DKK/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	DKKMXN
ISIN:

DKK/MXN - Daily - Technical analysis published on 07/05/2023 (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

28%

39%

33%

My opinion

Bearish under 2.5478 MXN

My targets

2.4745 MXN (-0.0168)

2.4135 MXN (-0.0778)

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 2.5478 MXN. The next support located at 2.4745 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 2.4135 MXN. Below this support, sellers could then target 2.1005 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

6.4

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 2.4913 MXN. The price registered an increase of +0.00% on the session and was between 2.4909 MXN and 2.4934 MXN. This implies that the price is at +0.02% from its lowest and at -0.08% from its highest.

2.4909

2.4934

2.4913

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 Daily 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.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1005	2.4745	2.4913	2.5478	2.6841	2.7651
Change (%)	-15.69%	-0.67%	-	+2.27%	+7.74%	+10.99%
Change	-0.3908	-0.0168	-	+0.0565	+0.1928	+0.2738
Level	Intermediate	Intermediate	-	Intermediate	Major	Intermediate

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	2.4768	2.4831	2.4873	2.4936	2.4978	2.5041	2.5083
Camarilla	2.4885	2.4895	2.4904	2.4914	2.4924	2.4933	2.4943
Woodie	2.4757	2.4826	2.4862	2.4931	2.4967	2.5036	2.5072
Fibonacci	2.4831	2.4871	2.4896	2.4936	2.4976	2.5001	2.5041

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4548	2.4709	2.4879	2.5040	2.5210	2.5371	2.5541
Camarilla	2.4958	2.4988	2.5019	2.5049	2.5079	2.5110	2.5140
Woodie	2.4553	2.4711	2.4884	2.5042	2.5215	2.5373	2.5546
Fibonacci	2.4709	2.4835	2.4914	2.5040	2.5166	2.5245	2.5371

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4135	2.4472	2.4761	2.5098	2.5387	2.5724	2.6013
Camarilla	2.4877	2.4934	2.4992	2.5049	2.5106	2.5164	2.5221
Woodie	2.4110	2.4460	2.4736	2.5086	2.5362	2.5712	2.5988
Fibonacci	2.4472	2.4712	2.4859	2.5098	2.5338	2.5485	2.5724

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):	36.83
MACD (12,26,9):	-0.0139
Directional Movement:	-4.5442
AROON (14):	35.7143
DEMA (21):	2.4912
Parabolic SAR (0,02-0,02-0,2):	2.5293
Elder Ray (13):	-0.0129
Super Trend (3,10):	2.5451
Zig ZAG (10):	2.4914
VORTEX (21):	0.9911
Stochastique (14,3,5):	20.74
TEMA (21):	2.4969
Williams %R (14):	-90.76
Chande Momentum Oscillator (20):	-0.0132
Repulse (5,40,3):	-0.5816
ROCnROLL:	2
TRIX (15,9):	-0.0857
Courbe Coppock:	0.31

MA7:	2.5009
MA20:	2.5071
MA50:	2.5511
MA100:	2.5998
MAexp7:	2.4998
MAexp20:	2.5115
MAexp50:	2.5466
MAexp100:	2.5912
Price / MA7:	-0.38%
Price / MA20:	-0.63%
Price / MA50:	-2.34%
Price / MA100:	-4.17%
Price / MAexp7:	-0.34%
Price / MAexp20:	-0.80%
Price / MAexp50:	-2.17%
Price / MAexp100:	-3.86%

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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