{"id":8812,"date":"2010-04-26T09:15:33","date_gmt":"2010-04-26T13:15:33","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8812"},"modified":"2010-04-26T09:15:33","modified_gmt":"2010-04-26T13:15:33","slug":"eursek-due-for-upward-correction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/26\/eursek-due-for-upward-correction\/","title":{"rendered":"EUR\/SEK Due For Upward Correction"},"content":{"rendered":"<p><strong>By Dan, ForexYard<\/strong> &#8211; The following is the Forexyard daily chart for EUR\/SEK.  As will be  shown through a variety of technical indicators, following a prolonged  downward trend the pair is due for a bullish correction.<\/p>\n<p>The technical indicators used are the  Bollinger Bands, Relative Strength Index (RSI) and Stochastic Slow.<\/p>\n<p>1.  The tightening of the Bollinger Bands at the lower support line  indicates that a drastic price change may occur in the near future.   While the direction of the price change is not yet known, our other  technical indicators will paint a clearer picture of where the pair is  headed.<\/p>\n<p>2.  As seen in our chart, the RSI line is dipping below the lower  support line.  This typically indicates that an upward correction should  take place in the very near future.<\/p>\n<p>3.  Our theory of an imminent bullish correction is further  substantiated by the Stochastic Slow.  As seen in the chart, the lines  are crossing below the lower support line.  This is usually an  indication that an upward correction is likely to occur.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/scandinavian-26.2.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/scandinavian-26.2.bmp\" alt=\"\" width=\"595\" height=\"581\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                       Yard.<\/strong><\/a><\/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>By Dan, ForexYard &#8211; The following is the Forexyard daily chart for EUR\/SEK. As will be shown through a variety of technical indicators, following a prolonged downward trend the pair is due for a bullish correction. The technical indicators used are the Bollinger Bands, Relative Strength Index (RSI) and Stochastic Slow. 1. The tightening of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/26\/eursek-due-for-upward-correction\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/SEK Due For Upward Correction&#8221;<\/span><\/a><\/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-8812","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8812","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=8812"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}