DKK/MXN

- MXN (-)

- Real time data - Forex

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Change:	-
Volume:	-

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High / Low range:	-

Type:	Forex
Ticker:	DKKMXN
ISIN:

DKK/MXN - 1H - Technical analysis published on 09/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 2.9678 MXN

My targets

2.9959 MXN (+0.0082)

3.0214 MXN (+0.0337)

My analysis

DKK/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.9678 MXN. The next resistance located at 2.9959 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.0214 MXN. After this resistance, buyers could then target 3.1404 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 2.9877 MXN. On the day, this instrument gained +0.80% and was traded between 2.9590 MXN and 2.9908 MXN over the period. The price is currently at +0.97% from its lowest and -0.10% from its highest.

2.9590

2.9908

2.9877

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

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

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

Technical analysis of this 1H chart of DKK/MXN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.9236	2.9456	2.9678	2.9877	2.9959	3.1404	3.3329
Change (%)	-2.15%	-1.41%	-0.67%	-	+0.27%	+5.11%	+11.55%
Change	-0.0641	-0.0421	-0.0199	-	+0.0082	+0.1527	+0.3452
Level	Major	Minor	Intermediate	-	Intermediate	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.8950	2.9094	2.9367	2.9511	2.9784	2.9928	3.0201
Camarilla	2.9524	2.9563	2.9601	2.9639	2.9677	2.9716	2.9754
Woodie	2.9014	2.9126	2.9431	2.9543	2.9848	2.9960	3.0265
Fibonacci	2.9094	2.9254	2.9352	2.9511	2.9671	2.9769	2.9928

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7664	2.8156	2.8693	2.9185	2.9722	3.0214	3.0751
Camarilla	2.8946	2.9040	2.9135	2.9229	2.9323	2.9418	2.9512
Woodie	2.7686	2.8167	2.8715	2.9196	2.9744	3.0225	3.0773
Fibonacci	2.8156	2.8549	2.8792	2.9185	2.9578	2.9821	3.0214

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4379	2.5528	2.7379	2.8528	3.0379	3.1528	3.3379
Camarilla	2.8404	2.8679	2.8954	2.9229	2.9504	2.9779	3.0054
Woodie	2.4729	2.5704	2.7729	2.8704	3.0729	3.1704	3.3729
Fibonacci	2.5528	2.6674	2.7382	2.8528	2.9674	3.0382	3.1528

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):	72.75
MACD (12,26,9):	0.0087
Directional Movement:	18.3510
AROON (14):	64.2857
DEMA (21):	2.9762
Parabolic SAR (0,02-0,02-0,2):	2.9690
Elder Ray (13):	0.0076
Super Trend (3,10):	2.9589
Zig ZAG (10):	2.9770
VORTEX (21):	1.3950
Stochastique (14,3,5):	79.35
TEMA (21):	2.9796
Williams %R (14):	-25.63
Chande Momentum Oscillator (20):	0.0129
Repulse (5,40,3):	0.0848
ROCnROLL:	1
TRIX (15,9):	0.0392
Courbe Coppock:	1.09

MA7:	2.9464
MA20:	2.8689
MA50:	2.7480
MA100:	2.6307
MAexp7:	2.9741
MAexp20:	2.9650
MAexp50:	2.9529
MAexp100:	2.9434
Price / MA7:	+1.40%
Price / MA20:	+4.14%
Price / MA50:	+8.72%
Price / MA100:	+13.57%
Price / MAexp7:	+0.46%
Price / MAexp20:	+0.77%
Price / MAexp50:	+1.18%
Price / MAexp100:	+1.51%

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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Londinia AI

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