{"id":12031,"date":"2010-08-13T09:15:54","date_gmt":"2010-08-13T13:15:54","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12031"},"modified":"2010-08-13T09:15:54","modified_gmt":"2010-08-13T13:15:54","slug":"usddkk-reversal-in-the-works","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/13\/usddkk-reversal-in-the-works\/","title":{"rendered":"USD\/DKK Reversal in the Works"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; A bullish move in the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/usd-dkk\">USD\/DKK <\/a>cross hasn\u2019t received much support as of late. Below, I will demonstrate that the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/usd-dkk\">USD\/DKK <\/a>pair  has already commenced a downward trend for today, and the cross may  tumble another 200-300 pips during the day. Traders are strongly advised  to take advantage of the trend at an early stage. Therefore, why not  open short positions at an excellent price?<\/p>\n<p>\u2022\tBelow is the 8-hour chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/usd-dkk\">USD\/DKK <\/a>currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Williams Percent Ranges, <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index (RSI), <\/a>and <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic Slow<\/a>.<\/p>\n<p>\u2022\tPoint 1: <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">The Slow Stochastic <\/a>indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">The Relative Strength Index (RSI)<\/a> indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Ranges signals further bearishness  for the pair, which in turn indicates further downward pressure to occur  anytime soon.<\/p>\n<p><strong>USD\/DKK 8-Hour Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/USD-DKK-13-8.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/08\/USD-DKK-13-8.JPG\" alt=\"\" width=\"468\" height=\"589\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by<span style=\"text-decoration: underline;\"> <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/span><\/strong><\/em><\/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 Anton Eljwizat &#8211; A bullish move in the USD\/DKK cross hasn\u2019t received much support as of late. Below, I will demonstrate that the USD\/DKK pair has already commenced a downward trend for today, and the cross may tumble another 200-300 pips during the day. Traders are strongly advised to take advantage of the trend &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/08\/13\/usddkk-reversal-in-the-works\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/DKK Reversal in the Works&#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-12031","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12031","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=12031"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12031\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}