The pair has been rising aggressively (1D RSI = 64.189) since early August and the Double Bottom formation on the 8.0000 1M Support. It is approaching the 1W Resistance (8.5000) but the 1D MA200 (orange line) is already applying selling pressure, similarly to what it did on September 2017 after the last rebound on the 1M SUpport. With 1W still neutral (RSI =...
NZDDKK is currently consolidating on the 1W frame being near the top of the 1M Support Zone, hence the neutral technical action (RSI = 42.912, MACD = -0.030, Highs/Lows = -0.0155). The 1W Resistance is at 4.5000 and this is the level we are targeting following this month's strong bounce on the top (4.2600) of the 1M Support Zone. Ideally the 1W MA200 (orange...
I'm 2 for 2 on NOKDKK swings, can we get the third swing? Like the NOK/JPY pair, the NOK/DKK pair also looks to want to reverse trend soon. This ticker actually looks like its has already done its pullback and tested lows and is now going to swing up. It could pull back again but I would be looking for longs for now. I'm not personally taking a trade on this pair...
We can open Sell in Zone at the time. Potential profit will be in 3 times bigger than risk.
We can open Sell now, because the price is bounced from Mirror Level 6.64477. Potential profit will be in 3...5 times bigger than risk.
The price is near Sell Zone. Probably will move down with a little pullback.
The price bounced from Mirror Level 6.61925 and made a pullback.
Pattern: Channel Down on 1D. Signal: Bearish as a Death Cross took place and the MA200 is expected to reject any rebound attempt. Target: 4.2000 (1W Support).
We can see that its clearly in a decisions making zone. Will it go up or will it go down? This is a NO TRADE ZONE FOR ME. I wait for it to signal by closing on one side of these lines to signal continuation or reversal BUT WE DONT BUY OR SELL THAT BREAK OUT. We wait for the pullback and get in or ladder in there. This makes your stop loss a no brainer and you...
Pattern: Channel Up on 1D. Signal: Bullish if the price approaches the 7.46740 Support. Target: 7.4700 (4H Resistance).
Long SEKDKK @ 0.7014; Tp @ 0.71542, SL your choice
Pattern: 1D Bullish Channel. Signal: Bearish after the Double Top rejection on 1D. Target: 6.55000 (above the Support Zone).
Pattern: 1D Ascending Triangle. Signal: Bullish as a Higher Low is established. Target: 4.5600 (just below the 1D Resistance Zone).
USD Short Bias - Quant score shift of -10 to give a total score of -3 DKK Long bias - Quant shift of + 16 to give a total of 33 TA Sell Zone Congestion Low Break
USD - Quant Scores shifted against USD by 10 points - Building permits less than forecast showing a potential slowdown in approved housing - Supported by a negative result in housing starts which can affect many other factors of growth such as jobs and money supply - Consumer Confidence heavily lower than forecast suggesting the US consumers are less confident in...
The pair is on a long term 1M Channel Down (RSI = 46.346, MACD = -0.067, Highs/Lows = -0.0252), which is trading on its inner resisting trend line. This 1W Resistance is waving a short flag (RSI = 47.484, MACD = -0.125, Highs/Lows = 0.0000) here and we are taking this long term short with TP = 16.420. ** If you like our free content follow our profile...
The pair is on a strong long term Channel Up on 1W (RSI = 56.469, MACD = 0.047) trading on its Higher Low zone (Highs/Lows = 0.0000). Naturally, 1D is now neutral (RSI = 51.144, Highs/Lows = 0.0000), trading on its own Channel Up Higher Low, pricing a break upwards. The latter gives a buy signal with TP = 6.7000 (Higher High). The 1W Channel Up gives a buy signal...
GBPDKK has been trading on a long term 1W Channel Up (RSI = 64.794, MACD = 0.060, Highs/Lows = 0.1840, B/BP = 0.2987) that is close to making a Higher High. According to the monthly Higher High trend line since Sept 2017, the price should pull back towards the median of the Channel. We are therefore shorting with TP = 8.5500. ** If you like our free content...