Guest Posted June 21, 2004 Report Share Posted June 21, 2004 Here are six charts of the USD/SEK. I'm trying to determine when the best time will be to repatriate U.S. dollars to Swedish Kronas. Any thoughts are much appreciated. 1) Broke out of a symmetrical triangle and has now come back to the apex/breakout point. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 2) Strong support in the 6.60 area. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 3) 6.60 is the next swing point. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 4) I'm not an Elliott fan but it looks like we have five very distinguishable waves off the top. That usually marks the end of a move. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 5) We jumped the falling downtrend and came back to retest. That's a sign of strength. It looks like what used to be resistance is now support. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 6) In a shorter time frame another trend line manifests itself and looks like strong resistance. Link to comment Share on other sites More sharing options...
Guest Posted June 21, 2004 Report Share Posted June 21, 2004 Perhaps a small ABC up to 8 SEK / USD Link to comment Share on other sites More sharing options...
threadbare Posted June 22, 2004 Report Share Posted June 22, 2004 Maxi, On a gut level, I'd say right now. The dollar is poised to go one to one with the Canadian dollar, in the next couple of years, if the liberals are reelected. The fed is going to say whether they raise key interest rate today. If they just raise it a tiny bit or not at all, the dollar will probably plummet against other fiat currencies, at least for the short term. Is the krona backed by gold? Link to comment Share on other sites More sharing options...
Butterfield 8 Posted June 22, 2004 Report Share Posted June 22, 2004 krone not backed by gold, but Sweden has a trade surplus. Link to comment Share on other sites More sharing options...
threadbare Posted June 22, 2004 Report Share Posted June 22, 2004 Butterfield, A trade surplus. No kidding? It's those little troll dolls--everyone wants one! Link to comment Share on other sites More sharing options...
Guest Posted June 23, 2004 Report Share Posted June 23, 2004 I think there is a fairly good chance we have seen the lows on the dollar and am on the verge of becoming long term bullish. As such I believe we could see at least 11 on the SEK within the next 3-5 years. Nearer term I see resistance at around 8.30-8.60. Link to comment Share on other sites More sharing options...
Pee Brain Posted June 25, 2004 Report Share Posted June 25, 2004 summer 2001 Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2004 Report Share Posted August 4, 2004 Any Swedes out there? Link to comment Share on other sites More sharing options...
Guest Posted August 4, 2004 Report Share Posted August 4, 2004 The Krona has cleared two descending trend lines and is weakening vs the dollar. Link to comment Share on other sites More sharing options...
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