{"id":16113,"date":"2010-12-01T09:25:16","date_gmt":"2010-12-01T14:25:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16113"},"modified":"2010-12-01T09:25:16","modified_gmt":"2010-12-01T14:25:16","slug":"dkks-correction-versus-usd-likely-to-continue","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/01\/dkks-correction-versus-usd-likely-to-continue\/","title":{"rendered":"DKK\u2019s Correction versus USD Likely to Continue"},"content":{"rendered":"<p><strong>By Natalie R.<\/strong> &#8211; Following a strong bearish streak versus the USD over the past week,  the DKK has begun a modest correction versus the greenback and it looks  like the trend is likely to continue further.<\/p>\n<p>Below is the daily chart of USD\/DKK. The technical indicators are the RSI, Slow Stochastic and Williams Percent Range.<\/p>\n<p>&#8211;\u00a0A breach of the upper Bollinger Band is evident on the chart (1),  indicating the downward correction is expected to continue further.<br \/>\n&#8211;\u00a0A bearish cross is evident on the Slow Stochastic (2), signaling the next move may be a downward correction.<br \/>\n&#8211;\u00a0The RSI (3) signals that the price of this pair is floating in the overbought territory, suggesting downward pressure.<br \/>\n&#8211;\u00a0Williams Percent Range (4) further supports the downward direction as it is still near the upper limit.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/usddkk.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/usddkk.JPG\" alt=\"\" width=\"590\" height=\"527\" \/><\/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 Natalie R. &#8211; Following a strong bearish streak versus the USD over the past week, the DKK has begun a modest correction versus the greenback and it looks like the trend is likely to continue further. Below is the daily chart of USD\/DKK. The technical indicators are the RSI, Slow Stochastic and Williams Percent &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/12\/01\/dkks-correction-versus-usd-likely-to-continue\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DKK\u2019s Correction versus USD Likely to Continue&#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-16113","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16113","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=16113"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16113\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}