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USDDKK

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
Trading with Confidence: Utilizing Probabilities in USD/DKKU.S. Economic Strength: The U.S. economy continues to demonstrate resilience, with robust job growth and steady GDP expansion. This economic strength supports a bullish outlook for the U.S. dollar against other currencies, including the Danish krone. Interest Rate Differentials: The Federal Reserve's hawkish stance on maintaining higher interest rates to combat inflation contrasts with the more dovish approach of the Danish central bank. This interest rate disparity favors the USD over the DKK. Global Uncertainty: Ongoing geopolitical tensions and economic uncertainties in various parts of the world are driving investors towards safe-haven currencies like the U.S. dollar, potentially boosting its value against the Danish krone. Trading Strategy To capitalize on this bullish bias for USD/DKK, I plan to utilize probability-based positioning for long entries. By combining these fundamental factors with a probability-based entry strategy, I aim to position myself effectively for potential movements in the USD/DKK pair. 12M: 1W: 3H:
Long
by Jasminex1x2
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: CURVE ANALYSIS (3W) 🆕(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 upside, we may get another opportunity to catch this SLO suggested by TEMASHA @ 7.0436 📉 Now that PA has triggered our TP2, I'm going to use it as an opportunity to place an SSO add-on 🔑 -SL = STOP LOSS BLO = BUY LIMIT ORDER SLO = SELL LIMIT ORDER TP = TAKE PROFIT This is a Long-Term Time Frame trade (1 week to 1 year): — Shows the big picture, revealing major trends and economic factors. — Less volatile, price movements are slower and smoother. — Suitable for long-term trend trading and position trading. — Requires less frequent monitoring but may offer fewer trading opportunities.
Short
by ProfessorCEWard
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: CURVE ANALYSIS 🆕(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 around +570 pips BEFORE we would enter our Buy positions ⚠️ RISK TAKERS can place a SLO @ 6.8685 and a SSO @ 6.8645 ⚠️ This is an Intermediate Time Frame trade (4 hours to 6 day): — Offers a clearer picture of the underlying trend compared to short-term frames. — Provides more opportunities for confirmation signals and technical analysis. — Allows for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders. 🔑 BLO = BUY LIMIT ORDER DT = DOWNTREND PB = PULLBACK SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT
Short
by ProfessorCEWard
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: Peak formed. Excellent sell opportunity.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 trendlines on their 1D RSI. The 1D MA50 is the first line of support, but we target much lower (TP = 6.8000) as the decline range on those two bearish legs has been -4.90% to 5.60%. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
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 – Bullish? Not really but watching … week of 14 Nov 2022This 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 monitoring price action on 4 hour and even the 1 hour chart, looking for signs that the bulls are gaining control. These signs can come in the form of double bottom, hammer or an engulfing candle formation. For now this is a counter trend idea, so even if a setup forms, I would recommend an initial half position size. If this works out as per my expectation, we should have a +2R trade, with a possible extension to 4R. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
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 23rd MAY 2022Amid 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 Ukraine. Market participants sought refuge in safe-haven assets amid fears of the impact of a spike in inflation that hit its highest level in four decades. Dollar still tends to strengthen with a bearish correction for the next few weeks.
Long
by DNP-FX
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