Overall Average Signal from all our indicators suggests a Long. Entry is at market open and exit is shortly before market close or whenever you are okay with profits. You should be careful with this one.
EURDKK is moving in a range within a descending channel.
If the market will break below the support area we can set a nice short order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️...
The pair will continue to move higher in the following days towards a major resistance line. Countries are isolating Denmark following reports that around 15,000 minks in the US have died due to COVID-19. Meanwhile, the Danish government proposed to cull 15 million minks in the country as fears of mutation worries the authorities. On Friday, November 06, the...
The previous three months saw employment fall by 2.9 percent, and its official second-quarter GDP figure showed an 11.8 percent decline in the same period. These figures are prompted to push the euro lower against the Danish krone as its 50-day moving average continues to tumble lower than its 200-day moving average counterpart. The European Central Bank had also...
The previous three months saw employment fall by 2.9 percent, and its official second-quarter GDP figure showed an 11.8 percent decline in the same period. These figures are prompted to push the euro lower against the Danish krone as its 50-day moving average continues to tumble lower than its 200-day moving average counterpart. The European Central Bank had also...
Pattern: Channel Down on 1D.
Signal: Sell as the price was rejected on the 1D MA50 (blue trend-line) after making a Lower High on the Channel Down. The MACD is starting to reverse.
Target: 7.43700 (-0.21% decline from the Lower High).
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The pair will continue its downward movement in the coming weeks. Brussels unleashed data from several reports this week. On Tuesday, July 28, one of Europe’s most hard-hit countries of COVID-19 released its Q2 unemployment rate. The figure came in at 15.33%. On the following day, it posted its retail sales report with a figure of -4.7%. Today, July 30, Germany,...
The Danish krone is currently flirting with an important support level for the EUR/DKK trading pair. It’s widely believed that the pair will go down to that lower support level by the latter part of the month as the Danish krone continues to appreciate. The pair is significantly bearish, considering that the 200-day moving average is significantly higher than the...
EURDKK near support.
Selling until the descending baseline, while carefully placing a SL above the nearest high.
Bias will be bullish if it breaks above this 4-month-old resistance.
TP = 7.46776
SL = 7.47533
