DKK/MXN - 1H - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 2.7755 MXN
My targets
2.7396 MXN (-0.0030)
2.6846 MXN (-0.0580)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DKK/MXN as long as the price remains well below 2.7755 MXN. The next bearish objective for sellers is set at 2.7396 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.6846 MXN. If there is any crossing, the next objective would be the support located at 2.5520 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DKK/MXN rating 2.7426 MXN. On the day, this instrument lost -0.01% with the lowest point at 2.7410 MXN and the highest point at 2.7603 MXN. The deviation from the price is +0.06% for the low point and -0.64% for the high point.2.7410
2.7603
2.7426
Here is a more detailed summary of the historical variations registered by DKK/MXN:
Technical
Technical analysis of this 1H chart of DKK/MXN indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.5520 | 2.6846 | 2.7396 | 2.7426 | 2.8048 | 2.8266 | 2.8682 |
| Change (%) | -6.95% | -2.11% | -0.11% | - | +2.27% | +3.06% | +4.58% |
| Change | -0.1906 | -0.0580 | -0.0030 | - | +0.0622 | +0.0840 | +0.1256 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | Major |
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 | 2.6868 | 2.7130 | 2.7279 | 2.7541 | 2.7690 | 2.7952 | 2.8101 |
| Camarilla | 2.7315 | 2.7353 | 2.7390 | 2.7428 | 2.7466 | 2.7503 | 2.7541 |
| Woodie | 2.6812 | 2.7102 | 2.7223 | 2.7513 | 2.7634 | 2.7924 | 2.8045 |
| Fibonacci | 2.7130 | 2.7287 | 2.7384 | 2.7541 | 2.7698 | 2.7795 | 2.7952 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4631 | 2.6047 | 2.6791 | 2.8207 | 2.8951 | 3.0367 | 3.1111 |
| Camarilla | 2.6941 | 2.7139 | 2.7337 | 2.7535 | 2.7733 | 2.7931 | 2.8129 |
| Woodie | 2.4295 | 2.5879 | 2.6455 | 2.8039 | 2.8615 | 3.0199 | 3.0775 |
| Fibonacci | 2.6047 | 2.6872 | 2.7382 | 2.8207 | 2.9032 | 2.9542 | 3.0367 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.4273 | 2.4985 | 2.6014 | 2.6726 | 2.7755 | 2.8467 | 2.9496 |
| Camarilla | 2.6564 | 2.6724 | 2.6883 | 2.7043 | 2.7203 | 2.7362 | 2.7522 |
| Woodie | 2.4432 | 2.5064 | 2.6173 | 2.6805 | 2.7914 | 2.8546 | 2.9655 |
| Fibonacci | 2.4985 | 2.5650 | 2.6061 | 2.6726 | 2.7391 | 2.7802 | 2.8467 |
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): | 43.76 | |
| MACD (12,26,9): | -0.0027 | |
| Directional Movement: | -2.3785 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 2.7440 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.7642 | |
| Elder Ray (13): | 0.0034 | |
| Super Trend (3,10): | 2.7411 | |
| Zig ZAG (10): | 2.7463 | |
| VORTEX (21): | 1.0078 | |
| Stochastique (14,3,5): | 63.82 | |
| TEMA (21): | 2.7480 | |
| Williams %R (14): | -75.13 | |
| Chande Momentum Oscillator (20): | 0.0034 | |
| Repulse (5,40,3): | -0.3259 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0273 | |
| Courbe Coppock: | 0.44 |
| MA7: | 2.7676 | |
| MA20: | 2.7425 | |
| MA50: | 2.6734 | |
| MA100: | 2.5584 | |
| MAexp7: | 2.7493 | |
| MAexp20: | 2.7490 | |
| MAexp50: | 2.7585 | |
| MAexp100: | 2.7688 | |
| Price / MA7: | -0.90% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | +2.59% | |
| Price / MA100: | +7.20% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.57% | |
| Price / MAexp100: | -0.94% |
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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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…
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