DKK/MXN

- MXN (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	DKKMXN
ISIN:

DKK/MXN - Daily - Technical analysis published on 07/28/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

39%

33%

My opinion

Bearish under 2.8105 MXN

My targets

2.7272 MXN (-0.0670)

2.6841 MXN (-0.1101)

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 2.8105 MXN. The next support located at 2.7272 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 2.6841 MXN. Below this support, sellers could then target 2.3461 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

6.4

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The DKK/MXN rating is 2.7942 MXN. The price registered a decrease of -0.02% on the session and was between 2.7878 MXN and 2.7990 MXN. This implies that the price is at +0.23% from its lowest and at -0.17% from its highest.

2.7878

2.7990

2.7942

Here is a more detailed summary of the historical variations registered by DKK/MXN:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this DKK/MXN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1005	2.3461	2.6841	2.7942	2.8105	2.8882	2.9959
Change (%)	-24.83%	-16.04%	-3.94%	-	+0.58%	+3.36%	+7.22%
Change	-0.6937	-0.4481	-0.1101	-	+0.0163	+0.0940	+0.2017
Level	Minor	Minor	Major	-	Major	Major	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	2.7593	2.7688	2.7818	2.7913	2.8043	2.8138	2.8268
Camarilla	2.7886	2.7907	2.7927	2.7948	2.7969	2.7989	2.8010
Woodie	2.7611	2.7697	2.7836	2.7922	2.8061	2.8147	2.8286
Fibonacci	2.7688	2.7774	2.7827	2.7913	2.7999	2.8052	2.8138

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7048	2.7359	2.7771	2.8082	2.8494	2.8805	2.9217
Camarilla	2.7985	2.8052	2.8118	2.8184	2.8250	2.8317	2.8383
Woodie	2.7100	2.7384	2.7823	2.8107	2.8546	2.8830	2.9269
Fibonacci	2.7359	2.7635	2.7806	2.8082	2.8358	2.8529	2.8805

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.6575	2.7272	2.7801	2.8498	2.9027	2.9724	3.0253
Camarilla	2.7994	2.8106	2.8219	2.8331	2.8443	2.8556	2.8668
Woodie	2.6492	2.7230	2.7718	2.8456	2.8944	2.9682	3.0170
Fibonacci	2.7272	2.7740	2.8029	2.8498	2.8966	2.9255	2.9724

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):	43.67
MACD (12,26,9):	-0.0098
Directional Movement:	-6.2477
AROON (14):	21.4286
DEMA (21):	2.7979
Parabolic SAR (0,02-0,02-0,2):	2.8367
Elder Ray (13):	-0.0125
Super Trend (3,10):	2.8685
Zig ZAG (10):	2.7936
VORTEX (21):	0.9417
Stochastique (14,3,5):	33.93
TEMA (21):	2.7972
Williams %R (14):	-62.93
Chande Momentum Oscillator (20):	-0.0208
Repulse (5,40,3):	-0.1937
ROCnROLL:	2
TRIX (15,9):	-0.0471
Courbe Coppock:	1.01

MA7:	2.8072
MA20:	2.8104
MA50:	2.8283
MA100:	2.8772
MAexp7:	2.8011
MAexp20:	2.8110
MAexp50:	2.8341
MAexp100:	2.8863
Price / MA7:	-0.46%
Price / MA20:	-0.58%
Price / MA50:	-1.21%
Price / MA100:	-2.88%
Price / MAexp7:	-0.25%
Price / MAexp20:	-0.60%
Price / MAexp50:	-1.41%
Price / MAexp100:	-3.19%

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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