ForecastCity

There is a possibility of the beginning an uptrend in USDDKK

Long
OANDA:USDDKK   U.S. Dollar / Danish Krone
Midterm forecast:
While the price is above the support 6.04400, beginning of uptrend is expected.
We make sure when the resistance at 6.09700 breaks.
If the support at 6.04400 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 45.

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Comments

Nice pattern!
+2 Reply
@Kamryn, Thanks for your support.
+1 Reply
great analysis, going to keep an eye on this one !
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for your comment. We hope you enjoy it.
Reply
I like your Ideas very easy to understand!
+1 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, We're glad you like it.
Reply
I enjoy you excellent analysis. Would you please update it?

Thanks ❤️
Reply
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