{"id":13349,"date":"2010-09-27T09:15:23","date_gmt":"2010-09-27T13:15:23","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13349"},"modified":"2010-09-27T09:15:23","modified_gmt":"2010-09-27T13:15:23","slug":"usd-may-bounce-back-vs-danish-counterpart","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/09\/27\/usd-may-bounce-back-vs-danish-counterpart\/","title":{"rendered":"USD May Bounce Back Vs. Danish Counterpart"},"content":{"rendered":"<p><strong>By Dan Eduard <\/strong>&#8211; Over the last two weeks, the US dollar has been dropping at a steady  rate against the Danish krone.  Since the 12th of September, the USD\/DKK  pair has fallen almost 3500 pips, to its current level of 5.5375.  As  we will see through a variety of technical indicators, the pair may have  hit a low point and has the potential for a significant upward  correction.<\/p>\n<p>We will be looking at the 8-hour chart  provided by Forexyard.  The technical indicators being examined are the  Stochastic Slow, Relative Strength Index (RSI) and Williams Percent  Range.<\/p>\n<p>1.  The <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic Slow<\/a> has recently formed a bullish cross, meaning that an upward correction is likely to occur in the near future.<\/p>\n<p>2.  This theory is supported by the <a href=\"http:\/\/www.forexyard.com\/en\/relative-strength-index-rsi\">Relative Strength Index<\/a>,  which is currently right around the 20 level.  Typically anything below  the support line at 30 is a sign of the pair being oversold.  Traders  can take this as a sign that a bullish move may occur.<\/p>\n<p>3.  Finally, the Williams Percent Range, currently at the -90 level,  is well into oversold territory.  This lends further support to our  original theory that upward movement is likely to occur.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/09\/scand-chart-27.9.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/09\/scand-chart-27.9.bmp\" alt=\"\" width=\"590\" height=\"581\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/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 Dan Eduard &#8211; Over the last two weeks, the US dollar has been dropping at a steady rate against the Danish krone. Since the 12th of September, the USD\/DKK pair has fallen almost 3500 pips, to its current level of 5.5375. As we will see through a variety of technical indicators, the pair may &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/09\/27\/usd-may-bounce-back-vs-danish-counterpart\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD May Bounce Back Vs. Danish Counterpart&#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-13349","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13349","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=13349"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13349\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}