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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 10/12/2023 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 2.5543 MXN
My targets
2.5320 MXN (-0.0089)
2.5149 MXN (-0.0260)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 2.5543 MXN remains possible. It is advisable to trade DKK/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 2.5543 MXN. The next bearish objective for sellers is set at 2.5320 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.5149 MXN. In case of crossing, the next objective would be the support located at 2.4939 MXN. PS: if there is a bullish break in the resistance located at 2.5543 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1

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.

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15 min. Daily Weekly

Additional analysis

Quotes

The DKK/MXN price is 2.5409 MXN. The price is lower by -0.03% since the last closing and was between 2.5216 MXN and 2.5543 MXN. This implies that the price is at +0.77% from its lowest and at -0.52% from its highest.

2.5216
2.5543
2.5409

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 bearish. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of triangle

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.4939 2.5149 2.5400 2.5409 2.5543 2.5737 2.5981
Change (%) -1.85% -1.02% -0.04% - +0.53% +1.29% +2.25%
Change -0.0470 -0.0260 -0.0009 - +0.0134 +0.0328 +0.0572
Level Intermediate Minor Major - Intermediate Minor Intermediate



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
Standard2.51162.52282.53222.54342.55282.56402.5734
Camarilla2.53602.53792.53982.54172.54362.54552.5474
Woodie2.51082.52242.53142.54302.55202.56362.5726
Fibonacci2.52282.53062.53552.54342.55122.55612.5640


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.34852.40592.49002.54742.63152.68892.7730
Camarilla2.53522.54822.56112.57412.58712.60002.6130
Woodie2.36192.41262.50342.55412.64492.69562.7864
Fibonacci2.40592.46002.49342.54742.60152.63492.6889


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.30982.37212.42092.48322.53202.59432.6431
Camarilla2.43922.44932.45952.46972.47992.49012.5003
Woodie2.30312.36872.41422.47982.52532.59092.6364
Fibonacci2.37212.41452.44082.48322.52562.55192.5943

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 49.30
MACD (12,26,9): -0.0006
Directional Movement: 7.3279
AROON (14): 35.7143
DEMA (21): 2.5374
Parabolic SAR (0,02-0,02-0,2): 2.5295
Elder Ray (13): 0.0015
Super Trend (3,10): 2.5220
Zig ZAG (10): 2.5389
VORTEX (21): 0.9916
Stochastique (14,3,5): 62.28
TEMA (21): 2.5405
Williams %R (14): -46.79
Chande Momentum Oscillator (20): 0.0049
Repulse (5,40,3): -0.1540
ROCnROLL: 2
TRIX (15,9): -0.0102
Courbe Coppock: 0.12
MA7: 2.5586
MA20: 2.5018
MA50: 2.4926
MA100: 2.5025
MAexp7: 2.5399
MAexp20: 2.5390
MAexp50: 2.5447
MAexp100: 2.5498
Price / MA7: -0.69%
Price / MA20: +1.56%
Price / MA50: +1.94%
Price / MA100: +1.53%
Price / MAexp7: +0.04%
Price / MAexp20: +0.07%
Price / MAexp50: -0.15%
Price / MAexp100: -0.35%

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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