{"id":4583,"date":"2009-11-05T07:05:56","date_gmt":"2009-11-05T12:05:56","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=4583"},"modified":"2009-11-05T07:05:56","modified_gmt":"2009-11-05T12:05:56","slug":"is-the-usddkk-facing-a-downtrend","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2009\/11\/05\/is-the-usddkk-facing-a-downtrend\/","title":{"rendered":"Is the USD\/DKK Facing a Downtrend?"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; The USD\/DKK pair has recently dropped around 700 pips and is currently traded for the 5.0146 level. The 4-hour chat provides signal that this bearish move is likely to proceed, how far can it go?<\/p>\n<p>\u2022 The chart below is the USD\/DKK 4-hour chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow Stochastic, the MACD\/OsMA and the Relative Strength Index (RSI).<br \/>\n\u2022 The Slow Stochastic has dropped below the 20-line, and is yet to provide a bullish cross. This indicates that the further bearish momentum is expected.<br \/>\n\u2022 The MACD is showing a sequence of bearish crosses. This shows that the bearish pressure is quite strong at the moment.<br \/>\n\u2022 The RSI continues to face down. It currently seems that for as long as the RSI doesn\u2019t switch directions, the downtrend is likely to proceed.<br \/>\n\u2022 The pair is currently testing a very strong support level, placed at 5.005. If the pair will breach this level, it has the potential to drop all the way down towards the next support level which is placed at the 4.940 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/11\/usd-dkk.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2009\/11\/usd-dkk.bmp\" alt=\"\" width=\"595\" height=\"554\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex Yard.<\/strong><\/a><\/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 Yan Petters &#8211; The USD\/DKK pair has recently dropped around 700 pips and is currently traded for the 5.0146 level. The 4-hour chat provides signal that this bearish move is likely to proceed, how far can it go? \u2022 The chart below is the USD\/DKK 4-hour chart by ForexYard. \u2022 The technical indicators used &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2009\/11\/05\/is-the-usddkk-facing-a-downtrend\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Is the USD\/DKK Facing a Downtrend?&#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-4583","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/4583","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=4583"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/4583\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=4583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=4583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=4583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}