DKK/MXN

- MXN (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	DKKMXN
ISIN:

DKK/MXN - 1H - Technical analysis published on 11/20/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 2.5222 MXN

My targets

2.4946 MXN (-0.0182)

2.4781 MXN (-0.0347)

My analysis

The bearish trend is currently very strong for DKK/MXN. As long as the price remains below the resistance at 2.5222 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 2.4946 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2.4781 MXN as an objective. Crossing it would then enable sellers to target 2.4615 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.9

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

DKK/MXN rating 2.5128 MXN. On the day, this instrument lost -0.05% and was traded between 2.5079 MXN and 2.5249 MXN over the period. The price is currently at +0.20% from its lowest and -0.48% from its highest.

2.5079

2.5249

2.5128

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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:

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 HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DKK/MXN in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2.4275	2.4615	2.4946	2.5128	2.5133	2.5222	2.5367
Change (%)	-3.39%	-2.04%	-0.72%	-	+0.02%	+0.37%	+0.95%
Change	-0.0853	-0.0513	-0.0182	-	+0.0005	+0.0094	+0.0239
Level	Minor	Minor	Major	-	Intermediate	Intermediate	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
Standard	2.4780	2.4886	2.5013	2.5119	2.5246	2.5352	2.5479
Camarilla	2.5076	2.5097	2.5119	2.5140	2.5161	2.5183	2.5204
Woodie	2.4791	2.4891	2.5024	2.5124	2.5257	2.5357	2.5490
Fibonacci	2.4886	2.4975	2.5030	2.5119	2.5208	2.5263	2.5352

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.4571	2.4781	2.4961	2.5171	2.5351	2.5561	2.5741
Camarilla	2.5033	2.5069	2.5104	2.5140	2.5176	2.5212	2.5247
Woodie	2.4555	2.4774	2.4945	2.5164	2.5335	2.5554	2.5725
Fibonacci	2.4781	2.4930	2.5022	2.5171	2.5320	2.5412	2.5561

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2.3212	2.3922	2.4760	2.5470	2.6308	2.7018	2.7856
Camarilla	2.5171	2.5313	2.5455	2.5597	2.5739	2.5881	2.6023
Woodie	2.3275	2.3954	2.4823	2.5502	2.6371	2.7050	2.7919
Fibonacci	2.3922	2.4514	2.4879	2.5470	2.6062	2.6427	2.7018

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):	46.89
MACD (12,26,9):	-0.0012
Directional Movement:	-4.7994
AROON (14):	-64.2857
DEMA (21):	2.5128
Parabolic SAR (0,02-0,02-0,2):	2.5181
Elder Ray (13):	-0.0015
Super Trend (3,10):	2.5096
Zig ZAG (10):	2.5127
VORTEX (21):	0.9136
Stochastique (14,3,5):	30.90
TEMA (21):	2.5112
Williams %R (14):	-59.84
Chande Momentum Oscillator (20):	-0.0019
Repulse (5,40,3):	0.0943
ROCnROLL:	2
TRIX (15,9):	-0.0029
Courbe Coppock:	0.50

MA7:	2.5199
MA20:	2.5355
MA50:	2.5227
MA100:	2.5107
MAexp7:	2.5122
MAexp20:	2.5140
MAexp50:	2.5148
MAexp100:	2.5165
Price / MA7:	-0.28%
Price / MA20:	-0.90%
Price / MA50:	-0.39%
Price / MA100:	+0.08%
Price / MAexp7:	+0.02%
Price / MAexp20:	-0.05%
Price / MAexp50:	-0.08%
Price / MAexp100:	-0.15%

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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