DKK/MXN - 1H - Technical analysis published on 11/23/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3.1892 MXN
My targets
3.2095 MXN (+0.0072)
3.2284 MXN (+0.0261)
My analysis
DKK/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3.1892 MXN. The next resistance located at 3.2095 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 3.2284 MXN. After this resistance, buyers could then target 3.2519 MXN. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6
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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
The DKK/MXN price is 3.2023 MXN. On the day, this instrument gained +0.82% and was traded between 3.1739 MXN and 3.2063 MXN over the period. The price is currently at +0.89% from its lowest and -0.12% from its highest.3.1739
3.2063
3.2023
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 this 1H chart of DKK/MXN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
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
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 3.1774 | 3.1839 | 3.1892 | 3.2023 | 3.2095 | 3.2519 | 3.2989 |
| Change (%) | -0.78% | -0.57% | -0.41% | - | +0.22% | +1.55% | +3.02% |
| Change | -0.0249 | -0.0184 | -0.0131 | - | +0.0072 | +0.0496 | +0.0966 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
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 | 3.1406 | 3.1482 | 3.1622 | 3.1698 | 3.1838 | 3.1914 | 3.2054 |
| Camarilla | 3.1703 | 3.1722 | 3.1742 | 3.1762 | 3.1782 | 3.1802 | 3.1821 |
| Woodie | 3.1438 | 3.1498 | 3.1654 | 3.1714 | 3.1870 | 3.1930 | 3.2086 |
| Fibonacci | 3.1482 | 3.1565 | 3.1616 | 3.1698 | 3.1781 | 3.1832 | 3.1914 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.0961 | 3.1180 | 3.1402 | 3.1621 | 3.1843 | 3.2062 | 3.2284 |
| Camarilla | 3.1504 | 3.1544 | 3.1585 | 3.1625 | 3.1665 | 3.1706 | 3.1746 |
| Woodie | 3.0964 | 3.1181 | 3.1405 | 3.1622 | 3.1846 | 3.2063 | 3.2287 |
| Fibonacci | 3.1180 | 3.1348 | 3.1452 | 3.1621 | 3.1789 | 3.1893 | 3.2062 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 70.45 | |
| MACD (12,26,9): | 0.0076 | |
| Directional Movement: | 30.0812 | |
| AROON (14): | 92.8571 | |
| DEMA (21): | 3.1948 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.1898 | |
| Elder Ray (13): | 0.0093 | |
| Super Trend (3,10): | 3.1800 | |
| Zig ZAG (10): | 3.1992 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 77.18 | |
| TEMA (21): | 3.1990 | |
| Williams %R (14): | -27.73 | |
| Chande Momentum Oscillator (20): | 0.0218 | |
| Repulse (5,40,3): | -0.0014 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0269 | |
| Courbe Coppock: | 1.28 |
| MA7: | 3.1661 | |
| MA20: | 3.1817 | |
| MA50: | 3.1823 | |
| MA100: | 3.1788 | |
| MAexp7: | 3.1938 | |
| MAexp20: | 3.1856 | |
| MAexp50: | 3.1763 | |
| MAexp100: | 3.1704 | |
| Price / MA7: | +1.14% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | +0.63% | |
| Price / MA100: | +0.74% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +0.82% | |
| Price / MAexp100: | +1.01% |
Quotes :
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Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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