{"id":6500,"date":"2010-02-03T08:54:49","date_gmt":"2010-02-03T13:54:49","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6500"},"modified":"2010-02-03T08:54:49","modified_gmt":"2010-02-03T13:54:49","slug":"usddkk-bearish-correction-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/02\/03\/usddkk-bearish-correction-in-the-making\/","title":{"rendered":"USD\/DKK Bearish Correction in the Making"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; Last week\u2019s bullish movement of 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 in the coming 2 days. Traders are strongly advised to take advantage of the trend at an early stage. Therefore, why not open short positions at this most recent price?<\/p>\n<p>\u2022\tThe technical indicators that are used are the Relative Strength Index (RSI), Stochastic Slow and MACD.<\/p>\n<p>\u2022 Point 1: The Relative Strength Index (RSI) indicates that the price of this cross currently floats in the overbought territory, signaling downward pressure.<\/p>\n<p>\u2022\tPoint 2: : The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022 Point 3: The MACD indicates an impending bearish cross, which may signal a downward movement is going to occur in the near future.<\/p>\n<p><strong>USD\/DKK Daily Chart<\/strong><\/p>\n<p><strong><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/USD-DKK-2-3.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/02\/USD-DKK-2-3.JPG\" alt=\"\" width=\"445\" height=\"562\" \/><\/a><br \/>\n<\/strong><\/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 Anton Eljwizat &#8211; Last week\u2019s bullish movement of 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 in the coming 2 days. Traders are strongly advised to take advantage &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/02\/03\/usddkk-bearish-correction-in-the-making\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/DKK Bearish Correction in the Making&#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-6500","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6500","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=6500"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6500\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=6500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=6500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=6500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}