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DKK/MXN
DKK MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: DKKMXN
ISIN:

DKK/MXN - 1H - Technical analysis published on 02/23/2023 (GMT)

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Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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: Neutral
Underlying: Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 2.6318 MXN
My targets
2.6052 MXN (-0.0110)
2.5775 MXN (-0.0387)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.6318 MXN remains possible. It is advisable to trade DKK/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.6318 MXN. The next bearish objective for sellers is set at 2.6052 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.5775 MXN. In case of crossing, the next objective would be the support located at 2.3461 MXN. PS: if there is a bullish break in the resistance located at 2.6318 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.5

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.

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

Additional analysis

Quotes

The DKK/MXN price is 2.6162 MXN. On the day, this instrument lost -0.02% and was traded between 2.6033 MXN and 2.6249 MXN over the period. The price is currently at +0.50% from its lowest and -0.33% from its highest.

2.6033
2.6249
2.6162

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:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this DKK/MXN chart shows a bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 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



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.3461 2.5775 2.6052 2.6162 2.6318 2.6424 2.6623
Change (%) -10.32% -1.48% -0.42% - +0.60% +1.00% +1.76%
Change -0.2701 -0.0387 -0.0110 - +0.0156 +0.0262 +0.0461
Level Minor Major Minor - Intermediate Intermediate Intermediate



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
Standard2.57682.59522.60592.62432.63502.65342.6641
Camarilla2.60872.61142.61402.61672.61942.62202.6247
Woodie2.57312.59332.60222.62242.63132.65152.6604
Fibonacci2.59522.60632.61322.62432.63542.64232.6534


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.55852.59522.61622.65292.67392.71062.7316
Camarilla2.62132.62662.63192.63722.64252.64782.6531
Woodie2.55072.59132.60842.64902.66612.70672.7238
Fibonacci2.59522.61722.63092.65292.67492.68862.7106


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.58832.64402.69792.75362.80752.86322.9171
Camarilla2.72162.73162.74172.75172.76182.77182.7818
Woodie2.58732.64362.69692.75322.80652.86282.9161
Fibonacci2.64402.68592.71182.75362.79552.82142.8632

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): 46.09
MACD (12,26,9): -0.0020
Directional Movement: -1.4951
AROON (14): 42.8572
DEMA (21): 2.6129
Parabolic SAR (0,02-0,02-0,2): 2.6090
Elder Ray (13): 0.0006
Super Trend (3,10): 2.6050
Zig ZAG (10): 2.6154
VORTEX (21): 0.9781
Stochastique (14,3,5): 52.78
TEMA (21): 2.6145
Williams %R (14): -45.83
Chande Momentum Oscillator (20): 0.0056
Repulse (5,40,3): -0.1062
ROCnROLL: 2
TRIX (15,9): -0.0168
Courbe Coppock: 0.00
MA7: 2.6385
MA20: 2.6939
MA50: 2.7375
MA100: 2.7113
MAexp7: 2.6153
MAexp20: 2.6160
MAexp50: 2.6221
MAexp100: 2.6315
Price / MA7: -0.85%
Price / MA20: -2.88%
Price / MA50: -4.43%
Price / MA100: -3.51%
Price / MAexp7: +0.03%
Price / MAexp20: +0.01%
Price / MAexp50: -0.23%
Price / MAexp100: -0.58%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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