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Dkk

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
USD/DKK: TIME TO GO LONG!As we can see from the chart above there are clear signals of buy opportunities: - Two Bullish pin bar after four bearish pin bars - RSI 14 looks almost oversold My suggestion is waiting for a confirmation bullish candle after the bullish pin bar and then going long. A wise decision would be to split the trade into two parts: 1st part: setting a target price towards the broken support 2nd part: waiting and see -> if the broken support has become a resistance = go short OR if it breaks above the support = go long Remember to put a stop loss in order to secure your capital! Not a financial advice. Enjoy your trade!
Long
by vf_investment
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
NOKDKK - KRONE / KRONE - 4hr What to expect - ForexI'm 2 for 2 on NOKDKK swings, can we get the third swing? Like the NOK/JPY pair, the NOK/DKK pair also looks to want to reverse trend soon. This ticker actually looks like its has already done its pullback and tested lows and is now going to swing up. It could pull back again but I would be looking for longs for now. I'm not personally taking a trade on this pair but rather the NOK/JPY pair, (see chart). But not a bad reversal signal. NOT FINANCIAL ADVICE - TRADE SAFE.
Long
by SatoriTrades