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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 08/16/2024 (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: Bearish
Underlying: Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 2.7755 MXN
My targets
2.7396 MXN (-0.0030)
2.6846 MXN (-0.0580)
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 2.7755 MXN. The next bearish objective for sellers is set at 2.7396 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.6846 MXN. If there is any crossing, the next objective would be the support located at 2.5520 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5

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 2.7426 MXN. On the day, this instrument lost -0.01% with the lowest point at 2.7410 MXN and the highest point at 2.7603 MXN. The deviation from the price is +0.06% for the low point and -0.64% for the high point.

2.7410
2.7603
2.7426

Here is a more detailed summary of the historical variations registered by DKK/MXN:

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 showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.5520 2.6846 2.7396 2.7426 2.8048 2.8266 2.8682
Change (%) -6.95% -2.11% -0.11% - +2.27% +3.06% +4.58%
Change -0.1906 -0.0580 -0.0030 - +0.0622 +0.0840 +0.1256
Level Major Major Intermediate - Intermediate Major Major



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
Standard2.68682.71302.72792.75412.76902.79522.8101
Camarilla2.73152.73532.73902.74282.74662.75032.7541
Woodie2.68122.71022.72232.75132.76342.79242.8045
Fibonacci2.71302.72872.73842.75412.76982.77952.7952


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.46312.60472.67912.82072.89513.03673.1111
Camarilla2.69412.71392.73372.75352.77332.79312.8129
Woodie2.42952.58792.64552.80392.86153.01993.0775
Fibonacci2.60472.68722.73822.82072.90322.95423.0367


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.42732.49852.60142.67262.77552.84672.9496
Camarilla2.65642.67242.68832.70432.72032.73622.7522
Woodie2.44322.50642.61732.68052.79142.85462.9655
Fibonacci2.49852.56502.60612.67262.73912.78022.8467

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 43.76
MACD (12,26,9): -0.0027
Directional Movement: -2.3785
AROON (14): 35.7142
DEMA (21): 2.7440
Parabolic SAR (0,02-0,02-0,2): 2.7642
Elder Ray (13): 0.0034
Super Trend (3,10): 2.7411
Zig ZAG (10): 2.7463
VORTEX (21): 1.0078
Stochastique (14,3,5): 63.82
TEMA (21): 2.7480
Williams %R (14): -75.13
Chande Momentum Oscillator (20): 0.0034
Repulse (5,40,3): -0.3259
ROCnROLL: 2
TRIX (15,9): -0.0273
Courbe Coppock: 0.44
MA7: 2.7676
MA20: 2.7425
MA50: 2.6734
MA100: 2.5584
MAexp7: 2.7493
MAexp20: 2.7490
MAexp50: 2.7585
MAexp100: 2.7688
Price / MA7: -0.90%
Price / MA20: +0.00%
Price / MA50: +2.59%
Price / MA100: +7.20%
Price / MAexp7: -0.24%
Price / MAexp20: -0.23%
Price / MAexp50: -0.57%
Price / MAexp100: -0.94%

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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