Technical Analyst, Saxo Bank
Danske Bank broke bullish out of its Wedge like pattern last week thereby reversing its medium-term bearish trend. RSI closed on weekly chart above 60 confirming the uptrend.
Trading around minor resistance around DKK121 and the 0.786 retracement of the downtrend since Q1 peak there is room for further upside to Q1 peak around 133.25
If Danske Bank can close above 133.25 the uptrend is established and monthly RSI is likely also set to close above 60 confirming the uptrend. An uptrend with some overhead resistances. The upper trendline in what appears to a slightly rising channel could in combination with 200 monthly SMA (Simple Moving Average) provide some resistance.
However, if Danske Bank closes above 133.25 it could move higher to the 1.382 projection of the wedge correction i.e., to around 151.
To reverse this bullish picture Danske Bank needs to close back below the upper falling trendline in the falling wedge pattern.
A new fragmented world order can render some of today's infrastructure obselete, but it also calls for massive new investments across the globe, which requires a new set of strategic and tactical investment strategies.
Steen Jakobsen,
Chief Investment Officer
As globalisation turns to fragmentation, China seems set on playing a role in the global economy, while simultaneously working towards proofing its own economic situation from external shocks and crises.
Redmond Wong,
Market Strategist
The recent bank runs and ensuing challenges are reminicent of something we've seen before. Will it end like the S&L crises of 1986 and 1995?
Chris Dembik,
Head of Macroeconomic Research
Equity markets need to recalibrate to another - fragmented - global world. What's your view on equities in this market - are they going up or down?
Peter Garnry,
Head of Equity Strategy
With every development comes new opportunites, some of which could be in India. Have you considered the country as a part of your diversification strategy?
Charu Chanana,
Market Strategist
A collar is an option strategy that allows some protection while maintaining some upside potential. What investment would you like to use a collar strategy for?
Hans Oudshoorn,
Trainer Academy
There are arguments to be made for many commodities to have upside. Which are you paying the most attention to this quarter?
Ole S. Hansen,
Head of Commodity Strategy
In a very challenging macro environment, which currencies do you think will come out on top?
John J. Hardy,
Head of FX Strategy