DKK/MXN

- MXN (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	DKKMXN
ISIN:

DKK/MXN - Daily - Technical analysis published on 08/14/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

78%

11%

My opinion

Bearish under 2.8095 MXN

My targets

2.6841 MXN (-0.0546)

2.6640 MXN (-0.0747)

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 2.8095 MXN. The next support located at 2.6841 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 2.6640 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.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.2

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 2.7387 MXN. On the day, this instrument gained +0.00% and was between 2.7331 MXN and 2.7411 MXN. This implies that the price is at +0.20% from its lowest and at -0.09% from its highest.

2.7331

2.7411

2.7387

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of DKK/MXN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bullish doji star

Type : Bullish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1005	2.3461	2.6841	2.7387	2.8095	2.8882	2.9959
Change (%)	-23.30%	-14.34%	-1.99%	-	+2.59%	+5.46%	+9.39%
Change	-0.6382	-0.3926	-0.0546	-	+0.0708	+0.1495	+0.2572
Level	Minor	Minor	Major	-	Major	Major	Minor

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	2.6917	2.7132	2.7260	2.7475	2.7603	2.7818	2.7946
Camarilla	2.7294	2.7325	2.7357	2.7388	2.7419	2.7451	2.7482
Woodie	2.6874	2.7110	2.7217	2.7453	2.7560	2.7796	2.7903
Fibonacci	2.7132	2.7263	2.7344	2.7475	2.7606	2.7687	2.7818

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.6425	2.6886	2.7137	2.7598	2.7849	2.8310	2.8561
Camarilla	2.7192	2.7258	2.7323	2.7388	2.7453	2.7519	2.7584
Woodie	2.6320	2.6834	2.7032	2.7546	2.7744	2.8258	2.8456
Fibonacci	2.6886	2.7158	2.7326	2.7598	2.7870	2.8038	2.8310

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.6640	2.7141	2.7550	2.8051	2.8460	2.8961	2.9370
Camarilla	2.7709	2.7792	2.7876	2.7959	2.8042	2.8126	2.8209
Woodie	2.6594	2.7118	2.7504	2.8028	2.8414	2.8938	2.9324
Fibonacci	2.7141	2.7489	2.7703	2.8051	2.8399	2.8613	2.8961

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	34.68
MACD (12,26,9):	-0.0173
Directional Movement:	-8.5977
AROON (14):	-64.2857
DEMA (21):	2.7653
Parabolic SAR (0,02-0,02-0,2):	2.8261
Elder Ray (13):	-0.0394
Super Trend (3,10):	2.8194
Zig ZAG (10):	2.7391
VORTEX (21):	0.9233
Stochastique (14,3,5):	5.02
TEMA (21):	2.7575
Williams %R (14):	-94.62
Chande Momentum Oscillator (20):	-0.0400
Repulse (5,40,3):	-1.2627
ROCnROLL:	2
TRIX (15,9):	-0.0582
Courbe Coppock:	2.66

MA7:	2.7667
MA20:	2.7933
MA50:	2.8160
MA100:	2.8485
MAexp7:	2.7632
MAexp20:	2.7859
MAexp50:	2.8135
MAexp100:	2.8643
Price / MA7:	-1.01%
Price / MA20:	-1.95%
Price / MA50:	-2.75%
Price / MA100:	-3.85%
Price / MAexp7:	-0.89%
Price / MAexp20:	-1.69%
Price / MAexp50:	-2.66%
Price / MAexp100:	-4.39%

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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