U.S. Dollar / Danish Krone
6.38310DKKR
−0.00630−0.10%
As of today at 18:22 GMT
DKK
No trades
USDDKK trade ideas
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.
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USDDKK, US Dollar / Swedish Krone - Forex Strategy considerationFX_IDC:USDDKK
Forex is the most technical market of all in which discipline is even more important, and patience is extremely necessary to be able to wait for a trend to start.
In our strategies in this market the % probability of a trade being realized is about 40 times out of 100, and the average Risk Reward is 3 times out of the loss.
