USD/SEK stages crushing decline

The 1-hour USD/SEK MACD series is sitting at extreme lows.

Recent plummeting USD/SEK price action has been highlighted by an above-average distance between MACD and its signal line. From a strategic standpoint, there could be further stomach-churning dips to endure, as well as brief relief rallies. The latest MACD print shows dissipation of downside momentum, thus reinforcing the second scenario.

Aug 24, 2015

EUR/GBP reaches 0.7400 for the first time since April

Risk aversion worldwide boosted the yen and also the euro. EUR/GBP rose above 0.7300 during the Asian session and recently broke above 0.7340 (previous daily highs) and jumped to 0.7421, hitting the highest level in four months as stocks extended losses in Europe and in Wall Street.

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Aug 24, 2015

EUR/USD retreats from 1.17, toward 1.1600

EUR/USD declined more than a hundred pips from daily highs and currently is trading at 1.1560/80, 210 pips above the level it closed on Friday. Greenback is trimming losses against the yen and European currencies as stocks in Wall Street move of session lows. The Dow Jones is now losing “only” 2.05% or 340 points after being down more than a thousand points.

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