly followed by heavy selling again that took us to a low of 0.95435.

We are currently quoted at 9.5451, almost no change compared to the price noted in my previous update (9.5454). Clearly mean-reversion is still at play here.

fxsurprise8 avatar

UPDATE 5: This pair continues to perform mostly as expected. It's now trading at 9.5558, drifting even closer to my forecasted price at 9.5588.

Let's examine what happened this month. We opened at 9.5573, then rallied to a high of 9.6295 only to get sold into a low of 9.4560 just few days later.

From here however we got yet another mean-reverting move that brought us back toward the 9.5500 area, where we are trading right now. Clearly my original call for range-bound market in March has been right so far!

fxsurprise8 avatar

UPDATE 6: This for another update, this time with a chart. Let's put in a picture what we've been saying in words.

The picture shows the EUR/SEK price action during March. Let's examine what happened this month. We opened at 9.5573, rallied to a high of 9.6295 only to get sold into a low of 9.4560 just few days later.

We closed on Friday at 9.5526, barely changed compared to the monthly open. With only half day of trading left on Monday in this contest, odds look good for a top position!

fxsurprise8 avatar

UPDATE 7: The Euro is having a small revival with the start of the week across the board. While most EUR pairs closed near the lows on Friday, in the early hours on Sunday we're seeing them slowly creep back up!

The Swedish Krona had an interesting start to the week. First we gapped opened lower to 9.5436, only to rally back to 9.5572 right now.

This is only 16 pips away from my forecasted price, or 0.02% in percentage terms. If things don't change much on Monday, I have a real shot at the first place position this month!

留言
Avatar

Swedish Krona Mean Reverts Against Euro

The Swedish Krona mean-reverted against the Euro yet again. This wont come as a surprise to the readers of my TA posts, because I've written about the range-bound nature of this pair for the past few months. In the process of reversing the pair fell back below the 9.73 handle, a key resistance level that kept a lid on prices.
On our next chart we can see just how important this level has been. It remained unbroken for the past few years, holding the EUR/SEK in a tight range. Things are not looki…
阅读全文
翻译为 英语 显示原始
留言
Avatar

False Breakout for the Swedish Krona

The Euro rallied strongly against the Swedish Krona at the end of October. It even broke above the long-term resistance near 9.7300. But as can be seen on the chart below, all those gains evaporated in a span of few weeks. We are now quoted at 9.7713, only 0.41% away from the 9.7300 breakout point.
The strong rejection of the upside move and the near-complete retracement to the breakout point suggests that the rally in this pair is over. As we can see on the chart below, all previous breakouts, …
阅读全文
翻译为 英语 显示原始
留言
Avatar

Gains for EUR/SEK WIll Not Last

The EUR/SEK finally managed to break above a two-year resistance line at 9.7256. But I don't think these gains will last and here's why. We're now quoted at 9.9140, only 1.9 percent away from the resistance. This is a fairly small amount.
But more important, this type of breakouts have happened many times in the past few years and it always ended in tears for the bears. Take a look at the chart below. We mark several bullish breakouts and they all ended with prices reverting deep towards the mea…
阅读全文
翻译为 英语 显示原始
fxsurprise8 avatar
fxsurprise8 28 11月

So far the general theme of my forecast has been correct. The EUR/SEK is currently quoted at 9.7746, well below the highs reached back in October.

As recent history shows (see the second chart above) breakouts in this pair tend to fail. After hitting a high of 10.0808 on US election day, it has been down ever since for the EUR/SEK.

Few days ago we hit a low of 9.7409 and we're now trading at 9.7746, about 1.4% away from my forecasted price. Let's hope that mean-reversion kicks in again, this time pushing prices higher from oversold territory.

留言
更多