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 09/14/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 2.4788 MXN

My targets

2.4275 MXN (-0.0395)

2.3461 MXN (-0.1209)

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 2.4788 MXN. The next support located at 2.4275 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 2.3461 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

6.8

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

DKK/MXN rating 2.4670 MXN. The price registered an increase of +0.00% on the session with the lowest point at 2.4657 MXN and the highest point at 2.4673 MXN. The deviation from the price is +0.05% for the low point and -0.01% for the high point.

2.4657

2.4673

2.4670

Here is a more detailed summary of the historical variations registered by DKK/MXN:

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 this Daily chart of DKK/MXN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by 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.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.1005	2.3461	2.4275	2.4670	2.4788	2.5478	2.6452
Change (%)	-14.86%	-4.90%	-1.60%	-	+0.48%	+3.28%	+7.22%
Change	-0.3665	-0.1209	-0.0395	-	+0.0118	+0.0808	+0.1782
Level	Intermediate	Minor	Intermediate	-	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	2.4280	2.4438	2.4555	2.4713	2.4830	2.4988	2.5105
Camarilla	2.4595	2.4621	2.4646	2.4671	2.4696	2.4721	2.4747
Woodie	2.4259	2.4428	2.4534	2.4703	2.4809	2.4978	2.5084
Fibonacci	2.4438	2.4543	2.4608	2.4713	2.4818	2.4883	2.4988

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3879	2.4237	2.4738	2.5096	2.5597	2.5955	2.6456
Camarilla	2.5002	2.5081	2.5159	2.5238	2.5317	2.5396	2.5474
Woodie	2.3950	2.4273	2.4809	2.5132	2.5668	2.5991	2.6527
Fibonacci	2.4237	2.4566	2.4768	2.5096	2.5425	2.5627	2.5955

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):	43.19
MACD (12,26,9):	-0.0020
Directional Movement:	2.2874
AROON (14):	57.1428
DEMA (21):	2.4823
Parabolic SAR (0,02-0,02-0,2):	2.5438
Elder Ray (13):	-0.0188
Super Trend (3,10):	2.4210
Zig ZAG (10):	2.4666
VORTEX (21):	0.9530
Stochastique (14,3,5):	41.51
TEMA (21):	2.4865
Williams %R (14):	-63.14
Chande Momentum Oscillator (20):	0.0165
Repulse (5,40,3):	-0.8692
ROCnROLL:	2
TRIX (15,9):	-0.0158
Courbe Coppock:	2.84

MA7:	2.4979
MA20:	2.4764
MA50:	2.4974
MA100:	2.5226
MAexp7:	2.4839
MAexp20:	2.4859
MAexp50:	2.4975
MAexp100:	2.5275
Price / MA7:	-1.24%
Price / MA20:	-0.38%
Price / MA50:	-1.22%
Price / MA100:	-2.20%
Price / MAexp7:	-0.68%
Price / MAexp20:	-0.76%
Price / MAexp50:	-1.22%
Price / MAexp100:	-2.39%

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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