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Swedish Krona Settles Back in Range

fxsurprise8 Posted 28 Feb. as Analysis on EUR/SEK, Target: 9.5588, Date: 3rd of April, 12:00 GMT  in #Technical analysis #EUR #SEK #Euro #Support #Resistance #Reversal Pattern #EUR/SEK #Mean Reversion #Single Currency
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…
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fxsurprise8 29 Mar.

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.

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fxsurprise8 30 Mar.

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.

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fxsurprise8 31 Mar.

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!

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fxsurprise8 1 Apr.

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!

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fxsurprise8 2 Apr.

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!

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Swedish Krona Mean Reverts Against Euro

fxsurprise8 Posted 31 Dec. as Analysis on EUR/SEK, Target: 9.5765, Date: 1st of February, 12:00 GMT  in #Technical analysis #SEK #Euro #Support #Resistance #Reversal Pattern #EUR/SEK #Mean Reversion #Swedish Krona #V Shaped Reversal
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…
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AUD/NZD to Reverse at Support

fxsurprise8 Posted 31 Aug. as Analysis on AUD/NZD, Target: 1.0741, Date: 3rd of October, 12:00 GMT  in #Technical analysis #AUD #NZD #Support #AUD/NZD #Aussie #Kiwi #Reversal Pattern #Australian Dollar #New Zealand Dollar
The AUD/NZD is nearing important support, this year's low for the pair at 1.0309. We're now quoted at 1.0379 after trading as low as 1.0349 just few hours earlier.
The second reason why I'm betting on a reversal rally here is ho oversold the AUD/NZD is right now. Note the Stochastic on the 4 Hour chart is below 20, signalling oversold territory. My target is 1.0741, right below this summer's highs in this pair. I think a 400 pips rally is about the max the AUD/NZD can do in one month.
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rashadali avatar
rashadali 9 Sep.

good job )

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Yen Looks Overbought

fxsurprise8 Posted 30 June as Analysis on USD/JPY, Target: 104.89, Date: 1st of August, 12:00 GMT  in #Technical analysis #Japan #USD/JPY #Fomc #Us Dollar #Reversal Pattern #Us Economy #Crisis #Japanese Yen #Stochastic
The Yen looks overbought. Normally a safe-haven currency, the Japanese Yen got bought up aggressively in the post-Brexit mayhem. But as we can see on the 4 Hour chart below, things are starting to change with prices possibly bottoming out. We have now retraced over 50% of the Brexit related move, with possibly more gains on the way.
There are signs of a bottom on longer-term charts as well. Notice below how the Stochastic has clearly hit oversold territory in the USD/JPY. The Stoch moved below 2…
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USD/CAD to Rally Higher

fxsurprise8 Posted 31 Mar. as Analysis on USD/CAD, Target: 1.3840, Date: 1st of May, 12:00 GMT  in #Technical analysis #CAD #USD/CAD #Rally #Reversal Pattern #Canadian Dollar #Oil Price #Stochastic
The Canadian Dollar has been one of the big winners from the rally in oil prices this year. The USD/CAD saw most of the post-Fed December gains evaporate and is currently trading at 1.2986, over 1600 pips below the January highs at 1.4688.
Notice the Stochastic indicator on the daily chart below. It has been in oversold territory for over one month now since late February. But things may be changing, notice how the indy is finally turning back higher above the 20 level, signalling a potential r…
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SvetLena 31 Mar.

good

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