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Further bullish pressure

Ucef Posted 31 Mar as Analysis on USD/DKK, Target: 6.4500, Date: 1 di Maggio, 12:00 GMT  in #Technical analysis #Harmonic Trading #Bullish Bias #USD/DKK #Fibonacci Level #Channel Breakout
Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 6.4500.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Long term bias is still bullish

Ucef Posted 29 Feb as Analysis on USD/DKK, Target: 6.6747, Date: 1 di Aprile, 12:00 GMT  in #Technical analysis #Harmonic Trading #Fibonacci Levels #Bullish Bias #USD/DKK #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 6.6747.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
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Ucef 31 Mar

Update: The pair didn't make significant movement yesterday but overall still able to maintain its bullish bias and still prints higher high and low on daily chart.
The bias remains bullish in nearest term testing a resistance line, which remains a good place to sell with a tight stop loss as a clear break above the daily close could trigger further bullish scenario testing the daily open or higher.
Immediate support remains around weakly open. A clear break below that area could lead price to neutral zone in nearest term.

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