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...
The price made a fake break of Key Level 6.71645. We can open Sell in Zone at the time. Potential profit will be in 3 times bigger than risk.
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.
Pattern: Channel Down on 1D. Signal: Bearish as the price made a new Lower High. Target: 16.320 (next potential Support).
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...
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...
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.
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.
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.
Same with the today's EURUSD trade. Just a trade set-up, I am not taking the trade.
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.