The USDDKK pair is on Lower Lows under its 1D MA50 (blue trend-line) within a 4-month bearish pattern. However its recent Low was a Higher Low on the 1D RSI, which technically is a Bullish Divergence, thus a short-term buy opportunity, similar to the December 27 2023 Higher Low. Target the Lower Highs trend-line at...
The USDDKK pair broke above its 1D MA50 (blue trend-line), which held yesterday as Support and this technically confirmed the continuation of the new Bullish Leg of the Channel Up that started after the December 28 2023 bottom. In the past 12 months, we have seen strong accumulation to be taking place every time the pair breaks below the 1D MA50 (blue arc...
The USDDKK pair is consolidating after it started a new Bullish Leg following the 1D Golden Cross formation. The long-term pattern is also a Channel Up and the current Bullish Leg appears to be proportional to the one that started on the July 18 2023 Low. As you can see it is where the 1D RSI bottomed on both cases. As a result we have no reason not to expect a...
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...
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...
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...
The fall in the Danish index has reflected the Corona crisis and inflation. However, inflation is loosening, say many economists and financial houses, which have provided many happy investors. Over the next six months, I believe that we will see positive fluctuations in the international index S&P, which is very reciprocal with the Danish index. Through this I...
Hey there! Very simple setup explained in the chart. This trade has a stupidly high Risk to Reward ratio so we cannot let it pass. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become...
USDDKK is at a strong resistance level and im expecting a fall to a nearby support zone...…..it is in an uptrend so our tp 1 will be @ 6.85785 Tp 2 and 3 are open
Pattern: Channel Down on 1M. Signal: Bearish as 1D made a Death Cross and started a new bearish leg. Target: 15.700 (just above the 1W Support).
The price is testing again the 1D MA50 (blue line) following a rebound on the Higher Low of the 1M Channel Up (RSI = 54.950, MACD = 0.046, ADX = 37.670, Highs/Lows = 0.0000) it has been trading on since mid 2018. The MACD and RSI on the 1D chart are both waving the same bull flags they did when the price reached previous Higher Lows on the Channel. We treat this...
The pair has been rejected last week on the 4.5000 1W Resistance with the price turning neutral already on the 1D chart (RSI = 52.804, STOCH = 49.660, MACD = 0.020, ADX = 29.748, Highs/Lows = -0.0058). That level, along with the 1W MA200 (orange line) have applied selling pressure for 2 years now. For that reason and due to the RSI also reaching its +1 year...
Pattern: Channel Up on 1M. Signal: Bullish as the price is on the Higher Low zone of the Channel Up, supported by the 1D MA200. Target: 6.8500 (just below the 1W Resistance) and if the 1W R breaks 6.9300 (projected Higher High).
The pair has come a few points away this week from breaking into the 1M 8.8050 - 8.9550 Resistance Zone, on an extended 1W bullish streak (RSI = 67.077, ADX = 48.241). This level has been holding as a Resistance since November 2016 and rejects the uptrend every time. It is natural to assume that this will happen again especially as the 1W RSI has Double Topped....
The pair has been on a 1D Channel Up since September (RSI = 54.610, MACD = 0.760, Highs/Lows = 7.6694) which has recently hit the 16.25000 1W Resistance. So far that level has been holding for 10 sessions, indicating strong sell bias. Being also the Higher High of the Channel and since the previous times the 1D RSI has been on similar levels a decline took place,...
USDDKK has been trading within a long term 1M Channel Up (RSI = 58.922, MACD = 1310.970, ADX = 34.063) since May 2018. Since late June it has developed a smaller Channel Up on 1W which is on its Higher Low zone (RSI = 51.590, MACD = 253.410, Highs/Lows = 0.0000) hence an optimal short term buy entry. The target is 6.90000. If however the price breaks below the 1D...
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 =...