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 =...
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...
Entry price, target and stop loss mentioned in graph.
gbp could have more strength in the next weeks and break a double resistance
FX_IDC:GBPDKK Safe Trades;
GBPDKK free signal . After looking at the technical analysis I believe now's a good time to sell. Please share your ideas, GBPDKK technical analysis and forex signals .