DKK/MXN

- MXN (-)

- Real time data - Forex

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Type:	Forex
Ticker:	DKKMXN
ISIN:

DKK/MXN - 1H - Technical analysis published on 05/07/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

My opinion

Bearish under 2.4495 MXN

My targets

2.4275 MXN (-0.0088)

2.4213 MXN (-0.0150)

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 2.4495 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 2.4213 MXN. In case of crossing, the next objective would be the support located at 2.4077 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

5.7

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 rating is 2.4363 MXN. The price registered a decrease of -0.06% on the session and was traded between 2.4314 MXN and 2.4444 MXN over the period. The price is currently at +0.20% from its lowest and -0.33% from its highest.

2.4314

2.4444

2.4363

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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 strongly bearish. 89.29% 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 scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

On the 18 technical indicators analysed, 6 are bullish, 6 are neutral and 6 are bearish. 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

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

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 triangle

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.4077	2.4213	2.4275	2.4363	2.4378	2.4573	2.4784
Change (%)	-1.17%	-0.62%	-0.36%	-	+0.06%	+0.86%	+1.73%
Change	-0.0286	-0.0150	-0.0088	-	+0.0015	+0.0210	+0.0421
Level	Minor	Intermediate	Major	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4056	2.4196	2.4287	2.4427	2.4518	2.4658	2.4749
Camarilla	2.4314	2.4335	2.4356	2.4377	2.4398	2.4419	2.4441
Woodie	2.4031	2.4184	2.4262	2.4415	2.4493	2.4646	2.4724
Fibonacci	2.4196	2.4285	2.4339	2.4427	2.4516	2.4570	2.4658

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3632	2.3923	2.4204	2.4495	2.4776	2.5067	2.5348
Camarilla	2.4329	2.4381	2.4434	2.4486	2.4538	2.4591	2.4643
Woodie	2.3628	2.3921	2.4200	2.4493	2.4772	2.5065	2.5344
Fibonacci	2.3923	2.4141	2.4276	2.4495	2.4713	2.4848	2.5067

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	45.37
MACD (12,26,9):	-0.0003
Directional Movement:	-1.9506
AROON (14):	50.0000
DEMA (21):	2.4374
Parabolic SAR (0,02-0,02-0,2):	2.4358
Elder Ray (13):	0.0001
Super Trend (3,10):	2.4426
Zig ZAG (10):	2.4364
VORTEX (21):	0.9868
Stochastique (14,3,5):	63.59
TEMA (21):	2.4386
Williams %R (14):	-60.00
Chande Momentum Oscillator (20):	0.0008
Repulse (5,40,3):	-0.0850
ROCnROLL:	2
TRIX (15,9):	-0.0066
Courbe Coppock:	0.23

MA7:	2.4428
MA20:	2.4293
MA50:	2.4327
MA100:	2.4620
MAexp7:	2.4388
MAexp20:	2.4383
MAexp50:	2.4399
MAexp100:	2.4417
Price / MA7:	-0.27%
Price / MA20:	+0.29%
Price / MA50:	+0.15%
Price / MA100:	-1.04%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.15%
Price / MAexp100:	-0.22%

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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Londinia AI

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