DKK/MXN - 1H - Technical analysis published on 10/12/2023 (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:
Neutral
Underlying:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 2.5543 MXN
My targets
2.5320 MXN (-0.0089)
2.5149 MXN (-0.0260)
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 2.5543 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 2.5543 MXN. The next bearish objective for sellers is set at 2.5320 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.5149 MXN. In case of crossing, the next objective would be the support located at 2.4939 MXN. PS: if there is a bullish break in the resistance located at 2.5543 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, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/MXN price is 2.5409 MXN. The price is lower by -0.03% since the last closing and was between 2.5216 MXN and 2.5543 MXN. This implies that the price is at +0.77% from its lowest and at -0.52% from its highest.2.5216
2.5543
2.5409
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 (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 bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.4939 | 2.5149 | 2.5400 | 2.5409 | 2.5543 | 2.5737 | 2.5981 |
| Change (%) | -1.85% | -1.02% | -0.04% | - | +0.53% | +1.29% | +2.25% |
| Change | -0.0470 | -0.0260 | -0.0009 | - | +0.0134 | +0.0328 | +0.0572 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2.5116 | 2.5228 | 2.5322 | 2.5434 | 2.5528 | 2.5640 | 2.5734 |
| Camarilla | 2.5360 | 2.5379 | 2.5398 | 2.5417 | 2.5436 | 2.5455 | 2.5474 |
| Woodie | 2.5108 | 2.5224 | 2.5314 | 2.5430 | 2.5520 | 2.5636 | 2.5726 |
| Fibonacci | 2.5228 | 2.5306 | 2.5355 | 2.5434 | 2.5512 | 2.5561 | 2.5640 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3485 | 2.4059 | 2.4900 | 2.5474 | 2.6315 | 2.6889 | 2.7730 |
| Camarilla | 2.5352 | 2.5482 | 2.5611 | 2.5741 | 2.5871 | 2.6000 | 2.6130 |
| Woodie | 2.3619 | 2.4126 | 2.5034 | 2.5541 | 2.6449 | 2.6956 | 2.7864 |
| Fibonacci | 2.4059 | 2.4600 | 2.4934 | 2.5474 | 2.6015 | 2.6349 | 2.6889 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3098 | 2.3721 | 2.4209 | 2.4832 | 2.5320 | 2.5943 | 2.6431 |
| Camarilla | 2.4392 | 2.4493 | 2.4595 | 2.4697 | 2.4799 | 2.4901 | 2.5003 |
| Woodie | 2.3031 | 2.3687 | 2.4142 | 2.4798 | 2.5253 | 2.5909 | 2.6364 |
| Fibonacci | 2.3721 | 2.4145 | 2.4408 | 2.4832 | 2.5256 | 2.5519 | 2.5943 |
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): | 49.30 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 7.3279 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 2.5374 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.5295 | |
| Elder Ray (13): | 0.0015 | |
| Super Trend (3,10): | 2.5220 | |
| Zig ZAG (10): | 2.5389 | |
| VORTEX (21): | 0.9916 | |
| Stochastique (14,3,5): | 62.28 | |
| TEMA (21): | 2.5405 | |
| Williams %R (14): | -46.79 | |
| Chande Momentum Oscillator (20): | 0.0049 | |
| Repulse (5,40,3): | -0.1540 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0102 | |
| Courbe Coppock: | 0.12 |
| MA7: | 2.5586 | |
| MA20: | 2.5018 | |
| MA50: | 2.4926 | |
| MA100: | 2.5025 | |
| MAexp7: | 2.5399 | |
| MAexp20: | 2.5390 | |
| MAexp50: | 2.5447 | |
| MAexp100: | 2.5498 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | +1.56% | |
| Price / MA50: | +1.94% | |
| Price / MA100: | +1.53% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.15% | |
| Price / MAexp100: | -0.35% |
Quotes :
-
Real time data
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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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