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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 11/26/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 2.8974 MXN
My targets
2.9205 MXN (+0.0060)
2.9422 MXN (+0.0277)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DKK/MXN as long as the price remains well above 2.8974 MXN. The buyers' bullish objective is set at 2.9205 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.9422 MXN. If there is any crossing, the next objective would be the resistance located at 2.9959 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8

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 2.9145 MXN. On the day, this instrument gained +1.09% and was traded between 2.8822 MXN and 2.9225 MXN over the period. The price is currently at +1.12% from its lowest and -0.27% from its highest.

2.8822
2.9225
2.9145

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

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 this 1H chart of DKK/MXN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

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 scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.8788 2.8974 2.9127 2.9145 2.9205 2.9959 3.1404
Change (%) -1.22% -0.59% -0.06% - +0.21% +2.79% +7.75%
Change -0.0357 -0.0171 -0.0018 - +0.0060 +0.0814 +0.2259
Level Intermediate Major Minor - Minor Major Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.80502.82562.85442.87502.90382.92442.9532
Camarilla2.86952.87402.87862.88312.88762.89222.8967
Woodie2.80902.82772.85842.87712.90782.92652.9572
Fibonacci2.82562.84452.85622.87502.89392.90562.9244


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.77782.80972.83262.86452.88742.91932.9422
Camarilla2.84052.84562.85062.85562.86062.86572.8707
Woodie2.77342.80752.82822.86232.88302.91712.9378
Fibonacci2.80972.83062.84352.86452.88542.89832.9193


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2.70852.75932.84272.89352.97693.02773.1111
Camarilla2.88922.90152.91382.92612.93842.95072.9630
Woodie2.72482.76752.85902.90172.99323.03593.1274
Fibonacci2.75932.81062.84222.89352.94482.97643.0277

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): 69.55
MACD (12,26,9): 0.0090
Directional Movement: 20.9626
AROON (14): 85.7143
DEMA (21): 2.8992
Parabolic SAR (0,02-0,02-0,2): 2.8737
Elder Ray (13): 0.0115
Super Trend (3,10): 2.8758
Zig ZAG (10): 2.9071
VORTEX (21): 1.2494
Stochastique (14,3,5): 82.86
TEMA (21): 2.9038
Williams %R (14): -7.01
Chande Momentum Oscillator (20): 0.0227
Repulse (5,40,3): 0.5812
ROCnROLL: 1
TRIX (15,9): 0.0412
Courbe Coppock: 1.44
MA7: 2.8733
MA20: 2.8994
MA50: 2.8908
MA100: 2.8419
MAexp7: 2.8979
MAexp20: 2.8881
MAexp50: 2.8772
MAexp100: 2.8736
Price / MA7: +1.43%
Price / MA20: +0.52%
Price / MA50: +0.82%
Price / MA100: +2.55%
Price / MAexp7: +0.57%
Price / MAexp20: +0.91%
Price / MAexp50: +1.30%
Price / MAexp100: +1.42%

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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