EUR/SEK 4H Chart: Broadening Rising Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro/Swedish krona cross decided to move horizontally along with EUR/CAD currency pair. It has recently touched the lower trend-line of the channel up and is assumed to gain value in the longer-term, as suggested by weekly technicals. At the same time, the present lack of bullish strength can be explained by strong negative market sentiment, as more than 72% of SWFX traders are short on this currency pair and four-hour studies send signals to the south, while daily ones are neutral at the moment. The Euro may start a strong advance in case it successfully crosses the 200-period SMA at 9.1842. Otherwise, that pair may continue hovering around present trading level for some period of time.
© Dukascopy Bank SA
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Fri, 26 Sep 2014 07:45:59 GMT

EUR/AUD 1H Chart: Channel Up

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