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SEK

ridethepig | Remaining Short EURSEK A timely update to the EURSEK chart with 2020 flows entering into play as widely anticipated. Lets start by reviewing the concerning Macro Map in the diagram: In the longer term, positional swings come down to a struggle between patience on the one hand and greed tendencies on the other. In this all-encompassing battle, economic strategy, though important in itself, will always need the presence of technicals in order to strive for mobility. I am expecting sooner or later the free-fall to begin and get rid of the early dip buyers. Good luck all those on the sell side. As usual thanks for keeping your support coming with likes, comments and etc!
Short
by ridethepig
ridethepig | SEK Long-Term Macro Map📍 USDSEK Long Term Macro Map After the " Moment of Truth for SEK " flow, which was so difficult with its own inherent positional issues, the next update here should appear all too straightforward again. Of course a well planned macro flow does not have to last forever; a dollar devaluation swing which only crops up occasionally, in fact can even threaten the 6.80x support. Some 8 candles later, the flows are following the widely mapped positional forecast. This swing has the clear fundamental advantage from the soft inherent picture in Sweden. Things have not settled down on the virus front which has become quite forgotten by many. Then of course when a second wave occurs in the Northern Hemisphere during the Winter months, the almost forgotten complacency will return, bringing a zig-zag into the initial forecast into the initial 8.20x target. Dollar seller's last move sees the impulsive swing being instated, for the threat is now the clear advance onto the main targets. It is therefore logically and casually relevant to all G10 crosses to include the DXY maps: At the point when this was made, Fed was seen as a deer in the headlights via Covid capitulation / flip flop and, with what immense trouble they will have now in achieving credibility after funding the Whitehouse policies in broad daylight!! Watch for the lows next week, its not quite so easy for buyers to dispose of the momentum here: if this happens we may enter into waterfall mode.
Short
by ridethepig
Is there upside for the EUR/USD?The European Commission wants to borrow €750B to help European Nations less capitalized. This is on the back Germany and France’s proposal for a €500B fund intended to be given as grants to poorer nations such as Italy and Spain. Financial times estimate that Italy could be in line to get close to €82B The extra €250B was suggested by the European Commission in order to fund loans to member states. This tested a critical 1.099 resistance level as bulls rode the rally up on the good news. How is the European Union going to pay for the grants? European Commission President Ursula von der Leyen is proposing a myriad of taxes to pay for this fund. These taxes include a tax on plastic, carbon usage and big tech, raising billions of euros a year. What is the long-term view on the EUR/UISD? As many countries, Europe is being propped up with billions of dollars of quantitative easing. Historically, quantitative easing has put pressure to the downside for the currencies the central banks directly deal with. However, if all the central banks are implementing unprecedented quantitative easing measures, what will dictate the which currency outperforms? It is highly likely that the currencies that outperform are those whose governments lead and excel in their long term actions with regards to the Coronavirus. If we take a look at the reutrns of some currencies against the USD We can see that debatably, the currencies that have had the largest returned implemented effective Coronavirus policies. The risk off rally giving the USD its initial boost have mostly disappeared as risk on sentiment starts in the markets. It is obvious that there are more factors in play, however it is interesting to note the comparison. Are you bullish on the Euro?
by BlackBull_Markets
1
Short Modernity, Long Tradition.The only reason the time frame is so low is because I simply do not have enough data to work off otherwise, but I'm going to wager that the Swedish Kronor depreciates against the Mexican Peso, being that the Kronor is backed by a pro-immigration millennial gubment amidst a global pandemic while the Peso has both trumpbux repatriation efforts and a government that is actively shutting down borders as stimulus programs. Should the value of Swedish fiat be more than 1.5x that of the small dollar? I mean peso? Think of this as an investment in MXN against Sweden, the weakest pair I could figure, not the other way around. Especially into the warmer months. Who am I to counter-trade HA trend?
SShort
by UnknownUnicorn719792
2
Daily Analysis on USDSEK by ThinkingAntsOkUse this as a guide to develop your view of the chart. Main items we can see on the Daily Timeframe. a) The main structure the price is in is an ascending channel. b) Currently, the price is on the higher trendline of the ascending channel. c) Remember that Technical Analysis doesn't tell us what is going to happen. Technical Analysis shows us zones in which there is a certain probability that something happens. d) With the previous item clear, we expect a corrective structure on the current level or a reversal movement. What we want to see is the effectiveness of the cloned channel. Enjoy your weekend!
by ThinkingAntsOk
1