DKK/MXN - 1H - Technical analysis published on 09/08/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 2.5042 MXN
My targets
2.5255 MXN (+0.0027)
2.5478 MXN (+0.0250)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on DKK/MXN as long as the price remains well above 2.5042 MXN. The buyers' bullish objective is set at 2.5255 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.5478 MXN. If there is any crossing, the next objective would be the resistance located at 2.6452 MXN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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
DKK/MXN rating 2.5228 MXN. The price registered an increase of +0.00% on the session with the lowest point at 2.5021 MXN and the highest point at 2.5258 MXN. The deviation from the price is +0.83% for the low point and -0.12% for the high point.2.5021
2.5258
2.5228
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/MXN indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. 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
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 2.4615 | 2.4945 | 2.5042 | 2.5228 | 2.5255 | 2.5478 | 2.6452 |
| Change (%) | -2.43% | -1.12% | -0.74% | - | +0.11% | +0.99% | +4.85% |
| Change | -0.0613 | -0.0283 | -0.0186 | - | +0.0027 | +0.0250 | +0.1224 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Major | Minor |
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 | 2.4534 | 2.4764 | 2.4996 | 2.5226 | 2.5458 | 2.5688 | 2.5920 |
| Camarilla | 2.5102 | 2.5144 | 2.5187 | 2.5229 | 2.5271 | 2.5314 | 2.5356 |
| Woodie | 2.4536 | 2.4765 | 2.4998 | 2.5227 | 2.5460 | 2.5689 | 2.5922 |
| Fibonacci | 2.4764 | 2.4940 | 2.5049 | 2.5226 | 2.5402 | 2.5511 | 2.5688 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3480 | 2.3844 | 2.4315 | 2.4679 | 2.5150 | 2.5514 | 2.5985 |
| Camarilla | 2.4557 | 2.4634 | 2.4711 | 2.4787 | 2.4864 | 2.4940 | 2.5017 |
| Woodie | 2.3535 | 2.3871 | 2.4370 | 2.4706 | 2.5205 | 2.5541 | 2.6040 |
| Fibonacci | 2.3844 | 2.4163 | 2.4360 | 2.4679 | 2.4998 | 2.5195 | 2.5514 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.2707 | 2.3457 | 2.4094 | 2.4844 | 2.5481 | 2.6231 | 2.6868 |
| Camarilla | 2.4350 | 2.4477 | 2.4604 | 2.4731 | 2.4858 | 2.4985 | 2.5112 |
| Woodie | 2.2651 | 2.3429 | 2.4038 | 2.4816 | 2.5425 | 2.6203 | 2.6812 |
| Fibonacci | 2.3457 | 2.3987 | 2.4314 | 2.4844 | 2.5374 | 2.5701 | 2.6231 |
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): | 55.08 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | 0.6550 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 2.5115 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5224 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 2.5247 | |
| Zig ZAG (10): | 2.5201 | |
| VORTEX (21): | 0.9295 | |
| Stochastique (14,3,5): | 48.71 | |
| TEMA (21): | 2.5096 | |
| Williams %R (14): | -21.79 | |
| Chande Momentum Oscillator (20): | -0.0038 | |
| Repulse (5,40,3): | 0.5806 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0163 | |
| Courbe Coppock: | 0.98 |
| MA7: | 2.5021 | |
| MA20: | 2.4808 | |
| MA50: | 2.4989 | |
| MA100: | 2.5303 | |
| MAexp7: | 2.5127 | |
| MAexp20: | 2.5151 | |
| MAexp50: | 2.5161 | |
| MAexp100: | 2.5079 | |
| Price / MA7: | +0.83% | |
| Price / MA20: | +1.69% | |
| Price / MA50: | +0.96% | |
| Price / MA100: | -0.30% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.31% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.59% |
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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