Week Ahead – Tracking the recovery: is Europe lagging the US?

Posted on September 18, 2020 at 12:53 pm GMT

The latest flash PMI releases will dominate the economic agenda next week as the recovery in the United States appears to be picking up a gear, while the European rebound may have hit a snag. The tables have been turning lately in the US vs Eurozone recovery story, threatening to unravel the euro rally. Trying to predict the economic comeback from the pandemic will also be preoccupying policymakers at the Reserve Bank of New Zealand at their September meeting amid [..]


Technical Analysis – USDSEK aiming to continue bullish run

Posted on February 18, 2020 at 4:08 pm GMT

USDSEK’s appreciation in price appears to be here to stay as it is currently tackling the 9.763 resistance from November 13. Further enhancing the price above the simple moving averages (SMAs) and the Ichimoku cloud, are the rising Tenkan-sen and Kijun-sen lines, which reflect the increase in positive momentum. The MACD, in the positive region, has moved back above its red trigger line, while the increasing RSI, has just climbed into the overbought territory. Worth mentioning, is the recent bullish [..]


Technical Analysis – USDSEK paints a positive picture from the start of the year

Posted on January 30, 2020 at 4:26 pm GMT

USDSEK seems to be in the process of extending its gains off the end of year low of 9.293 and is currently testing the 9.652 point. The improving picture – which overran the 200- and 100-day simple moving averages (SMAs) – appears to be aided by the recent bullish crossover of the flattened 50-day SMA by the upward sloping 20-day one, and the momentum indicators. Within the momentum indicators, things look optimistic with the MACD accelerating in the positive region [..]

Week Ahead – BoE and BoJ to stand pat, Riksbank may hike; last flash PMIs of 2019 eyed

Posted on December 13, 2019 at 11:45 am GMT

The last of the major central bank meetings of 2019 will be the main highlights next week as the Bank of England and Bank of Japan get their chance to set policy after the Fed and ECB decisions this week. Sweden’s and Norway’s central banks will too be holding policy meetings in the coming days and it’s going to be a busy week for economic data as well, with the December flash PMI releases attracting the most attention. The pound [..]


Technical Analysis – USDSEK completes head and shoulders pattern; sellers take control

Posted on December 11, 2019 at 2:38 pm GMT

USDSEK may continue to lose ground after diving below the neckline of the head and shoulders pattern and the fresh 9.4640 swing low. Further boosting the negative picture is the bearish crossover of the 100-day simple moving average (SMA) by the downward sloping 50-day one. The short-term oscillators are also reflecting increasing negative momentum. The MACD is declining below its red trigger line in the negative zone, while the RSI, in the bearish region, is falling and has reclaimed the [..]


Technical Analysis – USDSEK capped by 100-day SMA and 50.0% Fibonacci; possible formation of a head and shoulders pattern

Posted on November 4, 2019 at 4:24 pm GMT

USDSEK buyers are attempting to push above 9.6020, which is the 50.0% Fibonacci retracement of the up leg from 9.2390 to 9.9630, and where the 100-day simple moving average (SMA) resides. The bulls’ efforts to halt further losses could be in vain, as a head and shoulders pattern appears to near completion, with a close below 9.5540 and the neckline potentially signaling a deeper downtrend. The short-term oscillators reflect mixed signals but lean towards the negative picture. The MACD is [..]


Technical Analysis – USDSEK decline ceases at swing low and 38.2% Fibonacci

Posted on October 10, 2019 at 3:29 pm GMT

USDSEK attracted buyers around the 9.82 – 9.83 support region denying the bears further losses. Buyers are attempting to keep the positive picture in place, something also backed by the upward sloping simple moving averages (SMAs) and the uptrend line. The short-term oscillators reflect weakening negative momentum. The MACD has distanced itself under its red trigger line, and holds slightly above the zero line, while the RSI is in bearish territory and has turned back up before reaching the 30-level. [..]


Technical Analysis – USDSEK collapses below the uptrend line

Posted on September 5, 2019 at 1:38 pm GMT

USDSEK’s weekly gains that peaked at 17-year highs evaporated as the bears showed up and plunged the pair through the 50- and 100-period simple moving averages (SMAs). The move engulfed up support levels bringing the price to test the uptrend line. The technical indicators reflect the increasing bearish momentum in the near picture. The MACD has distanced itself from its red trigger line and declines further in the negative region, whilst the RSI has entered the oversold territory moving lower too. Traders [..]


Technical Analysis – USDSEK bulls take control and fracture 17-year high

Posted on August 20, 2019 at 12:52 pm GMT

USDSEK’s revived rally upwards from the 9.4925 low of August 14, saw the bulls take the reins to push the pair higher above a 17-year high of 9.6980. The Tenkan-sen average has steepened confirming the new move, whilst bullish signals also come from the 50-, 100- and 200-period simple moving averages (SMAs) as they rise on the four-hour chart. The MACD and the RSI concur with the apparent strength in positive directional momentum, as the MACD has moved above its [..]


Technical Analysis – USDSEK fails attempt for strong close above 17-year high; declines back below

Posted on August 1, 2019 at 12:46 pm GMT

USDSEK rallied to a new 17-year high of 9.6980, starting from a low of 9.2985 on July 18. But sellers would not have it, and drew the price back below 9.6858, which was the previous 17-year high back in May. Despite bullish signals from the 50-, 100-day simple moving averages (SMAs), as they are heading up, and the Bollinger bands indicating high volatility, traders should be aware that a possible pullback is on the table. The momentum signals, although bullish, [..]

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