ridethepig | SEK Long-Term Macro Map📍 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 6.80x support.
Some 8 candles later, the flows are following the widely mapped positional forecast. This swing has the clear fundamental advantage from the soft inherent picture in Sweden. Things have not settled down on the virus front which has become quite forgotten by many. Then of course when a second wave occurs in the Northern Hemisphere during the Winter months, the almost forgotten complacency will return, bringing a zig-zag into the initial forecast into the initial 8.20x target.
Dollar seller's last move sees the impulsive swing being instated, for the threat is now the clear advance onto the main targets. It is therefore logically and casually relevant to all G10 crosses to include the DXY maps:
At the point when this was made, Fed was seen as a deer in the headlights via Covid capitulation / flip flop and, with what immense trouble they will have now in achieving credibility after funding the Whitehouse policies in broad daylight!! Watch for the lows next week, its not quite so easy for buyers to dispose of the momentum here: if this happens we may enter into waterfall mode.
