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USD/DKK to Stay Put

The USD/DKK had a wild ride in August. First we fell by 6 percent, then rallied by 4.5%. The chart below demonstrates the madness that was the month of August. But in trading it’s easy to miss the forest for the trees.
Let’s zoom in a bit. The chart below shows the USD/DKK for this year. Notice that since January 20th or so we’ve basically stayed around the current price of 6.65 Euros for one Danish Krone. Sure we moved above this level by a large margin, as well as below it. But ultimately the…
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al_dcdemo avatar

Great analysis, decent accuracy, well done!

Vitalinka_Pavlenko avatar

Great! Wonderfull job!

fxsurprise8 avatar

Things are not looking good for this forecast. The general bout of risk aversion, coupled with strong month and quarter-end flows led to a large USD rally. This in turn pushed the USD/DKK substantially above my 6.6522 target, currently at 6.6920.

AnnaVer1 avatar

Interesting and professional!

Polinaria avatar

Great analysis-)

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