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SEK

EUR/SEK is seen to reverse back following a series of weak candl𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair is seen to reverse back following a series of weak candles. Sweden celebrated its 25th year of accession to the European Union this month, together with Finland and Austria. They became the 13th, 14th, and 15th Member States of the EU. However, the celebration was market with a rift between the Nordic countries and Brussels. The European Union wants to implement a Eurowide minimum wage, which will hurt rich countries in the Nordic with high minimum wage. The plan of the European Commission was its first step towards creating a framework for minimum wage to be adopted by all EU Member States. However, this will destroy the century-old models of collective bargaining between the Nordic countries and the labor unions. This will eventually result to a disruption among member countries with a lower or higher minimum wage requirements. The bold policy was introduced by European Commission President Ursula von der Leyen.
by Financebroker
USDSEK: Pressure by the MA50. Buy opportunity lower.USDSEK had a strong enough rebound on the July 19, 2019 Support, managing to turn 1D bullish again (RSI = 55.827, ADX = 26.453, Highs/Lows = 0.0481) since November. We are expecting this bounce to accumulate more buyers in the process aiming at the 9.7000 Symmetrical Resistance. Conservative traders may enter a little lower as a pull back is very much possible if the 1D MA50 (blue line) holds. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
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.
Short
by ridethepig
2
NZDSEK: Sell opportunity within the 1W Channel Down.The pair is trading within a 1W Channel Down (RSI = 47.865, MACD = -0.019, Highs/Lows = 0.0000) since March and the neutral technical indicators suggest that the price made a Lower High within the Channel and is preparing for the next bearish leg towards a new Lower Low. On top of that the Lower High rejection (on the inner dashed trend line) took place on the 1D MA200. We have 6.0100 - 6.0500 as the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
GBPSEK: The short opportunity of the Golden Cross.The pair is trading within a strong long term Channel Up since October 2017 on the 1M (monthly) chart (RSI = 60.289, MACD = 0.143, Highs/Lows = 0.3378). It is currently testing the 12.6000 1W Resistance following a Golden Cross on the 1D chart. This formation has delivered a roughly -4% drop on the past two occurences. Since the RSI topped at 80.000 which is always a sell zone on 1D, we are going short with TP = 12.2000 or once the 1D RSI touches 38.500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
USDSEK: Higher Low on 1W. Long opportunity.The pair is trading on a very long term Channel Up on a monthly basis and based on the neutral 1W indicators (RSI = 54.242, MACD = 0.104, Highs/Lows = 0.0000, CCI = -24.9765) is on the Higher Low Buy Zone. This can initiate a potential rebound which makes it a medium term buy opportunity for us. The RSI on the 1D frame has also entered the Buy Zone. Our Target Zone is 10.000 - 10.100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
3