Tag Archives: NOK/SEK
OZ more upside potential, EUR/NOK bullish turn
EUR/USD: The break above 1.3782 certainly got the bulls chargingahead breaking and closing above the 2008 top line as wellas outside the 55d Bollinger bands.
Sell NOK/SEK. Possible break higher in AUD/USD
EUR/USD: Slowly but so far not really convincingly the market hasbacked off from the 2008 top line (55d Bollinger bandshigh). It will in fact take a break of 1.3643 to raise confidenceof a peak in place.
EUR/SEK & EUR (USD)/NOK test supports. Cable trades lower
EUR/USD: The late Feb rise looks impulsive and the decline thereaftercorrectional (and the Mon “Inside Day” did not deliver andmeaningful downside attempt yesterday).
EUR/USD & EUR/JPY test supports and SEK & NOK seem weak.
EUR/USD: The “Inside day” candle printed yesterday points lower forthe day(s) ahead. If letting go of the 8day equilibriummeasure (which shouldn’t be so hard given the overall weaktrend)
Still looking for a stronger yen. NOK/SEK a 1.0720 sell?
EUR/USD: Friday’s move higher became both bigger and moreimpulsive than what we had in mind. On the other hand as aresult of the latest climb a five wave pattern up from early Feb is about to be completed.
Scandi markets ahead: PMIs on the agenda and focus on inflation at the Riksbank
We expect Swedish manufacturing PMI to continue its recent see-saw pattern anddecline. However, we believe it will remain above the critical 50 line, indicatingcontinued expansion.
JPY strength. USD/CNH peaking? EUR/SEK higher.
EUR/USD: The pair initially fell down to a 1.3643 low to completed anhourly five wave pattern down from the recent high point.The following bounce,
€ takes a beating. USD/CAD higher. AUD/NZD down.
EUR/USD: With the break of 1.3708 the triangle scenario was abortedcalling for a slightly premature peak to have been set. Thefollowing violation of 1.3684 has further enhanced theprobability of a top been put in place.
USD/CHF a buy? NOK buying drying up
EUR/USD: The past week’s inactivity has created a contracting range, abull triangle and as such the best fitted move will be a breakto the topside.
USD/CAD in the buy zone. USD/TRY higher.
EUR/USD: With the slimmest of margins the market failed to take outthe 1.3774 resistance and completing a five wave advance.
EUR/SEK downside correction, bonds in demand
EUR/USD: Last week ended with the highest weekly close of the year(and a third consecutive weekly winner). Together with thebreak above 1.3732 the behavior suggests more topsidepotential near term and