{"id":9295,"date":"2010-05-11T07:15:35","date_gmt":"2010-05-11T11:15:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9295"},"modified":"2010-05-11T07:15:35","modified_gmt":"2010-05-11T11:15:35","slug":"usddkk-could-see-bearish-move-soon","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/11\/usddkk-could-see-bearish-move-soon\/","title":{"rendered":"USD\/DKK Could See Bearish Move Soon"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong> &#8211; USD\/DKK recently saw a fairly significant bullish correction occur,  jumping from 5.7077 to 5.8650 in just over 24 hours.  As will be shown  through a number of technical indicators, that bullish sentiment may  prove to be short-lived as a downward trend may occur in the near  future.<\/p>\n<p>We will be using the ForexYard 4-hour  chart for USD\/DKK in our analysis.  In addition to the Slow Stochastic,  the current resistance line as well as a Doji candlestick formation will  lend support to the hypothesis that the pair could see a bearish  reversal in the near future.<\/p>\n<p>1.   The current resistance line indicates that the pair may have  peaked right around its current level.  Traders can take this as a sign  that the pair is unlikely to move higher, and could reverse directions.<\/p>\n<p>2.  A Doji candlestick formation has occurred, as illustrated by  point number 2.  Traders can take this as an indication that a trend  reversal is likely to take place in the near future.<\/p>\n<p>3.  The Stochastic Slow shows a bullish cross has formed above the  upper resistance line.  This further supports our original theory that a  bearish reversal is likely to take place.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/scand-11.5.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/scand-11.5.bmp\" alt=\"\" width=\"594\" height=\"579\" \/><\/a><\/p>\n<p><strong><em>Forex Market  Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                  Yard.<\/a><\/strong><\/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; USD\/DKK recently saw a fairly significant bullish correction occur, jumping from 5.7077 to 5.8650 in just over 24 hours. As will be shown through a number of technical indicators, that bullish sentiment may prove to be short-lived as a downward trend may occur in the near future. We will be using &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/11\/usddkk-could-see-bearish-move-soon\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/DKK Could See Bearish Move Soon&#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-9295","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9295","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=9295"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9295\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}