38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSLongby GWAVEUpdated 2
USD/DKK 1H Chart: Bulls likely to prevailThe 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 located circa 6.6000. An important level to look out for is the 2018 high at 6.5691. It is the unlikely case that some bearish pressure still prevails in the market, the US Dollar should not exceed the 100– and 200-period SMAs (4H), currently located near 6.4140.by UnknownUnicorn8906904
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSLongby GWAVEUpdated 2
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSShortby GWAVEUpdated 3
SHORT 38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSShortby GWAVEUpdated 2
38.2% & POSSIBLE 61.8% Retracement LONG GWAVE.38.2% & POSSIBLE 61.8% Retracement LONG GWAVE. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSLongby GWAVEUpdated 2
USD/DKK 1H Chart: Bulls likely to prevailThe 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. However, it should be taken into account that the pair is pressured by the 200-hour SMA at 6.4126 and this advance might not be immediate. An important level to look out for is the monthly R1 at 6.4312.by UnknownUnicorn8906902
Reaction from 50 weekly Fib retracementPrice was pushed off weekly 50 Fibonacci level forming a shooting star on daily. Half of the move already took place and this is how far we can short on hourly after Fib extension (there is cloud support on 4 hours | weekly | monthly and daily tenkan-sen at that extension).Shortby ICFX6
New bullish leg initiated. Long.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 next Monthly Resistace = 6.69018. Our long's TP is 6.67021.Longby InvestingScope3
USDDKK Long oppSame with the today's EURUSD trade. Just a trade set-up, I am not taking the trade. Longby taworksUpdated 8
USD/DKK 1H Chart: Declining in medium patternAfter 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 continue in this way until it reaches the lower trend line of another long term descending pattern just below the 6.34 mark. Shortby UnknownUnicorn890690Updated 2
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE. POSSIBLE E7 GWAVE EUCLIDEAN STRUCTURE FORMING. FIB Retracement Percentage is calculated in a Higher Euclidean Dimension. PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKSShortby GWAVEUpdated 2
USD/DKK 1H Chart: Pair below major resistanceThe 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 high positioning of technical signals on the 4-hour and 1-day charts points to further decline within the following week. The nearest downside target should be the 200-day SMA, the monthly S1 and the 23.60% Fibonacci retracement near 6.22. Meanwhile, the following 24 hours could show a slight price movement north, setting the monthly PP as the most probable target for bulls. by UnknownUnicorn8906901
USDDKK OverviewMonthly - Price hitting MA congestion Weekly - Price nearing weekly resistance Daily - Watch out for a break of previous day's low. Hourly - Lookout for a reversal signalShortby 40x15y2
USD/DKK 1H Chart: Greenback trades in line with patternUSD/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 potential until the upper boundary of this medium-term channel and the weekly R3 at 6.3670. Even though technical indicators are currently located in the overbought territory, technical signals for the following session are still bullish. If looking from the weekly perspective, the US Dollar is expected to reverse from the 6.36 area and begin edging lower until the bottom channel line somewhere in the 6.28/30 range. by UnknownUnicorn8906900
USD/DKK 4H Chart: Ascending triangle dominatesThe US Dollar has been trading in a long-term descending channel against the Danish Krone in force since late 2016. The pair’s neat movement in this channel was disrupted in January when a reversal to the upside occurred without the pair reaching its bottom boundary. The Greenback has since been moving in a slight up-trend, but it has nevertheless failed to overcome the 6.1169 mark. As a result, an ascending triangle was formed. If looking at the pair’s movement during the past few weeks, the Greenback has reversed from the trend-line, breached the senior channel and has been gradually moving towards its four-month high of 6.1169. It is likely that the current bullish momentum prevails during the following weeks and pushes the rate for new highs. A possible target for the following week or two could be the 6.20 area. Longby UnknownUnicorn8906903