DKK/MXN - 1H - Technical analysis published on 09/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 2.6975 MXN
My targets
2.7054 MXN (+0.0039)
2.7144 MXN (+0.0129)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/MXN as long as the price remains well above 2.6975 MXN. The buyers' bullish objective is set at 2.7054 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.7144 MXN. If there is any crossing, the next objective would be the resistance located at 2.7253 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.8
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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 2.7015 MXN. On the day, this instrument lost -0.01% and was traded between 2.6974 MXN and 2.7056 MXN over the period. The price is currently at +0.15% from its lowest and -0.15% from its highest.2.6974
2.7056
2.7015
Here is a more detailed summary of the historical variations registered by DKK/MXN:
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
Technical analysis of DKK/MXN in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
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 | 2.6751 | 2.6841 | 2.6975 | 2.7015 | 2.7054 | 2.7144 | 2.7253 |
| Change (%) | -0.98% | -0.64% | -0.15% | - | +0.14% | +0.48% | +0.88% |
| Change | -0.0264 | -0.0174 | -0.0040 | - | +0.0039 | +0.0129 | +0.0238 |
| Level | Intermediate | Major | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6513 | 2.6696 | 2.6857 | 2.7040 | 2.7201 | 2.7384 | 2.7545 |
| Camarilla | 2.6923 | 2.6955 | 2.6987 | 2.7018 | 2.7050 | 2.7081 | 2.7113 |
| Woodie | 2.6502 | 2.6691 | 2.6846 | 2.7035 | 2.7190 | 2.7379 | 2.7534 |
| Fibonacci | 2.6696 | 2.6827 | 2.6909 | 2.7040 | 2.7171 | 2.7253 | 2.7384 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6087 | 2.6320 | 2.6590 | 2.6823 | 2.7093 | 2.7326 | 2.7596 |
| Camarilla | 2.6723 | 2.6769 | 2.6815 | 2.6861 | 2.6907 | 2.6953 | 2.6999 |
| Woodie | 2.6107 | 2.6329 | 2.6610 | 2.6832 | 2.7113 | 2.7335 | 2.7616 |
| Fibonacci | 2.6320 | 2.6512 | 2.6631 | 2.6823 | 2.7015 | 2.7134 | 2.7326 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4551 | 2.5568 | 2.6411 | 2.7428 | 2.8271 | 2.9288 | 3.0131 |
| Camarilla | 2.6742 | 2.6912 | 2.7083 | 2.7253 | 2.7424 | 2.7594 | 2.7765 |
| Woodie | 2.4463 | 2.5525 | 2.6323 | 2.7385 | 2.8183 | 2.9245 | 3.0043 |
| Fibonacci | 2.5568 | 2.6279 | 2.6718 | 2.7428 | 2.8139 | 2.8578 | 2.9288 |
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): | 50.89 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 4.4076 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 2.7023 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7128 | |
| Elder Ray (13): | -0.0001 | |
| Super Trend (3,10): | 2.7130 | |
| Zig ZAG (10): | 2.7008 | |
| VORTEX (21): | 0.8787 | |
| Stochastique (14,3,5): | 51.39 | |
| TEMA (21): | 2.7014 | |
| Williams %R (14): | -57.00 | |
| Chande Momentum Oscillator (20): | -0.0029 | |
| Repulse (5,40,3): | 0.0181 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0075 | |
| Courbe Coppock: | 0.05 |
| MA7: | 2.6880 | |
| MA20: | 2.6950 | |
| MA50: | 2.7536 | |
| MA100: | 2.7999 | |
| MAexp7: | 2.7011 | |
| MAexp20: | 2.7008 | |
| MAexp50: | 2.6976 | |
| MAexp100: | 2.6938 | |
| Price / MA7: | +0.50% | |
| Price / MA20: | +0.24% | |
| Price / MA50: | -1.89% | |
| Price / MA100: | -3.51% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.29% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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