Dukascopy Smart People Community

USD/DKK-Channel Down

Metal_Mind Posted 11 Nov. as Analysis on USD/DKK, Target: 5.3755, Date: 2^nd of January, 12:00 GMT in #Technical analysis #DKK #USD #Support #Down #Levels #Channel #USD/DKK #Formation #Danish #Krone

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 5.5703

Danish Krone in July this year found a resistance level at fibonacci retracement 0.00% (6.1792) price level which is also the area of fibonacci fan line 38.20% level. From there the krone started to strengthen beaking fibonacci retracement level one after another founding support at fibonacci 61.80% retracement level.As can be seen in …

Read full story

Translate to English Show original

USDNOK -React to Fan lines

Metal_Mind Posted 11 Nov. as Analysis on USD/NOK, Target: 5.8945, Date: 2^nd of January, 12:00 GMT in #Technical analysis #NOK #USD #Support #Fibonacci #Fan #Line #Retracement #USD/NOK #Krone #Norwegian

Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 6.1332

USDNOK recent price development from the last 3 to 6 months will reveal that the pair seem to react at fibonacci fan lines level. If we watch closely the chart below we can see the pair trading between fan lines levels finding resistance and support at these specific levels. After the pair broke down 61.00% fan line …

Read full story

Translate to English Show original

Trade with Swiss Bank

Community

Mobile apps

Related resources

Dukascopy Community

LIVE CONTESTS

Automated trading

Dukascopy Binary Trader

Miss Dukascopy

Miss Dukascopy

Code of Conduct

Have a question?

Contact Us

Dukascopy Connect 911

Metal_Mind's Blog

USD/DKK-Channel Down

USDNOK -React to Fan lines