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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 04/24/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 2.4543 MXN
My targets
2.4573 MXN (+0.0029)
2.4958 MXN (+0.0414)
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 2.4543 MXN. The next resistance located at 2.4573 MXN is the next bullish target 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 2.4958 MXN. After this resistance, buyers could then target 2.5465 MXN.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

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

The DKK/MXN price is 2.4544 MXN. The price registered an increase of +0.83% on the session and was between 2.4239 MXN and 2.4576 MXN. This implies that the price is at +1.26% from its lowest and at -0.13% from its highest.

2.4239
2.4576
2.4544

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of DKK/MXN in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.3867 2.4077 2.4275 2.4544 2.4573 2.4958 2.5465
Change (%) -2.76% -1.90% -1.10% - +0.12% +1.69% +3.75%
Change -0.0677 -0.0467 -0.0269 - +0.0029 +0.0414 +0.0921
Level Minor Major Major - Intermediate Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.40252.41662.42542.43952.44832.46242.4712
Camarilla2.42782.42992.43202.43412.43622.43832.4404
Woodie2.39982.41532.42272.43822.44562.46112.4685
Fibonacci2.41662.42542.43082.43952.44832.45372.4624


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.15352.25822.34962.45432.54572.65042.7418
Camarilla2.38702.40502.42292.44092.45892.47692.4948
Woodie2.14682.25492.34292.45102.53902.64712.7351
Fibonacci2.25822.33312.37942.45432.52922.57552.6504


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.27832.33542.36602.42312.45372.51082.5414
Camarilla2.37242.38042.38852.39652.40452.41262.4206
Woodie2.26502.32882.35272.41652.44042.50422.5281
Fibonacci2.33542.36892.38962.42312.45662.47732.5108

Numerical data


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

Technical indicators
Moving averages

RSI (14): 69.62
MACD (12,26,9): 0.0023
Directional Movement: 16.1750
AROON (14): 21.4285
DEMA (21): 2.4411
Parabolic SAR (0,02-0,02-0,2): 2.4277
Elder Ray (13): 0.0108
Super Trend (3,10): 2.4355
Zig ZAG (10): 2.4523
VORTEX (21): 1.1940
Stochastique (14,3,5): 96.51
TEMA (21): 2.4453
Williams %R (14): -2.32
Chande Momentum Oscillator (20): 0.0220
Repulse (5,40,3): 0.5293
ROCnROLL: 1
TRIX (15,9): -0.0052
Courbe Coppock: 0.91
MA7: 2.4382
MA20: 2.4050
MA50: 2.4376
MA100: 2.4680
MAexp7: 2.4460
MAexp20: 2.4393
MAexp50: 2.4396
MAexp100: 2.4371
Price / MA7: +0.66%
Price / MA20: +2.05%
Price / MA50: +0.69%
Price / MA100: -0.55%
Price / MAexp7: +0.34%
Price / MAexp20: +0.62%
Price / MAexp50: +0.61%
Price / MAexp100: +0.71%

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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