The Greenback is depreciating against the Danish Krona simultaneously in three descending channel patterns. However, most recently the currency exchange rate hit the combined support of all of the channels. As a result of that rebound it can be expected that the most junior patterns will become obsolete during the next quarter. Meanwhile, concentrating on a shorter term, it can be seen that the pair is about to bounce off the support of the 23.60% Fibonacci retracement level at the 6.6115 level. The relevant Fibonacci retracement levels are measured for this pair by connecting the 2016 low and 2017 high levels.
| Level | Rationale | Indicator | 4H | 1D | 1W | |||
| R4 | 6.6951 | Monthly PP | MACD (12; 26; 9) | Sell | Sell | Sell | ||
| R3 | 6.6832 | Weekly R1 | RSI (14) | Neutral | Buy | Neutral | ||
| R2 | 6.6443/55 | Weekly PP; 55-period SMA | Stochastic (5; 3; 3) | Neutral | Sell | Neutral | ||
| R1 | 6.6193 | Weekly S1 | ADX (14) | Neutral | Sell | Neutral | ||
| S1 | 6.6115 | 23.60% Fibo | CCI (14) | Buy | Buy | Buy | ||
| S2 | 6.5975 | Trend line | AROON (14) | Buy | Buy | Buy | ||
| S3 | 6.5804 | Weekly S2 | Alligator (13; 8; 5) | Sell | Sell | Sell | ||
| S4 | 6.5680 | Trend line | SAR (0.02; 0.2) | Sell | Sell | Sell | ||
| Aggregate | → | ↘ | → |