USD/DKK 1H Chart: Channel Up

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
The USD/DKK currency pair is planning to approach gradually the upper boundary of the channel up pattern. The pair has been rallying in the past four days, after a correction was halted by the 200-hour SMA around 6.62. Meanwhile, the Greenback has already crossed both 55 and 100-hour simple moving averages, and the most important obstacle is now represented by the weekly R1 at 6.7473. In case this mark is penetrated, the focus will turn to the next supply at 6.8050 (daily and weekly R2), which are followed by the pattern's resistance at 6.8524. Meanwhile, 4H and daily indicators are bullish at the moment, and the majority of traders (72%) hold long open positions on the US Dollar.
© Dukascopy Bank SA
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Thu, 02 Jul 2015 13:48:05 GMT

USD/TRY 4H Chart: Channel Up

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Thu, 02 Jul 2015 06:35:04 GMT

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