Indicators
Indicators
Value
Direction
MACD(12,26,9)
-0.009
Sell
RSI(14)
42.184
Neutral
STOCH(KDJ)(9,3,3)
43.928
Buy
ATR(14)
0.031
High Vlolatility
CCI(14)
-36.432
Neutral
Williams %R
80.556
Oversold
TRIX(12,20)
-0.043
Sell
StochRSI(14)
78.129
Sell
Search
USD/DKK
Add to Watchlist
6.480
-0.005-0.07%
TradingKey Chart
Time
1m
15m
30m
1h
4h
D
W
D
Today
-0.08%
5 Days
+0.16%
1 Month
-1.04%
6 Months
+2.99%
Year to Date
+1.91%
1 Year
+1.38%
Key Data Points
Opening Price
6.485Previous Closing Price
6.485Danish Krone: Weakness seen as structural against Euro – Nordea
Nordea’s Chief Analyst Jan Størup Nielsen notes that Nationalbanken did not intervene in July to support Denmark’s fixed exchange rate policy, after a small purchase of kroner in June.
FxstreetWed, Aug 5
Danish Krone: Record low against Euro tests central bank stance – Danske Bank
Danske Research Team notes that EUR/DKK hit a new historic high at 7.4739, with the Danish central bank refraining from FX intervention in May. They argue that while the bank shows patience with upward pressure, continued strength would likely prompt action to cap EUR/DKK.
FxstreetWed, Jun 3
DKK: No intervention yet – Nordea
The report by Nordea, authored by Jan Størup Nielsen and Anders Svendsen, discusses the Danish Krone's (DKK) recent performance against the Euro.
FxstreetFri, Feb 6
DKK: Intervention remains absent – Nordea
Despite the weakened Danish Krone (DKK) against the Euro (EUR), the Danish central bank has not intervened in the foreign exchange market, indicating that the current interest rate spread will likely remain unchanged.
FxstreetWed, Feb 4
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Neutral
Moving Average
Indicators
Value
Direction
MA5
6.476
Buy
MA10
6.479
Buy
MA20
6.513
Sell
MA50
6.518
Sell
MA100
6.460
Buy
MA200
6.425
Buy
USD/DKK Trading Strategy
Intraday
Short Term
Trading Strategy
As long as 6.4659 is support, look for 6.4990
Alternative scenario
below 6.4659, expect 6.4543 and 6.4473.
Comment
As long as 6.4659 is support, look for 6.4990
30 minutes ago
Source: Trading Central(Reference Only)
More Details of USD/DKK
The USD/DKK currency pair represents the exchange rate between the US Dollar (USD) and the Danish Krone (DKK). The Danish Krone is the official currency of Denmark and is known for its stability, often pegged to the Euro. This pair is significant for traders and investors interested in the Scandinavian market and reflects the economic relationship between the US and Denmark, influenced by trade, interest rates, and macroeconomic indicators.
Is USD/DKK a popular currency pair among traders?
While not as widely traded as major pairs, USD/DKK is of interest to traders focusing on European markets, particularly those with exposure to Denmark and the Nordic region.
How does the Euro influence USD/DKK?
Since the Danish Krone is pegged to the Euro, fluctuations in the EUR/USD exchange rate can indirectly affect USD/DKK. Changes in Eurozone economic conditions and policies can lead to corresponding movements in the DKK against the USD.
Why is the Danish Krone considered stable?
The DKK is considered stable due to Denmark's strong economy, sound monetary policy, and its fixed exchange rate policy with the Euro.
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