USDISK is gonna fly to the moon, again...

22. Juni 2018

After applying a fixed Gann sqaure to Icelandic krona weekly chart, we seem to have arrived to the start of a new Gann wave, which if correlated with 2 previous waves, should be a much steeper run to a new high at about 156 or higher. Ichimoku elements show bullish momentum as well (amazing how well Ichimoku aligns with Gann square ). Even if we take into consideration solely a double bottom (W pattern), price should hit 120 (the length of W move) pretty soon. USDISK´s rise aligns well with our DXY 0.00% 0.00% 0.00% ( dollar index -0.27% -0.27% -0.27% ) Gann projection, which is only to strengthen this year. One thing I do not understand, why does not Iceland´s government replace ISK (which as volatile as crude or bitcoin) with a more stable currency like EUR. Theu could have done so a long time ago, being EEA member.