Get started

Euro / Danish Krone

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

EURDKK trade ideas

EUR/DKK About to declineThe common European currency has met with the resistance of a medium term pattern against the Danish Krona. Moreover, the resistance line is strengthened by the 100 and 200-period simple moving averages and the monthly S1. Meanwhile, take into account that the currency exchange rate is also facing the support of the weekly PP and the 55-period SMA. These two facts combined indicate that in the near future the pair is set to break out from this stalemate. However, due to the existence of a medium term channel down pattern, the breaking out to the downside is more favorable.
Short
by UnknownUnicorn890690
EURDKK Example of Trading Gaps I don't trade this pair, but it provides a good opportunity to show how one would trade a gap since it made an extreme extension. Basically marking the highest or lowest point and switching from candlesticks to line you would see a big gap. The market normally retraces the entire length of the gap before continuing in the direction it was heading. So you would ideally be making the money in this one going up and going back down again. Just a trick I use sometimes and maybe useful to others.
by KeTrader
3
Hitting Resistance That Is Over A Decade OldEURDKK is at a magical spot currently. The resistance, its near now, have been tested many times. Currently you see the 5 times it's been tested since '11, but if you look further back, on the weekly, you will see it was also was tested in 2004, and again further back in the 90's. I'm not rushing to get into this pair - but it's definitely on my radar the next coming weeks. It could be big trade if it reverses upwards. Which it eventually will. It's rare seeing a pair close to such a strong resistance.
by chastic