USDDKK Strong bullish signal within a Channel Up.

The USDDKK pair broke above its 1D MA50 (blue trend-line), which held yesterday as Support and this technically confirmed the continuation of the new Bullish Leg of the Channel Up that started after the December 28 2023 bottom.

In the past 12 months, we have seen strong accumulation to be taking place every time the pair breaks below the 1D MA50 (blue arc pattern), followed by a strong rise. Now that we trade within the Channel Up, the natural target is its top (Higher Highs trend-line).

We have set ours a little lower at 7.08000, in case it 'only' registers a +3.66% rise, similar to the April 16 Higher High.

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