USD/DKK Trading Analysis (08/04/2025)
The trend is down. The currency pair is trading in the range between 365 and 135 EMAs. The upward truncated wave structure finished with the breach of the pivot 2 of the wave C. There is a bearish divergence on the Awesome Oscillator, while the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Buy at the beginning of the formation of the descending wave structure.
- Stop-loss at 6.8542.
- Price targets at 6.7258 and 6.7000.
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