InvestingScope
Short

GBPDKK: Long term Sell opportunity.

FOREXCOM:GBPDKK   British Pound / Danish Krone
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. This time also the 1W MA200 is coming in to apply pressure. Our Target Zone (on the medium term) is 8.4000 - 8.2500, which are symmetrical Support levels.

See how well those levels have helped us to call exact long entry and target levels on our last GBPDDK analysis:






** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out