{"id":10475,"date":"2010-06-23T09:30:51","date_gmt":"2010-06-23T13:30:51","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10475"},"modified":"2010-06-23T09:30:51","modified_gmt":"2010-06-23T13:30:51","slug":"bullish-on-the-usddkk","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/23\/bullish-on-the-usddkk\/","title":{"rendered":"Bullish on the USD\/DKK"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; The USD\/DKK daily chart below displays an increasing bullish trend  with a major and a minor trend line. The slope for the second trend line  is greater than the first and signals that the trend is increasing in  its speed. The Danish krone has been strengthening and the pair has  fallen from its high in the recent bullish trend and may have arrived at  an attractive price to enter long on the pair.<\/p>\n<p>The Danish krone has almost retraced to  the 23.6% Fibonacci level at 5.9000 for the recent daily trend and has  since bounced higher. We can see from the chart that another support  line has formed from this week\u2019s trading at a price of 5.9650 (S1). This  retracement has formed the second contact point for minor trend line.<\/p>\n<p>A technical signal to buy is provided by the RSI 14. The indicator  has entered into the oversold region and is now rising above the 30  line.<\/p>\n<p>Traders may want to go long on this signal with the first target at  the resistance line at 6.1200 (R1). The second target would be the swing  high of the bullish trend at a price of 6.2500.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/Bullish-on-the-USDDKK.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/06\/Bullish-on-the-USDDKK.JPG\" alt=\"\" width=\"595\" height=\"571\" \/><\/a><\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex               Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and               may not be suitable for all investors. There is a    possibility      that     you   could sustain a loss of all of your    investment and      therefore  you     should  not invest money that you    cannot afford to      lose. You  should  be    aware of  all the  risks   associated with   Foreign    Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell Glaser &#8211; The USD\/DKK daily chart below displays an increasing bullish trend with a major and a minor trend line. The slope for the second trend line is greater than the first and signals that the trend is increasing in its speed. The Danish krone has been strengthening and the pair has fallen &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/23\/bullish-on-the-usddkk\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bullish on the USD\/DKK&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-10475","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10475","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10475"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10475\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}