USD/ZAR 1H Chart: Triangle

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 23, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/DKK 1H Chart: Channel Up Comment: The US Dollar is expected to keep appreciating against the Danish Krone. USD/DKK has recently established a well-defined bullish channel after confirming a major support up-trend line at 6.58, meaning the near-term dips are to be limited by the weekly pivot point and the lower boundary of the pattern at 6.6436/21. At the same time, we should be wary of a strong resistance area at 6.6650/00, created by the daily R1, March 22 high and 200-hour SMA. If this

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