DKK/MXN - 1H - Technical analysis published on 05/02/2024 (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:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 2.4547 MXN
My targets
2.4275 MXN (-0.0080)
2.4077 MXN (-0.0278)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/MXN as long as the price remains well below 2.4547 MXN. The sellers' bearish objective is set at 2.4275 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.4077 MXN. In case of crossing, the next objective would be the support located at 2.3642 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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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 2.4355 MXN. The price registered a decrease of -0.01% on the session with the lowest point at 2.4338 MXN and the highest point at 2.4393 MXN. The deviation from the price is +0.07% for the low point and -0.16% for the high point.2.4338
2.4393
2.4355
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this DKK/MXN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 5 are bullish, 4 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
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 | 2.3642 | 2.4077 | 2.4275 | 2.4355 | 2.4379 | 2.4573 | 2.4784 |
| Change (%) | -2.93% | -1.14% | -0.33% | - | +0.10% | +0.90% | +1.76% |
| Change | -0.0713 | -0.0278 | -0.0080 | - | +0.0024 | +0.0218 | +0.0429 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 2.4077 | 2.4203 | 2.4280 | 2.4406 | 2.4483 | 2.4609 | 2.4686 |
| Camarilla | 2.4301 | 2.4320 | 2.4338 | 2.4357 | 2.4376 | 2.4394 | 2.4413 |
| Woodie | 2.4053 | 2.4191 | 2.4256 | 2.4394 | 2.4459 | 2.4597 | 2.4662 |
| Fibonacci | 2.4203 | 2.4281 | 2.4329 | 2.4406 | 2.4484 | 2.4532 | 2.4609 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.3587 | 2.3913 | 2.4260 | 2.4586 | 2.4933 | 2.5259 | 2.5606 |
| Camarilla | 2.4422 | 2.4484 | 2.4545 | 2.4607 | 2.4669 | 2.4730 | 2.4792 |
| Woodie | 2.3598 | 2.3918 | 2.4271 | 2.4591 | 2.4944 | 2.5264 | 2.5617 |
| Fibonacci | 2.3913 | 2.4170 | 2.4329 | 2.4586 | 2.4843 | 2.5002 | 2.5259 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.1435 | 2.2478 | 2.3504 | 2.4547 | 2.5573 | 2.6616 | 2.7642 |
| Camarilla | 2.3960 | 2.4150 | 2.4339 | 2.4529 | 2.4719 | 2.4908 | 2.5098 |
| Woodie | 2.1426 | 2.2474 | 2.3495 | 2.4543 | 2.5564 | 2.6612 | 2.7633 |
| Fibonacci | 2.2478 | 2.3269 | 2.3757 | 2.4547 | 2.5338 | 2.5826 | 2.6616 |
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): | 38.86 | |
| MACD (12,26,9): | -0.0031 | |
| Directional Movement: | -7.3130 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 2.4354 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.4433 | |
| Elder Ray (13): | -0.0026 | |
| Super Trend (3,10): | 2.4480 | |
| Zig ZAG (10): | 2.4356 | |
| VORTEX (21): | 0.8789 | |
| Stochastique (14,3,5): | 14.68 | |
| TEMA (21): | 2.4341 | |
| Williams %R (14): | -79.13 | |
| Chande Momentum Oscillator (20): | -0.0032 | |
| Repulse (5,40,3): | -0.0150 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0168 | |
| Courbe Coppock: | 0.59 |
| MA7: | 2.4508 | |
| MA20: | 2.4204 | |
| MA50: | 2.4352 | |
| MA100: | 2.4644 | |
| MAexp7: | 2.4362 | |
| MAexp20: | 2.4393 | |
| MAexp50: | 2.4441 | |
| MAexp100: | 2.4479 | |
| Price / MA7: | -0.62% | |
| Price / MA20: | +0.62% | |
| Price / MA50: | +0.01% | |
| Price / MA100: | -1.17% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.16% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.51% |
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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