DKK/MXN - 1H - Technical analysis published on 07/26/2021 (GMT)
- 160
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 3.1740 MXN
My targets
3.1862 MXN (+0.0043)
3.1951 MXN (+0.0132)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade DKK/MXN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.1740 MXN. The buyers' bullish objective is set at 3.1862 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.1951 MXN. If there is any crossing, the next objective would be the resistance located at 3.2093 MXN. If there is a bearish break in the support located at 3.1740 MXN some indecision would arise.
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
4.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DKK/MXN price is 3.1819 MXN. The price has increased by +0.20% since the last closing and was between 3.1729 MXN and 3.1839 MXN. This implies that the price is at +0.28% from its lowest and at -0.06% from its highest.3.1729
3.1839
3.1819
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DKK/MXN in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.1686 | 3.1740 | 3.1790 | 3.1819 | 3.1862 | 3.1951 | 3.2093 |
| Change (%) | -0.42% | -0.25% | -0.09% | - | +0.14% | +0.41% | +0.86% |
| Change | -0.0133 | -0.0079 | -0.0029 | - | +0.0043 | +0.0132 | +0.0274 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 3.1360 | 3.1481 | 3.1619 | 3.1740 | 3.1878 | 3.1999 | 3.2137 |
| Camarilla | 3.1685 | 3.1709 | 3.1732 | 3.1756 | 3.1780 | 3.1804 | 3.1827 |
| Woodie | 3.1368 | 3.1485 | 3.1627 | 3.1744 | 3.1886 | 3.2003 | 3.2145 |
| Fibonacci | 3.1481 | 3.1580 | 3.1641 | 3.1740 | 3.1839 | 3.1900 | 3.1999 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0985 | 3.1277 | 3.1516 | 3.1808 | 3.2047 | 3.2339 | 3.2578 |
| Camarilla | 3.1610 | 3.1659 | 3.1707 | 3.1756 | 3.1805 | 3.1853 | 3.1902 |
| Woodie | 3.0960 | 3.1264 | 3.1491 | 3.1795 | 3.2022 | 3.2326 | 3.2553 |
| Fibonacci | 3.1277 | 3.1480 | 3.1605 | 3.1808 | 3.2011 | 3.2136 | 3.2339 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.9722 | 3.0666 | 3.1229 | 3.2173 | 3.2736 | 3.3680 | 3.4243 |
| Camarilla | 3.1377 | 3.1515 | 3.1653 | 3.1791 | 3.1929 | 3.2067 | 3.2205 |
| Woodie | 2.9531 | 3.0571 | 3.1038 | 3.2078 | 3.2545 | 3.3585 | 3.4052 |
| Fibonacci | 3.0666 | 3.1242 | 3.1598 | 3.2173 | 3.2749 | 3.3105 | 3.3680 |
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): | 60.59 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 7.7542 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 3.1779 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1724 | |
| Elder Ray (13): | 0.0040 | |
| Super Trend (3,10): | 3.1830 | |
| Zig ZAG (10): | 3.1829 | |
| VORTEX (21): | 1.0308 | |
| Stochastique (14,3,5): | 90.76 | |
| TEMA (21): | 3.1805 | |
| Williams %R (14): | -8.77 | |
| Chande Momentum Oscillator (20): | 0.0065 | |
| Repulse (5,40,3): | 0.0872 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0061 | |
| Courbe Coppock: | 0.44 |
| MA7: | 3.1805 | |
| MA20: | 3.1748 | |
| MA50: | 3.2235 | |
| MA100: | 3.2410 | |
| MAexp7: | 3.1805 | |
| MAexp20: | 3.1785 | |
| MAexp50: | 3.1809 | |
| MAexp100: | 3.1816 | |
| Price / MA7: | +0.04% | |
| Price / MA20: | +0.22% | |
| Price / MA50: | -1.29% | |
| Price / MA100: | -1.82% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.01% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis DKK/MXN - 1H