Weekly Forecast Dollar/Krona

This is one of the few forecasts I've been getting wrong over the last couple of charts. It has been moving counter to DXY so clearly the Krona has been getting weaker faster than the Dollar. It still looks short to me but I'll not be trading it because it will clearly not produce the biggest move down.

So my forecast is short but don't trade it until the dollar is moving in the opposite direction.

I'll update my ideas as they develop
First rule of trading - Protect your capital

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This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck
Steve Nixon - logicfxtrading

評論:

OK this was a better forecast than the previous one. As is usual with extended waves the movement down has been sharp. This has some way to go yet.