16 Feb 2021
USD/DKK 4H Chart: Bears could prevail
Indicator4H1D1W MACD(12;26;9)SellBuySell RSI(14)NeutralNeutralNeutral Stochastic(5;3;3)NeutralBuyNeutral Alligator(13;8;5)SellNeutralSell SAR(0.02;0.2)SellSellSell Aggregate⇘⇒⇘ [ANNOUNCE] Since the beginning of September, the USD/DKK currency pair has been trading within a falling wedge pattern. [/ANNOUNCE] From a theoretical perspective, it is likely that the exchange rate could continue to decline within the predetermined pattern in the medium term. Note that the rate could gain support at the psychological level at 6.0300. In