SWEDISH KORONA – RIKSBANK & ECB Central Motives…

SWEDISH KORONA  –  Back Today on ATA Research Radar 

 

ATA Continuation of…

9.09.2018 –  SWEDISH KORONA vs Sweden General Election…

with

ATA Following …

DXY Index & EUR/USD

31.03.2019 –  DXY – F/X MARATHON ELITE…

26.05.2019 – EUR/USD – European Political New Arrangement Risk…

US YIELD 

29.05.2019 –  US 10Y BOND YIELD – Awakening & Run to Safe Haven…

 

SWEDISH KORONA Master Motives

Latest Central Motive –  Dovish Riksbank – Signaled Delayed Rate Hike

Riksbank Decision  – Hold Benchmark Rate at  – 0.25 %

Continue  Accommodative Policy

&

Swedish  GDP Q1 2019  0.6% 

Slowing from  1.2 % expansion in  previous period 

vs

Beating expectations of a 0.2%

 

SWEDEN

 

First…ATA from  9.09.2018

” SWEDEN KORONA  LONG TERM RISK OF WAVE can be Near the END…!!!

but

Now  we must see

Confirmation  of  2B  Strategic Technical Pattern… 

 

Second…Present  SWEDISH KORONA  Situation 

 

First…Main Motives

Global & US – EU Slowdown  & Recession Risk

FED  vs ECB & BOJ Monetary Policy

&

TRUMP Trade War

Tariffs Trump Key Tweet 

New US Tariffs

New China Tariffs 

&

IRAN – AMERICAN STRIKE RISK

NORTH KOREA RISK Back 

with

Special New SWEDISH KORONA  Motives

above in this text…

 

Second…Market Technical  Patterns 

Long Term Top 2B & 2B Bis Patterns

( Monthly & Weekly Charts )

2B –  Key Level 10.73

2B Bis – Key Level 10.69

with

Last High  10.85 ( May 2019 )

&

Monthly Candlestick Pattern – Shooting Star 

( May 2019 )

Two Inverted Ending Diagonal Patterns 

Big  ( 2012 – 2019 )

&

Small  ( December 2018 – May 2019 )

( Weekly Chart )

with

FIB RET  68.5%  Last Wave Down  ( 2009 – 2012 )

 Key Level 10.66 Zone 

Daily MACD Sell Signal

vs

still Active

Daily Rising Channel – Last Low Support 10.59

with

FIB RET  Last Wave Up  ( 2012 – 2019 )

&

Monthly MACD near to Back Active Buy Signal 

Weekly MACD Buy Signal

 

 

ATA  EUR/SEK  Investment Conclusion 

Focus carefully Result of  Testing 

Top Key Level Zone  10.69 – 10.73

vs

Last Support Zone  10.59

that’s shows

SEK Future Direction 

 

 

N – TIMES

Finally …

F/X  Maxim 

Most Important is  Final  Smart Money Reaction….

First…EOD-s 

Second…EOW-s

Final…EOM – Now June 

 

EUR/SEK Monthly  Weekly & Daily Charts

 7.09.2018

EUR-SEK -M

EUR-SEK -W

EUR-SEK -D

 5.06.2019

EUR-SEK - M

EUR-SEK - W

EUR-SEK - D

 

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