USDDKK: Bullish long term.

OANDA:USDDKK   U.S. Dollar / Danish Krone
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 MA50, the pair will most likely pull even lower in order to make a Higher Low on the 1M Channel Up and touch the 1D MA200. That will be a long term buy entry.

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