DKK/MXN - 1H - Technical analysis published on 11/20/2023 (GMT)
- 195
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
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
0
10
5.9
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:
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
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
S3
S2
S1
R1
R2
R3
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DKK/MXN - 1H