AUD/MXN - 1H - Technical analysis published on 04/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 14.9579 MXN
My targets
14.7771 MXN (-0.0972)
14.7379 MXN (-0.1364)
My analysis
In the short term, we can see an acceleration in the bearish trend on AUD/MXN, which is a positive signal for sellers. As long as the price remains above 14.9579 MXN, a sale could be considered. The first bearish objective is located at 14.7771 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.7379 MXN as an objective. Crossing it would then enable sellers to target 14.4054 MXN. If the price were to return above 14.9579 MXN, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/MXN rating is 14.8743 MXN. The price registered an increase of -0.55% on the session and was traded between 14.8475 MXN and 14.9967 MXN over the period. The price is currently at +0.18% from its lowest and -0.82% from its highest.14.8475
14.9967
14.8743
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AUD/MXN in 1H shows an overall bearish trend. The signals given by moving averages are 75% bearish. This bearish trend is reinforced 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 bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.2727 | 14.4054 | 14.7379 | 14.8743 | 14.9579 | 15.2144 | 15.3658 |
| Change (%) | -4.04% | -3.15% | -0.92% | - | +0.56% | +2.29% | +3.30% |
| Change | -0.6016 | -0.4689 | -0.1364 | - | +0.0836 | +0.3401 | +0.4915 |
| Level | Major | Intermediate | Intermediate | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.5530 | 14.7369 | 14.8467 | 15.0306 | 15.1404 | 15.3243 | 15.4341 |
| Camarilla | 14.8758 | 14.9028 | 14.9297 | 14.9566 | 14.9835 | 15.0104 | 15.0374 |
| Woodie | 14.5161 | 14.7184 | 14.8098 | 15.0121 | 15.1035 | 15.3058 | 15.3972 |
| Fibonacci | 14.7369 | 14.8491 | 14.9184 | 15.0306 | 15.1428 | 15.2121 | 15.3243 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.6171 | 13.9408 | 14.4534 | 14.7771 | 15.2897 | 15.6134 | 16.1260 |
| Camarilla | 14.7359 | 14.8126 | 14.8892 | 14.9659 | 15.0426 | 15.1192 | 15.1959 |
| Woodie | 13.7115 | 13.9880 | 14.5478 | 14.8243 | 15.3841 | 15.6606 | 16.2204 |
| Fibonacci | 13.9408 | 14.2603 | 14.4577 | 14.7771 | 15.0966 | 15.2940 | 15.6134 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6173 | 11.6167 | 13.1020 | 14.1014 | 15.5867 | 16.5861 | 18.0714 |
| Camarilla | 13.9039 | 14.1317 | 14.3594 | 14.5872 | 14.8150 | 15.0427 | 15.2705 |
| Woodie | 10.8602 | 11.7382 | 13.3449 | 14.2229 | 15.8296 | 16.7076 | 18.3143 |
| Fibonacci | 11.6167 | 12.5659 | 13.1523 | 14.1014 | 15.0506 | 15.6370 | 16.5861 |
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): | 42.23 | |
| MACD (12,26,9): | -0.0250 | |
| Directional Movement: | -9.3690 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 14.9220 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.9833 | |
| Elder Ray (13): | -0.0280 | |
| Super Trend (3,10): | 15.0618 | |
| Zig ZAG (10): | 14.9079 | |
| VORTEX (21): | 0.9658 | |
| Stochastique (14,3,5): | 29.30 | |
| TEMA (21): | 14.9049 | |
| Williams %R (14): | -69.01 | |
| Chande Momentum Oscillator (20): | -0.0696 | |
| Repulse (5,40,3): | -0.2601 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0177 | |
| Courbe Coppock: | 0.77 |
| MA7: | 14.8923 | |
| MA20: | 14.4395 | |
| MA50: | 13.4448 | |
| MA100: | 13.2497 | |
| MAexp7: | 14.9142 | |
| MAexp20: | 14.9521 | |
| MAexp50: | 14.9776 | |
| MAexp100: | 14.9506 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | +3.01% | |
| Price / MA50: | +10.63% | |
| Price / MA100: | +12.26% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.51% |
This member declared not having a position on this financial instrument or a related financial instrument.
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