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Posted by jack on February 20, 2025 at 2:06pm 0 Comments 0 Likes
88 EUR to DKK
Danish Krone to exchange rate. If this breakout occurs, the following target is the lower range line or the 23.
Don't forget, if you have any questions about Danish Krone or exchange rates, currencies future, denominations of banknotes validity - just ask or read already answered questions at the bottom of this page. To avoid disappointment, choose a percentage add-on from the Interbank rate equivalent to the expected spread charged by your financial institution. In order to confirm this scenario, the US Dollar has to breach the combined support of the 100— and 200-period 4H SMAs located at 6.
Danish Krone to (DKK to XAF) exchange rate, chart - A successful breakout could result in a test of the 200-period SMA near 32.
This breakout was caused by the strong 2. The US Dollar has since edged even higher past the monthly R3 at 33. This is the pair's highest location since October 2017. It is apparent that this strong appreciation has eased during the following two weeks. This means that bulls are unable to push higher and thus are likely to give up their positions. In addition, technical indicators on the 4H are converging with the price level which in turn strengthens this bearish scenario. The nearest target for the following trading sessions is the breached senior channel and the 200-hour SMA. A successful breakout could result in a test of the 200-period SMA near 32. This movement sideways has been bounded in a four-month ascending channel. The US Dollar surged significantly on June 14, but was nevertheless stopped by the upper boundary of the above range. This shows that bulls are no longer able to push the pair higher—up to the senior channel line near 6. This allows to think that a medium-term decline is in sight. In order to confirm this scenario, the US Dollar has to breach the combined support of the 100— and 200-period 4H SMAs located at 6. If this breakout occurs, the following target is the lower range line or the 23.
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