DKK/MXN - 1H - Technical analysis published on 10/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 3.1703 MXN
My targets
3.1404 MXN (-0.0201)
3.1134 MXN (-0.0471)
My analysis
DKK/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.1703 MXN. The next support located at 3.1404 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.1134 MXN. Below this support, sellers could then target 2.9931 MXN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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
The DKK/MXN price is 3.1605 MXN. On the day, this instrument lost -0.10% and was traded between 3.1552 MXN and 3.1712 MXN over the period. The price is currently at +0.17% from its lowest and -0.34% from its highest.3.1552
3.1712
3.1605
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/MXN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.8296 | 2.9931 | 3.1404 | 3.1605 | 3.1622 | 3.1703 | 3.1809 |
| Change (%) | -10.47% | -5.30% | -0.64% | - | +0.05% | +0.31% | +0.65% |
| Change | -0.3309 | -0.1674 | -0.0201 | - | +0.0017 | +0.0098 | +0.0204 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1242 | 3.1430 | 3.1533 | 3.1721 | 3.1824 | 3.2012 | 3.2115 |
| Camarilla | 3.1556 | 3.1583 | 3.1609 | 3.1636 | 3.1663 | 3.1689 | 3.1716 |
| Woodie | 3.1200 | 3.1409 | 3.1491 | 3.1700 | 3.1782 | 3.1991 | 3.2073 |
| Fibonacci | 3.1430 | 3.1541 | 3.1610 | 3.1721 | 3.1832 | 3.1901 | 3.2012 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0604 | 3.1134 | 3.1417 | 3.1947 | 3.2230 | 3.2760 | 3.3043 |
| Camarilla | 3.1475 | 3.1550 | 3.1625 | 3.1699 | 3.1774 | 3.1848 | 3.1923 |
| Woodie | 3.0480 | 3.1072 | 3.1293 | 3.1885 | 3.2106 | 3.2698 | 3.2919 |
| Fibonacci | 3.1134 | 3.1445 | 3.1637 | 3.1947 | 3.2258 | 3.2450 | 3.2760 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0830 | 3.1120 | 3.1613 | 3.1903 | 3.2396 | 3.2686 | 3.3179 |
| Camarilla | 3.1892 | 3.1964 | 3.2035 | 3.2107 | 3.2179 | 3.2251 | 3.2322 |
| Woodie | 3.0933 | 3.1171 | 3.1716 | 3.1954 | 3.2499 | 3.2737 | 3.3282 |
| Fibonacci | 3.1120 | 3.1419 | 3.1604 | 3.1903 | 3.2202 | 3.2387 | 3.2686 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 36.40 | |
| MACD (12,26,9): | -0.0040 | |
| Directional Movement: | -11.0302 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 3.1587 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1660 | |
| Elder Ray (13): | -0.0026 | |
| Super Trend (3,10): | 3.1697 | |
| Zig ZAG (10): | 3.1596 | |
| VORTEX (21): | 0.9099 | |
| Stochastique (14,3,5): | 30.21 | |
| TEMA (21): | 3.1585 | |
| Williams %R (14): | -71.25 | |
| Chande Momentum Oscillator (20): | -0.0044 | |
| Repulse (5,40,3): | 0.0398 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0192 | |
| Courbe Coppock: | 0.29 |
| MA7: | 3.1869 | |
| MA20: | 3.1934 | |
| MA50: | 3.1822 | |
| MA100: | 3.1909 | |
| MAexp7: | 3.1605 | |
| MAexp20: | 3.1644 | |
| MAexp50: | 3.1720 | |
| MAexp100: | 3.1818 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | -0.68% | |
| Price / MA100: | -0.95% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.36% | |
| Price / MAexp100: | -0.67% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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