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Londinia Opportunities Analyses - 12/20/2024 (GMT) DKK/MXN - 1H

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DKK MXN
- MXN (-)
- Real time data - Forex
Type: Forex
Ticker: DKKMXN
ISIN:

Londinia
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 2.8266 MXN
My targets
2.8186 MXN (-0.0044)
2.7795 MXN (-0.0435)
My analysis
DKK/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2.8266 MXN. The next support located at 2.8186 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2.7795 MXN. Below this support, sellers could then target 2.6846 MXN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.2

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Additional analysis

Quotes

The DKK/MXN price is 2.8230 MXN. On the day, this instrument lost -0.17% and was between 2.8218 MXN and 2.8302 MXN. This implies that the price is at +0.04% from its lowest and at -0.25% from its highest.

2.8218
2.8302
2.8230

Here is a more detailed summary of the historical variations registered by DKK/MXN:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this DKK/MXN chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.5476 2.6846 2.8186 2.8230 2.8266 2.8427 2.8540
Change (%) -9.76% -4.90% -0.16% - +0.13% +0.70% +1.10%
Change -0.2754 -0.1384 -0.0044 - +0.0036 +0.0197 +0.0310
Level Major Major Minor - Major Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.77782.79822.81302.83342.84822.86862.8834
Camarilla2.81812.82142.82462.82782.83102.83432.8375
Woodie2.77502.79682.81022.83202.84542.86722.8806
Fibonacci2.79822.81172.82002.83342.84692.85522.8686


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.77952.80372.81912.84332.85872.88292.8983
Camarilla2.82362.82722.83092.83452.83812.84182.8454
Woodie2.77512.80152.81472.84112.85432.88072.8939
Fibonacci2.80372.81882.82822.84332.85842.86782.8829


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.66562.75352.82172.90962.97783.06573.1339
Camarilla2.84692.86122.87552.88982.90412.91842.9327
Woodie2.65572.74862.81182.90472.96793.06083.1240
Fibonacci2.75352.81322.85002.90962.96933.00613.0657

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): 40.89
MACD (12,26,9): -0.0033
Directional Movement: -4.1651
AROON (14): -35.7142
DEMA (21): 2.8258
Parabolic SAR (0,02-0,02-0,2): 2.8387
Elder Ray (13): -0.0048
Super Trend (3,10): 2.8425
Zig ZAG (10): 2.8222
VORTEX (21): 0.9261
Stochastique (14,3,5): 16.38
TEMA (21): 2.8235
Williams %R (14): -88.92
Chande Momentum Oscillator (20): -0.0123
Repulse (5,40,3): -0.0709
ROCnROLL: 2
TRIX (15,9): -0.0117
Courbe Coppock: 1.05
MA7: 2.8329
MA20: 2.8601
MA50: 2.8804
MA100: 2.8785
MAexp7: 2.8258
MAexp20: 2.8298
MAexp50: 2.8332
MAexp100: 2.8358
Price / MA7: -0.35%
Price / MA20: -1.30%
Price / MA50: -1.99%
Price / MA100: -1.93%
Price / MAexp7: -0.10%
Price / MAexp20: -0.24%
Price / MAexp50: -0.36%
Price / MAexp100: -0.45%

Quotes : - Real time data - Forex