DKK/MXN - Daily - Technical analysis published on 11/05/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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:
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 3.1543 | 3.1703 | 3.1815 | 3.1975 | 3.2087 | 3.2247 | 3.2359 |
Camarilla | 3.1852 | 3.1877 | 3.1902 | 3.1927 | 3.1952 | 3.1977 | 3.2002 |
Woodie | 3.1519 | 3.1691 | 3.1791 | 3.1963 | 3.2063 | 3.2235 | 3.2335 |
Fibonacci | 3.1703 | 3.1807 | 3.1871 | 3.1975 | 3.2079 | 3.2143 | 3.2247 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.0802 | 3.1112 | 3.1528 | 3.1838 | 3.2254 | 3.2564 | 3.2980 |
Camarilla | 3.1744 | 3.1811 | 3.1878 | 3.1944 | 3.2011 | 3.2077 | 3.2144 |
Woodie | 3.0855 | 3.1139 | 3.1581 | 3.1865 | 3.2307 | 3.2591 | 3.3033 |
Fibonacci | 3.1112 | 3.1389 | 3.1561 | 3.1838 | 3.2115 | 3.2287 | 3.2564 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.0362 | 3.0892 | 3.1418 | 3.1948 | 3.2474 | 3.3004 | 3.3530 |
Camarilla | 3.1654 | 3.1750 | 3.1847 | 3.1944 | 3.2041 | 3.2138 | 3.2234 |
Woodie | 3.0360 | 3.0891 | 3.1416 | 3.1947 | 3.2472 | 3.3003 | 3.3528 |
Fibonacci | 3.0892 | 3.1295 | 3.1545 | 3.1948 | 3.2351 | 3.2601 | 3.3004 |
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
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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