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 12/31/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 2.8851 MXN

My targets

2.9128 MXN (+0.0185)

2.9778 MXN (+0.0835)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/MXN as long as the price remains well above 2.8851 MXN. The buyers' bullish objective is set at 2.9128 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.9778 MXN. If there is any crossing, the next objective would be the resistance located at 2.9959 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.4

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 2.8943 MXN. The price registered an increase of +0.47% on the session and was traded between 2.8788 MXN and 2.8974 MXN over the period. The price is currently at +0.54% from its lowest and -0.11% from its highest.

2.8788

2.8974

2.8943

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this DKK/MXN chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

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	2.8266	2.8538	2.8851	2.8943	2.9959	3.1404	3.3329
Change (%)	-2.34%	-1.40%	-0.32%	-	+3.51%	+8.50%	+15.15%
Change	-0.0677	-0.0405	-0.0092	-	+0.1016	+0.2461	+0.4386
Level	Major	Minor	Intermediate	-	Major	Major	Intermediate

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	2.8036	2.8207	2.8508	2.8679	2.8980	2.9151	2.9452
Camarilla	2.8678	2.8722	2.8765	2.8808	2.8851	2.8895	2.8938
Woodie	2.8100	2.8240	2.8572	2.8712	2.9044	2.9184	2.9516
Fibonacci	2.8207	2.8388	2.8499	2.8679	2.8860	2.8971	2.9151

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.7601	2.7804	2.8110	2.8313	2.8619	2.8822	2.9128
Camarilla	2.8276	2.8323	2.8369	2.8416	2.8463	2.8509	2.8556
Woodie	2.7653	2.7830	2.8162	2.8339	2.8671	2.8848	2.9180
Fibonacci	2.7804	2.7998	2.8119	2.8313	2.8507	2.8628	2.8822

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.6656	2.7535	2.8217	2.9096	2.9778	3.0657	3.1339
Camarilla	2.8469	2.8612	2.8755	2.8898	2.9041	2.9184	2.9327
Woodie	2.6557	2.7486	2.8118	2.9047	2.9679	3.0608	3.1240
Fibonacci	2.7535	2.8132	2.8500	2.9096	2.9693	3.0061	3.0657

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):	81.91
MACD (12,26,9):	0.0106
Directional Movement:	25.2538
AROON (14):	78.5714
DEMA (21):	2.8942
Parabolic SAR (0,02-0,02-0,2):	2.8853
Elder Ray (13):	0.0080
Super Trend (3,10):	2.8784
Zig ZAG (10):	2.8960
VORTEX (21):	1.3900
Stochastique (14,3,5):	88.92
TEMA (21):	2.8963
Williams %R (14):	-9.27
Chande Momentum Oscillator (20):	0.0156
Repulse (5,40,3):	0.2798
ROCnROLL:	1
TRIX (15,9):	0.0536
Courbe Coppock:	1.23

MA7:	2.8394
MA20:	2.8444
MA50:	2.8758
MA100:	2.8809
MAexp7:	2.8901
MAexp20:	2.8802
MAexp50:	2.8622
MAexp100:	2.8468
Price / MA7:	+1.93%
Price / MA20:	+1.75%
Price / MA50:	+0.64%
Price / MA100:	+0.47%
Price / MAexp7:	+0.15%
Price / MAexp20:	+0.49%
Price / MAexp50:	+1.12%
Price / MAexp100:	+1.67%

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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