DKK/MXN - 1H - Technical analysis published on 01/20/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 2.7489 MXN
My targets
2.7784 MXN (+0.0118)
2.8082 MXN (+0.0416)
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 2.7489 MXN. The buyers' bullish objective is set at 2.7784 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.8082 MXN. If there is any crossing, the next objective would be the resistance located at 2.8882 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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Additional analysis
Quotes
The DKK/MXN price is 2.7666 MXN. The price has increased by +0.00% since the last closing and was traded between 2.7604 MXN and 2.7678 MXN over the period. The price is currently at +0.22% from its lowest and -0.04% from its highest.2.7604
2.7678
2.7666
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 (5 years)
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 this 1H chart of DKK/MXN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. 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
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.7336 | 2.7489 | 2.7643 | 2.7666 | 2.7784 | 2.8082 | 2.8882 |
| Change (%) | -1.19% | -0.64% | -0.08% | - | +0.43% | +1.50% | +4.40% |
| Change | -0.0330 | -0.0177 | -0.0023 | - | +0.0118 | +0.0416 | +0.1216 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.7025 | 2.7201 | 2.7433 | 2.7609 | 2.7841 | 2.8017 | 2.8249 |
| Camarilla | 2.7554 | 2.7591 | 2.7629 | 2.7666 | 2.7703 | 2.7741 | 2.7778 |
| Woodie | 2.7054 | 2.7215 | 2.7462 | 2.7623 | 2.7870 | 2.8031 | 2.8278 |
| Fibonacci | 2.7201 | 2.7357 | 2.7453 | 2.7609 | 2.7765 | 2.7861 | 2.8017 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.6641 | 2.6946 | 2.7143 | 2.7448 | 2.7645 | 2.7950 | 2.8147 |
| Camarilla | 2.7201 | 2.7247 | 2.7293 | 2.7339 | 2.7385 | 2.7431 | 2.7477 |
| Woodie | 2.6586 | 2.6919 | 2.7088 | 2.7421 | 2.7590 | 2.7923 | 2.8092 |
| Fibonacci | 2.6946 | 2.7138 | 2.7257 | 2.7448 | 2.7640 | 2.7759 | 2.7950 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5589 | 2.6279 | 2.7172 | 2.7862 | 2.8755 | 2.9445 | 3.0338 |
| Camarilla | 2.7629 | 2.7774 | 2.7919 | 2.8064 | 2.8209 | 2.8354 | 2.8499 |
| Woodie | 2.5690 | 2.6330 | 2.7273 | 2.7913 | 2.8856 | 2.9496 | 3.0439 |
| Fibonacci | 2.6279 | 2.6884 | 2.7258 | 2.7862 | 2.8467 | 2.8841 | 2.9445 |
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): | 62.08 | |
| MACD (12,26,9): | 0.0043 | |
| Directional Movement: | 11.9204 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 2.7688 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7773 | |
| Elder Ray (13): | 0.0011 | |
| Super Trend (3,10): | 2.7498 | |
| Zig ZAG (10): | 2.7661 | |
| VORTEX (21): | 1.0341 | |
| Stochastique (14,3,5): | 32.64 | |
| TEMA (21): | 2.7662 | |
| Williams %R (14): | -35.51 | |
| Chande Momentum Oscillator (20): | 0.0021 | |
| Repulse (5,40,3): | 0.0626 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0309 | |
| Courbe Coppock: | 0.02 |
| MA7: | 2.7426 | |
| MA20: | 2.7587 | |
| MA50: | 2.7540 | |
| MA100: | 2.7028 | |
| MAexp7: | 2.7644 | |
| MAexp20: | 2.7622 | |
| MAexp50: | 2.7517 | |
| MAexp100: | 2.7444 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +0.46% | |
| Price / MA100: | +2.36% | |
| Price / MAexp7: | +0.08% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.54% | |
| Price / MAexp100: | +0.81% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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