There is a Reverse Head and Shoulders pattern in the USDDKK. This could be confirmed by breaking through the neckline
there's financial reports in 35 min. so be careful it !
The US Dollar has been stranded in a channel up against the Danish Krone for the last three months. If looking at the pair’s movement this month, two additional channels can be distinguished. The senior one has guided the pair towards the bottom boundary of the aforementioned dominant pattern circa 6.28. From that point forward, a junior ascending channel was...
USDDKK broke the moving average, suggesting a potential trend change. This in tandem with October's monthly bull candle gives me enough reason to believe an up trend is about to begin. My orders are placed at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6. and 0.0. Each order contains a 30 pip stop loss and no take profit target. These trades...
Since last month's candle was a bull candle, I am looking for bull moves on the daily time frame such as this one. Price broke through the moving average. This suggests a possible move even lower. My pending orders sit at fibonacci retracement levels 1.0, 78.6, 61.8, 50.0, 38.2, 23.6, 0.0. Each order has a stop loss of 30 pips. Risk is less than 2% per...
It might be said that USD/DKK is trading in three channels simultaneously. The most prominent one has confined the rate in a downward-sloping movement since early December, 2016, as apparent on the daily chart. The two most recent ones were formed late in August (as a new up-wave) and September. Meanwhile, the rate tested the upper boundary of the long-term...
The US Dollar is trading in two patterns simultaneously against the Danish Krone. The senior formation is a four-week channel up. In addition, the Greenback has entered a minor consolidation phase, thus forming a descending triangle. All indications point to a possible fall in the hourly and daily time-frames, starting from technical indicators and ending with...
Triple top at monthly chart. A late seeing but still may be a lot of room for profit till 5.80
USD DKK coming to the end of its downside. good oppertunity for a massive long. if it does break the box it will give new opportunities to continue shorting enjoy and good luck
Here is my quick scan of the market. Of course please don't just buy in Long/Short just because strength shows overbought/oversold. There is always more room to 0 or 100. 1Day: AUDCHF - 26 RSI USDCHF - 29 RSI USDSGD - 28 RSI USDDKK - 26RSI Honorable mentions: USDPLN - 30 RSI Rising ATR NZDCHF - 30 RSI USDNOK - 31 RSI High ATR EURNZD - 75 RSI EURSEK - 72...
Hello, traders. This idea is valid untill price breaks 6.79 level
I'm pretty strong believer that we are going to see a third touch on the upper trend line. It does feel like it has found support already on the 55MA and 10EMA, but be aware it might go down and touch the bottom support, before going up.
Missed the early breakout but still chased my way back into this trade usd/chf 0.18% looks beautiful right now trade with a tested strategy or replicate me as it is.Trade with care @2smart2trade.
I can see some bear vol coming on usd/dkk so watch it out as i am short this one trade with my strategy or implement yours based on this analysis if u think the same do comment and like.Trade with care @2smart2trade
FX_IDC:USDDKK Safe Trades;
FX_IDC:USDDKK Safe Trades;