28/05/2012

SWED downgraded to bear market

Swed monthly chart. Swed needs to close above 1.088 latest on Thursday which is impossible. Then the  strongest of all MA:s will turn down, 21 month MA, see picture. From Friday until April 2013 SWED will not get above 1.068. The 8 MA does not look strong enough to cross the 21 MA on upside. If it should the bear market will be left open again.

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