DKK/MXN - 1H - Technical analysis published on 02/20/2024 (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:
Slightly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 2.4576 MXN
My targets
2.4699 MXN (+0.0056)
2.4745 MXN (+0.0102)
My analysis
The basic trend is currently slightly bullish on DKK/MXN and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 2.4576 MXN, purchases could be favourable. The first bullish objective would be the resistance located at 2.4699 MXN. Then the price could move towards 2.4745 MXN. Then 2.4771 MXN by extension. A return under the support to 2.4576 MXN could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1
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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 rating is 2.4643 MXN. The price registered an increase of +0.00% on the session with the lowest point at 2.4621 MXN and the highest point at 2.4648 MXN. The deviation from the price is +0.09% for the low point and -0.02% for the high point.2.4621
2.4648
2.4643
A study of price movements over other periods shows the following variations:
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of DKK/MXN indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 2.4544 | 2.4576 | 2.4621 | 2.4643 | 2.4654 | 2.4699 | 2.4745 |
| Change (%) | -0.40% | -0.27% | -0.09% | - | +0.04% | +0.23% | +0.41% |
| Change | -0.0099 | -0.0067 | -0.0022 | - | +0.0011 | +0.0056 | +0.0102 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4542 | 2.4579 | 2.4611 | 2.4648 | 2.4680 | 2.4717 | 2.4749 |
| Camarilla | 2.4625 | 2.4631 | 2.4638 | 2.4644 | 2.4650 | 2.4657 | 2.4663 |
| Woodie | 2.4541 | 2.4578 | 2.4610 | 2.4647 | 2.4679 | 2.4716 | 2.4748 |
| Fibonacci | 2.4579 | 2.4605 | 2.4621 | 2.4648 | 2.4674 | 2.4690 | 2.4717 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4326 | 2.4435 | 2.4553 | 2.4662 | 2.4780 | 2.4889 | 2.5007 |
| Camarilla | 2.4609 | 2.4629 | 2.4650 | 2.4671 | 2.4692 | 2.4713 | 2.4733 |
| Woodie | 2.4331 | 2.4437 | 2.4558 | 2.4664 | 2.4785 | 2.4891 | 2.5012 |
| Fibonacci | 2.4435 | 2.4522 | 2.4575 | 2.4662 | 2.4749 | 2.4802 | 2.4889 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3991 | 2.4333 | 2.4644 | 2.4986 | 2.5297 | 2.5639 | 2.5950 |
| Camarilla | 2.4776 | 2.4836 | 2.4896 | 2.4956 | 2.5016 | 2.5076 | 2.5136 |
| Woodie | 2.3977 | 2.4325 | 2.4630 | 2.4978 | 2.5283 | 2.5631 | 2.5936 |
| Fibonacci | 2.4333 | 2.4582 | 2.4736 | 2.4986 | 2.5235 | 2.5389 | 2.5639 |
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): | 52.74 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -0.4220 | |
| AROON (14): | -28.5715 | |
| DEMA (21): | 2.4639 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.4652 | |
| Elder Ray (13): | 0.0004 | |
| Super Trend (3,10): | 2.4596 | |
| Zig ZAG (10): | 2.4644 | |
| VORTEX (21): | 1.0153 | |
| Stochastique (14,3,5): | 59.27 | |
| TEMA (21): | 2.4637 | |
| Williams %R (14): | -32.35 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | 0.0032 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.01 |
| MA7: | 2.4654 | |
| MA20: | 2.4791 | |
| MA50: | 2.4945 | |
| MA100: | 2.5166 | |
| MAexp7: | 2.4639 | |
| MAexp20: | 2.4640 | |
| MAexp50: | 2.4640 | |
| MAexp100: | 2.4642 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -1.21% | |
| Price / MA100: | -2.08% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.00% |
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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