DKK/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	DKKMXN
ISIN:

DKK/MXN - 1H - Technical analysis published on 05/02/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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

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

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

The Central Indicators scanner found this result concerning these indicators:

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

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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