Technical analysis prediction for the 1st of October 2018

Instrument ; usd dkk

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative ; position ; long position

price prediction ; 6.7000


weekly chart

Daily chart

usd dkk mkt trend is strongly bullish bias, technical view on the weekly chart view indicates a strong rise in price movement in the recent months and the long term outlook is expected to remain bullish bias, Ema signal is uptrend, Rsi (69.21), Macd signal is uptrend while on the daily chart view, mkt trend is strongly bullish bias and in coming months i expect the currency to continue uptrend probably towards 6.7000 level, Ema signal is uptrend, Rsi (68.77), Macd signal is uptrend and prediction for the 1st of October 2018 is 6.7000
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