U.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...
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...
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...
(Based on the 5H Chart) RESISTANCE @ 6.9500 TP4 @ 6.9339 TP3 @ 6.9144 TP2 @ 6.9017 (mid-pivot) TP1 @ 6.8835 BSO @ 6.8649 ⏳ BLO @ 6.8535 ⏳ Although the BIG PICTURE trend appears to be a DT, PA seems to want to retrace to the upside up to about 6.9500 (resistance) before returning to the DT BLO = BUY LIMIT ORDER BSO = BUY STOP ORDER DT = DOWNTREND PA= PRICE...
(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 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...
(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...
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...
One dollar per DKK might costs denmarks 7.0 krones if the price is about to rest important levels again.
USD/DKK may continue its downtrend to 6.77 and 6.70 lets see how it goes
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...
YOY inflation for Denmark released at 0.90%! What does this mean for the DKK... A possible rate cut. In other words, the potential end of the DDK selling. its We may now see USDDKK end its current uptrend. Price could become indecisive or even move off key resistance at 7.1000. I can't wait to see what happens!
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...
We see regular divergence, so I expect a correction and touch the cloud!
This 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...
The 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...
Ready signal Usddkk sellstop 7.44414 SL 7.50138 TP 7.38690 Gl
The bullish trend is seen in the USDDKK pair, it is expected that it will continue its upward trend untill the peak resistance.