in ANALISA by hafid zaini

7647151 7/13/2017 6:20 PM, USD/DKK intraday: the RSI is overbought


Our pivot point is at 6.5050.


Our preference

: the upside prevails as long as 6.5050 is support.


Alternative scenario

: the downside breakout of 6.5050 would call for 6.4829 and 6.4698.


Comment

: the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 6.5100 and 6.5100).


Supports and resistances

:

6.6060 **

6.5929 *

6.5797 **

6.5666

6.5311 last

6.5136

6.5050 **

6.4829 *

6.4698 **