📍 USDSEK Long Term Macro Map
After the " Moment of Truth for SEK " flow, which was so difficult with its own inherent positional issues, the next update here should appear all too straightforward again. Of course a well planned macro flow does not have to last forever; a dollar devaluation swing which only crops up occasionally, in fact can even threaten the...
Hi Guys,
if the breakup of the horizontal resistance will be confirmed over the next week, we can project a new monthly target at 13.
Thank you,
Simone
USD/SEK 4H Chart: Channel Down
The American Dollar is gradually loosing value against the Swedish Krone in a three week long narrow descending channel.
The pattern represents a continuation of the general downtrend that has started in beginning of the year.
During the last two weeks the currency rate has been moving along the 20- and 55-period SMAs,...
USOIL is at a major trendline from a year ago and the .618 fib level of the last major leg. Also, two pin bars have formed around this area. Also, the USDOLLAR is weak across the board after the rate hike. Technically, we have a MACD crossover, a cypher pattern on the daily chart, and then a rejection of the 8/21 with a bearish pin bar. Finally, USDSEK, which is...
USDSEK EXPECTED MOVEMENT
FIRST TILL 8,7000 THEN TILL 9,000 THEN TILL 8,9000 THEN TILL 10,2000
THE FINAL TARGET WILL BE BETWEEN 31/3/2017 TO 31/05/2017
GOOD LUCK FOR ALL
NOTE , MAY BE WE DONT SEE THE FIRST TARGET 8,7000
SO NEVER SHORT THE PAIR WHEN IT IS ABOVE 9,000 .
