Stop loss, entry price and targets are mentioned on graph.
Aprox. levels: BS: 6.61; SL: 6.47; TP: 6.78 (1) 7 (2) (2.57%) (-2.12%) = 0.45
Stop loss, entry price and targets are mentioned.
The pair is trading on a 1D Rising Wedge evident on the mix of neutral (RSI = 48.902, CCI = -27.6714, Highs/Lows = 0.0000) and bullish (STOCH = 57.149, Willams = -42.264, Ultimate Oscillator = 53.080) indicators. This indicates a bullish price action but on a narrow space. Long, TP = 7.46300. ** If you like our free content follow our profile...
Entry price, target and stop loss mentioned in graph.
The price is trading within a 1D Channel Up (RSI = 55.026, MACD = 0.031, B/BP = 0.0100) and is close to printing the new Higher Low (Highs/Lows = 0.0000). The next Higher High extension should be near 6.70870. Long with TP = 6.68070.
The previous forecast worked, and the USD/DKK currency pair has reached the upper boundary of a long-term ascending channel located circa 6.6000. As apparent on the chart, the exchange rate reversed south from the upper channel line at the beginning of November. From a theoretical point of view, it is expected that the pair goes downwards. A potential target is...
The US Dollar has been appreciating against the Danish Krone after the currency pair reversed from the lower boundary of a long-term ascending channel at 6.3200. Currently, the exchange rate is trading in a short-term ascending channel as well. It is expected that the pair will breach the junior trend and will aim for the upper boundary of the senior channel...
DKKJPY is trading sideways within a long term 1W Rectange (RSI = 48.280, ADX = 16.028, CCI = -1.8926, Highs/Lows = 0.0000) at 16.755 - 17.700. Our operating scalping zone is 17.000 - 17.480 but for those who seek more risk can engage as low as 16.845. If either the 16.755 Support or the 17.700 Resistance breaks, we will cease engaging.
The US Dollar is appreciating against the Danish Krone in a short term ascending channel. This gradual increase in price began when the rate reversed from the 6.3600 mark. Currently, the rate is being supported by the 55– and 100-hour SMAs on the 1H time-frame. It is expected that the rate eventually gathers the necessary momentum to breach the junior channel....
EURDKK is trading within a 1D Channel Up (RSI = 63.378) and the neutral Highs/Lows = 0, MACD = 0.002, B/BP = 0.0036, indicate that pricing a Higher Low is near. The larger setting is also a 1W Channel Up (RSI = 62.486) so if the pair breaks 7.45720, the downside is still limited to a 7.4540 Higher Low. We are long with TP = 7.462 and 7.4640.
USDDKK has preserved the long term Channel Up on 1W (RSI = 69.995, MACD = 0.069, Highs/Lows = 0.1019, B/BP = 0.3423) as it broke the previous consolidation on 1D to the upside. As you see on the chart there are recurring patterns on 1D (Channel Up after Rectangle) so the pair will now most likely print a Channel Up (RSI = 67.432, ADX = 34.541) on 1D towards the...
NZDDKK made a new Lower Low (4.2649) on the inner 1W Channel Down (RSI = 40.595, low pace still on MACD = -0.026, Highs/Lows = -0.0309, B/BP = -0.0786) and shoulde now give a minor bullish leg on 1D (already on neutral STOCH, STOCHRSI, Williams) to the previous 4.3524 High and Resistance. Our long's TP = 4.3500.
NZDDKK has rebounded on the soft support of the 1W Channel Down (RSI = 41.290, MACD = -0.018, Highs/Lows = -0.0298, B/BP = -0.0902) Lower Low mark. Entering long, TP = 4.4111.
After breaking the lower trend line of the previously active dominant pattern, the USD/DKK currency exchange rate has been declining in a medium scale descending channel. Recently the pair bounced off the resistance of the PP at 6.38 and began a decline, which has resulted in the booking of a new low level for the USD/DKK pair. The rate is most likely going to...
DKKJPY just gave a Lower High on the 1D Channel Down. We are shorting: TP1 16804, TP2 16.449.
The US Dollar has appreciated substantially against the Danish Krone during the past two months. This 8.35% surge was guided in an ascending channel. Following a reversal from the senior channel at 6.46 last week, the Greenback breached the junior pattern and several important support levels along the way, including the 100-period (4H) and 200-hour SMAs. The...
USD/DKK has been trading in an ascending channel for the last five weeks, thus breaching a dominant senior channel along the way in early May. The latest test of this junior pattern occurred on Monday when the pair reversed from the weekly S1 and the senior channel near 6.21. From theoretical point of view, the pair might still realise the existing upside...