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EUR/SEK Sticks Within Its Range

fxsurprise8 Publicado 30 Abr como análisis en EUR/SEK, Objetivo: 9.6445, Fecha: 1 de Junio, 12:00 GMT  en #Technical analysis #SEK #Ecb #Europe #EUR/SEK #Range Bound #Single Currency #Swedish Krona #Trump #Us Elections
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.
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More of the Same in EUR/GBP

fxsurprise8 Publicado 31 Mar como análisis en EUR/GBP, Objetivo: 0.84865, Fecha: 1 de Mayo, 12:00 GMT  en #Technical analysis #GBP #Euro #Cable #EUR/GBP #Pound #Range Bound #Range Box #Trump #Us Elections
The EUR/GBP seems destined to continue in the path of mean reversion. Look at the daily chart below. After an initial bump to 0.9300 in October during the post-US-election chaos, prices fell back to the 0.8500 range. This is where we've been trading since around August of 2016.
On the second chart below we're seeing a similar picture on a lower timeframe. Here it's the 4 Hour chart that shows how during the last month (March) this currency pair exhibited a similar pattern. First we rallied stron…
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fxsurprise8 30 Abr

The EUR/GBP opened April at 0.8496, 10 pips above my forecasted price. During the month the pair traded to a high of 0.8590. From here we fell to a low of 0.8312, only to rally back higher. (see chart above).

The 278 odd pips of range is not a lot for one month of trading in a major currency pair. This underscores that apart from the direction, the volatility has been absent as well.

We are currently quoted at 0.8426, about 60 pips away from my target. Hopefully with some end of month luck I can get closer to my forecasted price of 0.8486.

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EUR/SEK Still in Years-Long Range

fxsurprise8 Publicado 31 Mar como análisis en EUR/SEK, Objetivo: 9.5567, Fecha: 1 de Mayo, 12:00 GMT  en #Technical analysis #Europe #Support #Resistance #Range #EUR/SEK #Yearly Chart #Congestion #Swedish Krona #Trump
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…
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