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DKK/MXN
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 06/10/2024 (GMT)

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

Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 2.6307 MXN
My targets
2.6841 MXN (+0.0209)
2.7368 MXN (+0.0736)
My analysis
The basic bullish trend is very strong on DKK/MXN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 2.6307 MXN. Crossing the first resistance at 2.6841 MXN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 2.7368 MXN as an objective. Crossing it would then enable buyers to target 2.8296 MXN. Caution, a return to below 2.6307 MXN would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

DKK/MXN rating 2.6632 MXN. On the day, this instrument lost -0.02% with the lowest point at 2.6297 MXN and the highest point at 2.6881 MXN. The deviation from the price is +1.27% for the low point and -0.93% for the high point.

2.6297
2.6881
2.6632

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this DKK/MXN chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

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:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.5442 2.5993 2.6307 2.6632 2.6651 2.6841 2.8296
Change (%) -4.47% -2.40% -1.22% - +0.07% +0.78% +6.25%
Change -0.1190 -0.0639 -0.0325 - +0.0019 +0.0209 +0.1664
Level Minor Intermediate Minor - Intermediate Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.52872.55952.61152.64232.69432.72512.7771
Camarilla2.64082.64842.65602.66362.67122.67882.6864
Woodie2.53942.56482.62222.64762.70502.73042.7878
Fibonacci2.55952.59112.61062.64232.67392.69342.7251


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.31662.38972.52672.59982.73682.80992.9469
Camarilla2.60582.62512.64432.66362.68292.70212.7214
Woodie2.34852.40572.55862.61582.76872.82592.9788
Fibonacci2.38972.47002.51962.59982.68012.72972.8099


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.34942.37802.42622.45482.50302.53162.5798
Camarilla2.45322.46022.46732.47432.48132.48842.4954
Woodie2.35912.38292.43592.45972.51272.53652.5895
Fibonacci2.37802.40742.42552.45482.48422.50232.5316

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): 58.27
MACD (12,26,9): 0.0085
Directional Movement: 12.2423
AROON (14): 50.0000
DEMA (21): 2.6630
Parabolic SAR (0,02-0,02-0,2): 2.6313
Elder Ray (13): 0.0186
Super Trend (3,10): 2.6248
Zig ZAG (10): 2.6593
VORTEX (21): 1.0362
Stochastique (14,3,5): 79.18
TEMA (21): 2.6606
Williams %R (14): -47.89
Chande Momentum Oscillator (20): 0.0014
Repulse (5,40,3): -0.0431
ROCnROLL: 1
TRIX (15,9): 0.0516
Courbe Coppock: 0.29
MA7: 2.5932
MA20: 2.4887
MA50: 2.4487
MA100: 2.4565
MAexp7: 2.6589
MAexp20: 2.6506
MAexp50: 2.6303
MAexp100: 2.6025
Price / MA7: +2.70%
Price / MA20: +7.01%
Price / MA50: +8.76%
Price / MA100: +8.41%
Price / MAexp7: +0.16%
Price / MAexp20: +0.48%
Price / MAexp50: +1.25%
Price / MAexp100: +2.33%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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