DKK/MXN - 1H - Technical analysis published on 08/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 3.1587 MXN
My targets
3.1680 MXN (+0.0040)
3.1781 MXN (+0.0141)
My analysis
DKK/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.1587 MXN. The next resistance located at 3.1680 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.1781 MXN. After this resistance, buyers could then target 3.2989 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/MXN rating 3.1640 MXN. The price has increased by +0.31% since the last closing with the lowest point at 3.1504 MXN and the highest point at 3.1745 MXN. The deviation from the price is +0.43% for the low point and -0.33% for the high point.3.1504
3.1745
3.1640
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/MXN in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.1537 | 3.1587 | 3.1636 | 3.1640 | 3.1680 | 3.1781 | 3.2989 |
| Change (%) | -0.33% | -0.17% | -0.01% | - | +0.13% | +0.45% | +4.26% |
| Change | -0.0103 | -0.0053 | -0.0004 | - | +0.0040 | +0.0141 | +0.1349 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1307 | 3.1371 | 3.1456 | 3.1520 | 3.1605 | 3.1669 | 3.1754 |
| Camarilla | 3.1500 | 3.1514 | 3.1527 | 3.1541 | 3.1555 | 3.1568 | 3.1582 |
| Woodie | 3.1318 | 3.1376 | 3.1467 | 3.1525 | 3.1616 | 3.1674 | 3.1765 |
| Fibonacci | 3.1371 | 3.1428 | 3.1463 | 3.1520 | 3.1577 | 3.1612 | 3.1669 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0891 | 3.1120 | 3.1324 | 3.1553 | 3.1757 | 3.1986 | 3.2190 |
| Camarilla | 3.1410 | 3.1450 | 3.1489 | 3.1529 | 3.1569 | 3.1608 | 3.1648 |
| Woodie | 3.0880 | 3.1114 | 3.1313 | 3.1547 | 3.1746 | 3.1980 | 3.2179 |
| Fibonacci | 3.1120 | 3.1285 | 3.1387 | 3.1553 | 3.1718 | 3.1820 | 3.1986 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0809 | 3.1145 | 3.1427 | 3.1763 | 3.2045 | 3.2381 | 3.2663 |
| Camarilla | 3.1539 | 3.1596 | 3.1652 | 3.1709 | 3.1766 | 3.1822 | 3.1879 |
| Woodie | 3.0782 | 3.1132 | 3.1400 | 3.1750 | 3.2018 | 3.2368 | 3.2636 |
| Fibonacci | 3.1145 | 3.1381 | 3.1527 | 3.1763 | 3.1999 | 3.2145 | 3.2381 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 66.69 | |
| MACD (12,26,9): | 0.0052 | |
| Directional Movement: | 20.8414 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 3.1666 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1640 | |
| Elder Ray (13): | 0.0048 | |
| Super Trend (3,10): | 3.1572 | |
| Zig ZAG (10): | 3.1656 | |
| VORTEX (21): | 1.1716 | |
| Stochastique (14,3,5): | 77.73 | |
| TEMA (21): | 3.1700 | |
| Williams %R (14): | -43.57 | |
| Chande Momentum Oscillator (20): | 0.0107 | |
| Repulse (5,40,3): | -0.2099 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0177 | |
| Courbe Coppock: | 0.83 |
| MA7: | 3.1523 | |
| MA20: | 3.1662 | |
| MA50: | 3.1883 | |
| MA100: | 3.2180 | |
| MAexp7: | 3.1654 | |
| MAexp20: | 3.1609 | |
| MAexp50: | 3.1555 | |
| MAexp100: | 3.1538 | |
| Price / MA7: | +0.37% | |
| Price / MA20: | -0.07% | |
| Price / MA50: | -0.76% | |
| Price / MA100: | -1.68% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.32% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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