We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Bullish
GBP/USD
Mixed
USD/JPY
Mixed
Gold
Bullish
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Bitcoin
Bearish
More View more
Real Time News
  • How can traders avoid #FOMO in trading? Start by implementing a well-heeled plan taking only four hours per week. Get your insight from @JStanleyFX here: https://t.co/vwUShQPc27 #tradingstyle https://t.co/sY0X38Obfh
  • 🇺🇸 USD MBA Mortgage Applications (FEB 14), Actual: -6.4% Expected: N/A Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-02-19
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.90%, while traders in France 40 are at opposite extremes with 80.96%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/8v6pfU4wc0
  • Heads Up:🇺🇸 USD MBA Mortgage Applications (FEB 14) due at 12:00 GMT (15min), Actual: N/A Expected: N/A Previous: 1.1% https://www.dailyfx.com/economic-calendar#2020-02-19
  • The #Euro has dropped to a four-month low against the US Dollar, testing pivotal range support. A break below that may set the stage for a move toward the 1.07 figure.Get your market update from @IlyaSpivak here:https://t.co/20JWgb4Y8g https://t.co/GoXkn7IjBy
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.19% Silver: 1.08% Gold: 0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/9pK12DdVOk
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.19% 🇳🇿NZD: 0.14% 🇦🇺AUD: 0.05% 🇨🇭CHF: -0.08% 🇬🇧GBP: -0.13% 🇯🇵JPY: -0.45% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/g3eknBXi3e
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: France 40: 0.73% Germany 30: 0.64% Wall Street: 0.22% US 500: 0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/WPF9syYyye
  • Euro vs USD Price Forecast: EUR/USD Eyes New Lows – Will the Selloff End? More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2020/02/19/Euro-vs-USD-Price-Forecast-EURUSD-Eyes-New-Lows--Will-the-Selloff-End-MK.html?CHID=9&QPID=917714 https://t.co/I7sA9XdsDH
  • LIVE NOW! Currency Strategist @PaulRobinsonFX discusses important technical developments relevant to short to intermediate-term commodity and equity index traders here - https://www.dailyfx.com/webinars/816147795?CHID=9&QPID=917720&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
Nordic Currencies Locked in Some Short-Term Consolidation

Nordic Currencies Locked in Some Short-Term Consolidation

2011-10-10 05:56:00
Joel Kruger, Technical Strategist
Share:

Eur/SekThe market remains very well supported and we look for a continuation of gains and fresh upside extension back towards key multi-week resistance by 9.35 over the coming days. A sustained break above 9.35 should accelerate gains and mark a material bullish shift in the overall structure. Ultimately, only a weekly close below 9.00 would give reason for concern.

Usd/SekThe market looks to be in the process of a major structural shift, with the latest multi-day consolidation broken to confirm the formation of a higher low and next major upside extension beyond 7.00. For now, the 6.50 area is expected to support any pullbacks and buying dips towards the psychological barrier is the preferred strategy. Ultimately, only a daily close back under 6.40 gives reason for concern.

Usd/Nok The market looks to be in the process of a major structural shift, with the latest multi-day consolidation broken to confirm the formation of a higher low and next major upside extension towards 6.00. For now, the 5.60 area is expected to support any pullbacks and buying dips towards the psychological barrier is the preferred strategy. Ultimately, only a daily close back under 5.45 gives reason for concern.

Eur/NokWe believe are finally starting to see the formation of a potential base in the cross following the latest sharp bounce out from some very solid support in the 7.50 area. From here, look for an acceleration of gains through the multi-week range highs by 7.95, with further acceleration expected on a break above 8.00. Only back below 7.70 concerns.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.