DKK/MXN
DKK MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: DKKMXN
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DKK/MXN - Daily - Technical analysis published on 11/05/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 3.1809 MXN
My targets
3.2391 MXN (+0.0394)
3.2989 MXN (+0.0992)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on DKK/MXN as long as the price remains well above 3.1809 MXN. The buyers' bullish objective is set at 3.2391 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3.2989 MXN. If there is any crossing, the next objective would be the resistance located at 3.4264 MXN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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
0
10
3.8

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:
15 min. 1H Weekly

Additional analysis

Quotes

DKK/MXN rating 3.1997 MXN. The price registered an increase of +0.22% on the session and was traded between 3.1921 MXN and 3.2019 MXN over the period. The price is currently at +0.24% from its lowest and -0.07% from its highest.

3.1921
3.2019
3.1997

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of DKK/MXN in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



In fact, only 8 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.9931 3.1404 3.1809 3.1997 3.2096 3.2391 3.2989
Change (%) -6.46% -1.85% -0.59% - +0.31% +1.23% +3.10%
Change -0.2066 -0.0593 -0.0188 - +0.0099 +0.0394 +0.0992
Level Intermediate Major Intermediate - Major Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.15433.17033.18153.19753.20873.22473.2359
Camarilla3.18523.18773.19023.19273.19523.19773.2002
Woodie3.15193.16913.17913.19633.20633.22353.2335
Fibonacci3.17033.18073.18713.19753.20793.21433.2247


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.08023.11123.15283.18383.22543.25643.2980
Camarilla3.17443.18113.18783.19443.20113.20773.2144
Woodie3.08553.11393.15813.18653.23073.25913.3033
Fibonacci3.11123.13893.15613.18383.21153.22873.2564


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3.03623.08923.14183.19483.24743.30043.3530
Camarilla3.16543.17503.18473.19443.20413.21383.2234
Woodie3.03603.08913.14163.19473.24723.30033.3528
Fibonacci3.08923.12953.15453.19483.23513.26013.3004

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): 51.97
MACD (12,26,9): 0.0059
Directional Movement: 7.0450
AROON (14): 42.8572
DEMA (21): 3.2011
Parabolic SAR (0,02-0,02-0,2): 3.1808
Elder Ray (13): -0.0011
Super Trend (3,10): 3.1478
Zig ZAG (10): 3.2012
VORTEX (21): 1.0171
Stochastique (14,3,5): 48.78
TEMA (21): 3.2050
Williams %R (14): -50.58
Chande Momentum Oscillator (20): 0.0347
Repulse (5,40,3): -0.3550
ROCnROLL: 1
TRIX (15,9): 0.0122
Courbe Coppock: 0.85
MA7: 3.2123
MA20: 3.1918
MA50: 3.1848
MA100: 3.1828
MAexp7: 3.2031
MAexp20: 3.1944
MAexp50: 3.1895
MAexp100: 3.1960
Price / MA7: -0.39%
Price / MA20: +0.25%
Price / MA50: +0.47%
Price / MA100: +0.53%
Price / MAexp7: -0.10%
Price / MAexp20: +0.17%
Price / MAexp50: +0.32%
Price / MAexp100: +0.12%

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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