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InvestingScope

GBPDKK: Long term correction ahead. Sell opportunity on 1W.

Short
BRITISH POUND / DANISH KRONE (FX_IDC:GBPDKK)  
InvestingScope  
FX_IDC:GBPDKK   BRITISH POUND / DANISH KRONE
Trend Analysis Chart Patterns Technical Indicators GBPDKK GBP dkk Forex Currencies currency britishpound danishkrone
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trendanalysis chartpattern indicator gbpdkk gbp dkk forex currencies currency britishpound danishkrone
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.




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