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Danishkrone

USDDKK Confirmed bullish break-out.The USDDKK pair broke yesterday above its 1D MA200 for the first time since August 02 and gave a strong bullish break-out signal. The 1D RSI got overbought (above 70.00), so a pull-back of a few days is possible, but on the medium-term we expect a continuation of the uptrend, similar to the two previous times the price broke above the Lower Highs trend-line. Our Target is Resistance 1 at 6.99000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USDDKK Bullish Divergence on RSI is a hidden buy opportunity.The USDDKK pair is on Lower Lows under its 1D MA50 (blue trend-line) within a 4-month bearish pattern. However its recent Low was a Higher Low on the 1D RSI, which technically is a Bullish Divergence, thus a short-term buy opportunity, similar to the December 27 2023 Higher Low. Target the Lower Highs trend-line at 6.95000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDDKK Strong bullish signal within a Channel Up.The USDDKK pair broke above its 1D MA50 (blue trend-line), which held yesterday as Support and this technically confirmed the continuation of the new Bullish Leg of the Channel Up that started after the December 28 2023 bottom. In the past 12 months, we have seen strong accumulation to be taking place every time the pair breaks below the 1D MA50 (blue arc pattern), followed by a strong rise. Now that we trade within the Channel Up, the natural target is its top (Higher Highs trend-line). We have set ours a little lower at 7.08000, in case it 'only' registers a +3.66% rise, similar to the April 16 Higher High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
USDDKK Buy continuationThe 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 similar target on the 2.0 Fibonacci extension (3.0 from lower count) at 7.15000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USDDKK Strong mid-term buy signal.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 October 04 Lower High of the long-term Channel Up pattern. If the price action closes a 1D candle above the 1D MA200, we will take it as a bullish break-out signal and target Resistance 2 at 7.13900. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USDDKK Overbought and in need for a 1D MA50 correction.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 overbought level (is 63.50 currently), it started a correction towards the 1D MA50 (blue trend-line). We will sell when we see the first red 1D candle and target 7.0000 (close earlier if it hits the 1D MA50 first). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDDKK Excellent Sell & Buy Signals within this MegaphoneThe 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 chart. What has given incredibly accurate signals within this Megaphone has been the 1D RSI. Every top within its Resistance Zone has been a Sell Signal while every rebound on the Support Zone has been a Buy Signal. As you see three days ago the RSI topped within the Resistance Zone and pulled-back aggressively, giving us the most recent Sell Signal. Technically the target is the 1D MA50 (blue trend-line) and the bottom (Higher Lows trend-line) of the Megaphone where we can buy again once the 1D RSI hits its Support Zone. Naturally, if the same Fib progression is followed, we should expect the Megaphone to make its next Higher High on the Fib 3.0 extension. Be aware that a candle close below the Megaphone can invalidate all this and instead start targeting the lower Fib levels as a correction. In such cases we can expect the longer-term Support of the 1D MA200 (orange trend-line) to be tested. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
USDDKK Two spots for a comfortable long-term buyThe 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 Up. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
OMX C25 Bullish-analysis Inflation lossThe fall in the Danish index has reflected the Corona crisis and inflation. However, inflation is loosening, say many economists and financial houses, which have provided many happy investors. Over the next six months, I believe that we will see positive fluctuations in the international index S&P, which is very reciprocal with the Danish index. Through this I have illustrated an analysis which indicates the waves the index will follow, indicated on the drawing above. However, it will still be a long time before we approach an all-time-new-high, but we must be patient.
OMXCOP:OMXC25Long
by MrBrunoBang-Christensen
USDDKK Simple bearish setupHey there! Very simple setup explained in the chart. This trade has a stupidly high Risk to Reward ratio so we cannot let it pass. If you have any questions please leave them in comments. Did you like the idea?? Give us a thumbs up!! Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better. Remember that trading is only part of your life. Do not spend all day in front of the screen!! Surf, Trade, Live!!
Short
by MicKi
USDDKK: Buy opportunity on the 1M Channel Up.The price is testing again the 1D MA50 (blue line) following a rebound on the Higher Low of the 1M Channel Up (RSI = 54.950, MACD = 0.046, ADX = 37.670, Highs/Lows = 0.0000) it has been trading on since mid 2018. The MACD and RSI on the 1D chart are both waving the same bull flags they did when the price reached previous Higher Lows on the Channel. We treat this as a strong medium term buy opportunity with TP = 6.8000 and 6.8500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
NZDDKK: Sell opportunity on the 2 year Resistance.The pair has been rejected last week on the 4.5000 1W Resistance with the price turning neutral already on the 1D chart (RSI = 52.804, STOCH = 49.660, MACD = 0.020, ADX = 29.748, Highs/Lows = -0.0058). That level, along with the 1W MA200 (orange line) have applied selling pressure for 2 years now. For that reason and due to the RSI also reaching its +1 year Resistance, we are turning into sellers on NZDDKK aiming at the top of the 4.2600 - 4.1630 Support Zone. Note here that those levels and the current pattern have been very accurate in determining the most recent bullish leg started in September, as you can see on the successful signal posted 4 months ago below: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
GBPDKK: Long term Sell opportunity.The pair has come a few points away this week from breaking into the 1M 8.8050 - 8.9550 Resistance Zone, on an extended 1W bullish streak (RSI = 67.077, ADX = 48.241). This level has been holding as a Resistance since November 2016 and rejects the uptrend every time. It is natural to assume that this will happen again especially as the 1W RSI has Double Topped. This time also the 1W MA200 is coming in to apply pressure. Our Target Zone (on the medium term) is 8.4000 - 8.2500, which are symmetrical Support levels. See how well those levels have helped us to call exact long entry and target levels on our last GBPDDK analysis: ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
DKKJPY: Short opportunity on the 1W Resistance.The pair has been on a 1D Channel Up since September (RSI = 54.610, MACD = 0.760, Highs/Lows = 7.6694) which has recently hit the 16.25000 1W Resistance. So far that level has been holding for 10 sessions, indicating strong sell bias. Being also the Higher High of the Channel and since the previous times the 1D RSI has been on similar levels a decline took place, we are expecting at least 16.0200 on this pull back. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
USDDKK: Bullish long term.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. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
GBPDKK: Sell opportunity for the medium term.The pair has been rising aggressively (1D RSI = 64.189) since early August and the Double Bottom formation on the 8.0000 1M Support. It is approaching the 1W Resistance (8.5000) but the 1D MA200 (orange line) is already applying selling pressure, similarly to what it did on September 2017 after the last rebound on the 1M SUpport. With 1W still neutral (RSI = 52.606, ADX = 43.327, MACD = -0.040, Highs/Lows = 0.08030) we expect this Resistance to hold on the medium term and trade sideways within that and the 8.2570 1D Support. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
NZDDKK: Buy Opportunity within a tight long term range.NZDDKK is currently consolidating on the 1W frame being near the top of the 1M Support Zone, hence the neutral technical action (RSI = 42.912, MACD = -0.030, Highs/Lows = -0.0155). The 1W Resistance is at 4.5000 and this is the level we are targeting following this month's strong bounce on the top (4.2600) of the 1M Support Zone. Ideally the 1W MA200 (orange line) should provide Resistance just above our target and keep the pair neutral on the long term. Keep in mind that the dominant long term pattern is a Descending Triangle on 1M and only a break below the 1M Support (4.1440 bearish) or above the Lower High trend line (bullish) can change that. Until then we will get opportunities both ways. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope