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DKK/MXN
DKK MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: DKKMXN
ISIN:

DKK/MXN - 1H - Technical analysis published on 09/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 2.5042 MXN
My targets
2.5255 MXN (+0.0027)
2.5478 MXN (+0.0250)
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 2.5042 MXN. The buyers' bullish objective is set at 2.5255 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.5478 MXN. If there is any crossing, the next objective would be the resistance located at 2.6452 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.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

DKK/MXN rating 2.5228 MXN. The price registered an increase of +0.00% on the session with the lowest point at 2.5021 MXN and the highest point at 2.5258 MXN. The deviation from the price is +0.83% for the low point and -0.12% for the high point.

2.5021
2.5258
2.5228

Here is a more detailed summary of the historical variations registered by DKK/MXN:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of DKK/MXN indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.4615 2.4945 2.5042 2.5228 2.5255 2.5478 2.6452
Change (%) -2.43% -1.12% -0.74% - +0.11% +0.99% +4.85%
Change -0.0613 -0.0283 -0.0186 - +0.0027 +0.0250 +0.1224
Level Intermediate Intermediate Minor - Minor Major Minor



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
Standard2.45342.47642.49962.52262.54582.56882.5920
Camarilla2.51022.51442.51872.52292.52712.53142.5356
Woodie2.45362.47652.49982.52272.54602.56892.5922
Fibonacci2.47642.49402.50492.52262.54022.55112.5688


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.34802.38442.43152.46792.51502.55142.5985
Camarilla2.45572.46342.47112.47872.48642.49402.5017
Woodie2.35352.38712.43702.47062.52052.55412.6040
Fibonacci2.38442.41632.43602.46792.49982.51952.5514


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.27072.34572.40942.48442.54812.62312.6868
Camarilla2.43502.44772.46042.47312.48582.49852.5112
Woodie2.26512.34292.40382.48162.54252.62032.6812
Fibonacci2.34572.39872.43142.48442.53742.57012.6231

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): 55.08
MACD (12,26,9): -0.0026
Directional Movement: 0.6550
AROON (14): -71.4286
DEMA (21): 2.5115
Parabolic SAR (0,02-0,02-0,2): 2.5224
Elder Ray (13): 0.0028
Super Trend (3,10): 2.5247
Zig ZAG (10): 2.5201
VORTEX (21): 0.9295
Stochastique (14,3,5): 48.71
TEMA (21): 2.5096
Williams %R (14): -21.79
Chande Momentum Oscillator (20): -0.0038
Repulse (5,40,3): 0.5806
ROCnROLL: 1
TRIX (15,9): -0.0163
Courbe Coppock: 0.98
MA7: 2.5021
MA20: 2.4808
MA50: 2.4989
MA100: 2.5303
MAexp7: 2.5127
MAexp20: 2.5151
MAexp50: 2.5161
MAexp100: 2.5079
Price / MA7: +0.83%
Price / MA20: +1.69%
Price / MA50: +0.96%
Price / MA100: -0.30%
Price / MAexp7: +0.40%
Price / MAexp20: +0.31%
Price / MAexp50: +0.27%
Price / MAexp100: +0.59%

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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