{"id":17153,"date":"2010-12-21T08:17:30","date_gmt":"2010-12-21T13:17:30","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17153"},"modified":"2010-12-21T08:17:30","modified_gmt":"2010-12-21T13:17:30","slug":"eursek-bullish-reversal-on-the-horizon","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/21\/eursek-bullish-reversal-on-the-horizon\/","title":{"rendered":"EUR\/SEK Bullish Reversal On The Horizon"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong><\/p>\n<p>With some exceptions, the EUR\/SEK pair has been in a continuous  downward spiral for the last few weeks, dropping over 1900 pips.   Technical indicators are now showing that a bullish correction may occur  in the near future.  This presents Forexyard traders with an excellent  opportunity to enter into buy positions at a great starting price.<\/p>\n<p>We will be analyzing the daily chart for  EUR\/SEK, provided by Forexyard.  The technical indicators being looked  at are the Relative Strength Index, Stochastic Slow and Williams Percent  Range.<\/p>\n<p>1.  As can be seen, the Relative Strength Index is currently floating  right above oversold territory.  Should the indicator cross the lower  support line, it would be a clear sign that the pair may stage a  reversal.<\/p>\n<p>2. A bullish cross has formed on the Stochastic Slow, in a clear sign  that the pair is oversold.  This further supports our theory that an  upward correction is likely to take place soon.<\/p>\n<p>3. The Williams Percent Range is currently right around the -80  level.  Typically, anything below -80 indicates that the pair is in the  oversold region, and that an upward correction is imminent.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/scand-chart-21.12.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/scand-chart-21.12.bmp\" alt=\"\" width=\"534\" height=\"519\" \/><\/a><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                                  may           not          be                               suitable                 for               all                                                     investors.                            There                    is       a                                                                                         possibility                                 that                                            you                            could                                      sustain  a                  loss                         of         all                   of                        your                                                                                investment          and                                                                   therefore         you                                                      should               not                                       invest                                       money                that                    you                                                   cannot                                     afford    to                                              lose.            You                                                should                   be                          aware                 of                                  all                      the                      risks                                                                  associated                         with                                 Foreign                                             Exchange                                                     trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With some exceptions, the EUR\/SEK pair has been in a continuous downward spiral for the last few weeks, dropping over 1900 pips. Technical indicators are now showing that a bullish correction may occur in the near future. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-17153","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=17153"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17153\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}