DKK/MXN - 1H - Technical analysis published on 10/11/2022 (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
44%
22%
33%
My opinion
Bearish under 2.6167 MXN
My targets
2.5791 MXN (-0.0260)
2.5373 MXN (-0.0678)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/MXN as long as the price remains well below 2.6167 MXN. The sellers' bearish objective is set at 2.5791 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.5373 MXN. In case of crossing, the next objective would be the support located at 2.3461 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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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 price is 2.6051 MXN. The price registered an increase of +0.00% on the session and was traded between 2.6045 MXN and 2.6058 MXN over the period. The price is currently at +0.02% from its lowest and -0.03% from its highest.2.6045
2.6058
2.6051
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 DKK/MXN in 1H shows a overall strongly bearish trend. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.1005 | 2.3461 | 2.6051 | 2.6167 | 2.6287 | 2.6480 |
| Change (%) | -19.37% | -9.94% | - | +0.45% | +0.91% | +1.65% |
| Change | -0.5046 | -0.2590 | - | +0.0116 | +0.0236 | +0.0429 |
| Level | Intermediate | Minor | - | Intermediate | 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 | 2.5682 | 2.5837 | 2.5944 | 2.6099 | 2.6206 | 2.6361 | 2.6468 |
| Camarilla | 2.5980 | 2.6004 | 2.6028 | 2.6052 | 2.6076 | 2.6100 | 2.6124 |
| Woodie | 2.5659 | 2.5825 | 2.5921 | 2.6087 | 2.6183 | 2.6349 | 2.6445 |
| Fibonacci | 2.5837 | 2.5937 | 2.5999 | 2.6099 | 2.6199 | 2.6261 | 2.6361 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5373 | 2.5791 | 2.6019 | 2.6437 | 2.6665 | 2.7083 | 2.7311 |
| Camarilla | 2.6070 | 2.6130 | 2.6189 | 2.6248 | 2.6307 | 2.6366 | 2.6426 |
| Woodie | 2.5279 | 2.5744 | 2.5925 | 2.6390 | 2.6571 | 2.7036 | 2.7217 |
| Fibonacci | 2.5791 | 2.6037 | 2.6190 | 2.6437 | 2.6683 | 2.6836 | 2.7083 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4732 | 2.5400 | 2.5980 | 2.6648 | 2.7228 | 2.7896 | 2.8476 |
| Camarilla | 2.6216 | 2.6330 | 2.6445 | 2.6559 | 2.6673 | 2.6788 | 2.6902 |
| Woodie | 2.4687 | 2.5378 | 2.5935 | 2.6626 | 2.7183 | 2.7874 | 2.8431 |
| Fibonacci | 2.5400 | 2.5877 | 2.6172 | 2.6648 | 2.7125 | 2.7420 | 2.7896 |
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): | 35.22 | |
| MACD (12,26,9): | -0.0056 | |
| Directional Movement: | -9.2509 | |
| AROON (14): | -7.1428 | |
| DEMA (21): | 2.6009 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.6001 | |
| Elder Ray (13): | -0.0016 | |
| Super Trend (3,10): | 2.6189 | |
| Zig ZAG (10): | 2.6046 | |
| VORTEX (21): | 0.8318 | |
| Stochastique (14,3,5): | 41.50 | |
| TEMA (21): | 2.6024 | |
| Williams %R (14): | -63.58 | |
| Chande Momentum Oscillator (20): | 0.0004 | |
| Repulse (5,40,3): | -0.0179 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0374 | |
| Courbe Coppock: | 0.55 |
| MA7: | 2.6474 | |
| MA20: | 2.6572 | |
| MA50: | 2.6968 | |
| MA100: | 2.7617 | |
| MAexp7: | 2.6051 | |
| MAexp20: | 2.6092 | |
| MAexp50: | 2.6221 | |
| MAexp100: | 2.6343 | |
| Price / MA7: | -1.60% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -3.40% | |
| Price / MA100: | -5.67% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -1.11% |
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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