USDSEK: Monthly uptrend updateGentlemen, we have a very compelling monthly signal in this pair. The targets are on chart, as well as the reccomended long term stop loss.
This trade has positive carry, so, holding it will pay you interest based on the interest rate differential between the Swedish Kronor and the US Dollar. I anticipate one rate hike this year, which would accelerate the dollar rally considerably as soon as confirmed.
Check out my updated track record here: pastebin.com
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Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
