Sunday 9 May 2010

USDSEK - Monthly volatility breakout implies substantial upside


Greetings all blog followers. I have been waiting for the recent appreciation of the USD for a while now and expect the current move to continue for the medium-term (weeks/months). One currency that looks particularly interesting is USDSEK which has left a weekly diamond bottom as per my prior posting below. This has led to a monthly volatility breakout which according to my proprietary studies should lead to a great deal more upside. I would place stops below 7.0000 now, for anyone who got long. I believe that this is one to ride out for the months ahead.

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