In this blog, we will take a look at the recent price action of USDSEK since we published the short-term view for this pair in Pair was showing an incomplete sequence down from 10.9.2019 (9.964) peak against 11.13.2019 (9.765) and was calling for more downside toward 9.3527 – 9.2549 area. The initial decline from 10.9.2019 (9.964) peak to 10.24.2019 (9.5544) was impulsive so we expected the decline from 11.13.2109 peak also to unfold as an impulse. Let’s take a look at the chart from 12.6.2019 when we showed the pair was close to ending red wave 3.
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USDSEK Forecasting The Decline using Elliott Wave
USDSEK Forecasting The Decline using Elliott Wave
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Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.
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