(DOWNTREND, BASED ON THE 3W CHART) SLO2 @ 7.7108 ⏳ SLO1 @ 7.5331 ⏳ TP1 @ 7.1950 💰 SLO3 @ 7.0436 ⏳ (suggested by TEMASHA) 👈🏽 TP2 @ 6.9100 💰 (New SSO add-on) 👈🏽 TP3 @ 6.7015 💰 TP4 @ 6.3782 BLO1 @ 6.3005 ⏳ BLO2 @ 6.1119 ⏳ -SL @ 6.0231 🚫 (aggressive) -SL @ 5.9331 🚫 (moderate) -SL @ 5.7777 🚫 (conservative) ADDITIONAL INFO: 📈 If PA continues to pullback to...
The USDDKK pair is consolidating after it started a new Bullish Leg following the 1D Golden Cross formation. The long-term pattern is also a Channel Up and the current Bullish Leg appears to be proportional to the one that started on the July 18 2023 Low. As you can see it is where the 1D RSI bottomed on both cases. As a result we have no reason not to expect a...
(Based on the 18H Chart) 🔥 GET READY 🔥 GET READY 🔥 GET READY 🔥 GET READY 🔥 TP5 @ 6.9415 TP4 @ 6.9300 TP3 @ 6.8915 TP2 @ 6.8720 TP1 @ 6.8433 BLO1 @ 6.8150 ⏳ BLO2 @ 6.7975 ⏳ ADDITIONAL INFO: 📉 There is the probability of Price Action tanking from a mid pivot Resistance Level @ 6.8720 📈 If so, it could be a hard push back to the downside 📉 This is a drop of...
We got a excellent sell entry last time we looked at the USDDKK pair (October 04 2023, see chart below), as we got the long-term market top: At the moment the pair is ranging within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) while testing today the Lower Highs trend-line. That is the trend-line of the Bearish Leg that started after the...
One dollar per DKK might costs denmarks 7.0 krones if the price is about to rest important levels again.
USD/DKK may continue its downtrend to 6.77 and 6.70 lets see how it goes
USDDKK is forming a Channel Down pattern after getting rejected on the HH trendline of the top of the long term Megaphone. This was enough to turn the 1D timeframe neutral (RSI = 51.567, MACD = 0.023, ADX = 24.458). This High is consistent with the two peak formations prior to that and the common characteristic is that all (including the current) have formed LH...
YOY inflation for Denmark released at 0.90%! What does this mean for the DKK... A possible rate cut. In other words, the potential end of the DDK selling. its We may now see USDDKK end its current uptrend. Price could become indecisive or even move off key resistance at 7.1000. I can't wait to see what happens!
The USDDKK has been rising almost non-stop since mid-July and last week completed a Golden Cross on the 1D time-frame. On a 7-year span, every 1D Golden Cross pattern extended a long-term uptrend that was already underway. On the last 2 occasions in particular, the uptrend that started has been extremely strong but when the 1W RSI came close to the 70.00...
We see regular divergence, so I expect a correction and touch the cloud!
This pair has been falling like a ton of bricks the whole of last week. I have a feeling this could change now, because: - the area around 7.1800 has been a solid S/R zone for this entire year. - The 200 dma is nearby too and could act as dynamic support. However, I do need to see some evidence of bullish strength before I commit to a trade. For this is I will be...
The USDDKK pair has been trading within a Bullish Megaphone pattern since the January 28 2022 High. Every of the pattern's Higher High has been on a +0.5 Fibonacci progression starting from Fib 1.0 and with the most recent two days ago on the Fib 2.5 extension. Those Fibonacci levels are an even longer-term pattern that you can see if you zoom out of the...
Ready signal Usddkk sellstop 7.44414 SL 7.50138 TP 7.38690 Gl
The bullish trend is seen in the USDDKK pair, it is expected that it will continue its upward trend untill the peak resistance.
Hehe... saw pattern when it was much younger. Itz gone farther now- LTF skit. Hopefully, it retraces to this level, if should provide opportunity for you again.
Amid losses across markets on fears of the impact of soaring inflation , a hawkish Federal Reserve and the Russo-Ukrainian conflict. Coronavirus-induced damage to the public finances has been minor, reflecting a large fiscal surplus prior to the pandemic. In response to Russia's invasion of Ukraine, Denmark has pledged to donate 2,700 anti-tank weapons to...
The USDDKK pair has been trading within a Channel Up for more than 1 year. The recent 1D RSI sequence points to a medium-term top. Long-term buyers can either enter on the 1D MA50 (blue trend-line) on a tight stop loss and if triggered wait for the final buy on the 1D MA200 (orange trend-line), which buy the time will be on the Higher Lows (bottom) of the Channel...
Entry Price 6.70095 Take Profit Price 7.02361 (4.82% Increase) Broken Level Retested Level