We got a excellent sell entry last time we looked at the USDDKK pair (October 04 2023, see chart below), as we got the long-term market top: At the moment the pair is ranging within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) while testing today the Lower Highs trend-line. That is the trend-line of the Bearish Leg that started after the...
One dollar per DKK might costs denmarks 7.0 krones if the price is about to rest important levels again.
USDDKK is forming a Channel Down pattern after getting rejected on the HH trendline of the top of the long term Megaphone. This was enough to turn the 1D timeframe neutral (RSI = 51.567, MACD = 0.023, ADX = 24.458). This High is consistent with the two peak formations prior to that and the common characteristic is that all (including the current) have formed LH...
YOY inflation for Denmark released at 0.90%! What does this mean for the DKK... A possible rate cut. In other words, the potential end of the DDK selling. its We may now see USDDKK end its current uptrend. Price could become indecisive or even move off key resistance at 7.1000. I can't wait to see what happens!
The USDDKK has been rising almost non-stop since mid-July and last week completed a Golden Cross on the 1D time-frame. On a 7-year span, every 1D Golden Cross pattern extended a long-term uptrend that was already underway. On the last 2 occasions in particular, the uptrend that started has been extremely strong but when the 1W RSI came close to the 70.00...
The USDDKK pair has been trading within a Bullish Megaphone pattern since the January 28 2022 High. Every of the pattern's Higher High has been on a +0.5 Fibonacci progression starting from Fib 1.0 and with the most recent two days ago on the Fib 2.5 extension. Those Fibonacci levels are an even longer-term pattern that you can see if you zoom out of the...
Amid losses across markets on fears of the impact of soaring inflation , a hawkish Federal Reserve and the Russo-Ukrainian conflict. Coronavirus-induced damage to the public finances has been minor, reflecting a large fiscal surplus prior to the pandemic. In response to Russia's invasion of Ukraine, Denmark has pledged to donate 2,700 anti-tank weapons to...
Overall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits. You should be careful with this one.
The USDDKK pair has been trading within a Channel Up for more than 1 year. The recent 1D RSI sequence points to a medium-term top. Long-term buyers can either enter on the 1D MA50 (blue trend-line) on a tight stop loss and if triggered wait for the final buy on the 1D MA200 (orange trend-line), which buy the time will be on the Higher Lows (bottom) of the Channel...
Confluences: Daily time frame: -Head and shoulder pattern formed (high probability trade setup) -Price broke through a zone -Pair has been in a downtrend (long-term) -DXY is about to break 90 with the same head and shoulder pattern hence, waiting for a big drop -Good risk reward, high probability, I love this setup Side note: this pair is not a major but price...
EURDKK is moving in a range within a descending channel. If the market will break below the support area we can set a nice short order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️...
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...
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...
GBPDKK on the daily chart is testing the weekly descending trendline. The price can approach soon a daily resistance around 8.300. IF the market will break and close above the structure we will set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly...
Potential emerging Gartley/Butterfly pattern appearing on this chart. Francs are expected to appreciate against Danish Crowns.
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 GBPDKK technically based idea, we can see price is bounce from bottom trend line, technicaly indicators...
📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technically and Fudnamentally side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 GBPDKK technically based idea, we can see price is bounce from bottom trend line, technically indicators...
Pattern: Channel Down on 1D. Signal: Sell as the price was rejected on the 1D MA50 (blue trend-line) after making a Lower High on the Channel Down. The MACD is starting to reverse. Target: 7.43700 (-0.21% decline from the Lower High). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** !!...