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.
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 (
NZDDKK Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as a Death Cross took place and the MA200 is expected to reject any rebound attempt.
Target: 4.2000 (1W Support).
NZDDKK Buy SignalPattern: 1D Ascending Triangle.
Signal: Bullish as a Higher Low is established.
Target: 4.5600 (just below the 1D Resistance Zone).
Lower Low rejection on 1W. Short to 1D Resistance.NZDDKK made a new Lower Low (4.2649) on the inner 1W Channel Down (RSI = 40.595, low pace still on MACD = -0.026, Highs/Lows = -0.0309, B/BP = -0.0786) and shoulde now give a minor bullish leg on 1D (already on neutral STOCH, STOCHRSI, Williams) to the previous 4.3524 High and Resistance. Our long's
Lower Low rejection. Medium term Long.NZDDKK has rebounded on the soft support of the 1W Channel Down (RSI = 41.290, MACD = -0.018, Highs/Lows = -0.0298, B/BP = -0.0902) Lower Low mark. Entering long, TP = 4.4111.
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Displays a symbol's price movements over previous years to identify recurring trends.