GBPDKK: Sell opportunity for the medium term.
The pair has been rising aggressively (1D RSI = 64.189) since early August and the Double Bottom formation on the 8.0000 1M Support. It is approaching the 1W Resistance (8.5000) but the 1D MA200 (orange line) is already applying selling pressure, similarly to what it did on September 2017 after the last rebound on the 1M SUpport.
With 1W still neutral (RSI = 52.606, ADX = 43.327, MACD = -0.040, Highs/Lows = 0.08030) we expect this Resistance to hold on the medium term and trade sideways within that and the 8.2570 1D Support.
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With 1W still neutral (RSI = 52.606, ADX = 43.327, MACD = -0.040, Highs/Lows = 0.08030) we expect this Resistance to hold on the medium term and trade sideways within that and the 8.2570 1D Support.
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Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial