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USD/DKK to Continue Range

fxsurprise8 Posted 31 Oct. as Analysis on USD/DKK, Target: 6.7760, Date: 1st of December, 12:00 GMT  in #Technical analysis #DKK #Us Dollar #USD/DKK #Danish Krone #Range Bound #Denmark #Congestion
The USD/DKK gained about 1.4 percent in October. We seem to have a nice momentum move higher right now. But on a long-term perspective the pair remains firmly in a range. We can see on the chart below that the Danish Krone has been in this range since the start of February.
Prices are currently situated right in the middle of that range. Furthermore, the rally has been losing steam, as we can see on the chart below. All of this leads me to believe that we wont see major changes in the USD/DKK ne…
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The USD/DKK to Remain in a Range

fxsurprise8 Posted 30 Sep. as Analysis on USD/DKK, Target: 6.676, Date: 2nd of November, 12:00 GMT  in #Technical analysis #DKK #Consolidation #Us Dollar #Range #USD/DKK #Danish Krone #Range Bound #Range Trading #Denmark
The USD/DKK has remained in a range since January, for a total of 8 months now. On January 25th we opened the week at 6.6782 and right now we are trading at 6.6760. This 20 pips difference in this pair is nothing. It's the equivalent to about 4-5 Euro pips.
While ranges don't last forever, there is no reason to bet that this one will end in October. Even during September we've seen the USD/DKK trade mostly unchanged. On September 1st we opened at 6.6472 and we look set to close the month near 6.…
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No Major Changes for the USD/DKK

fxsurprise8 Posted 31 July as Analysis on USD/DKK, Target: 6.7930, Date: 1st of September, 12:00 GMT  in #Technical analysis #DKK #Us Dollar #USD/DKK #Danish Krone #Denmark
The USD/DKK had an uneventful July. We opened the month at 6.6980 and we are currently quoted at 0.7923, barely up 1 percent. The Summer dulldrums kept the pair within a tight range. Rallies near the 6.90 mark we quickly sold off and lows were bought up in the 6.65 / 6.70 area.
But even going further back prices were undecided. The daily chart below shows that this pair has stayed in a range since the middle of March. After reaching a high of 7.1254 that month and a low of 6.5080 back in May, th…
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