AUD/MXN - 1H - Technical analysis published on 05/14/2020 (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:
Slightly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 15.6817 MXN
My targets
15.5898 MXN (-0.0292)
15.5208 MXN (-0.0982)
My analysis
The strong short-term decline of AUD/MXN reinforces the current slightly bearish trend. As long as the price remains below 15.6817 MXN, you could take advantage of this bearish acceleration. The first bearish objective is located at 15.5898 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.5208 MXN as an objective. Crossing it would then enable sellers to target 15.3658 MXN. A return to above 15.6817 MXN would be a sign of a correction of short-term bearish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
2.1
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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
AUD/MXN rating 15.6190 MXN. On the day, this instrument lost +0.10% and was between 15.5741 MXN and 15.6522 MXN. This implies that the price is at +0.29% from its lowest and at -0.21% from its highest.15.5741
15.6522
15.6190
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 AUD/MXN indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could be reinforced by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.3658 | 15.5208 | 15.5898 | 15.6190 | 15.6817 | 15.7946 | 15.9195 |
| Change (%) | -1.62% | -0.63% | -0.19% | - | +0.40% | +1.12% | +1.92% |
| Change | -0.2532 | -0.0982 | -0.0292 | - | +0.0627 | +0.1756 | +0.3005 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.3730 | 15.4818 | 15.5430 | 15.6518 | 15.7130 | 15.8218 | 15.8830 |
| Camarilla | 15.5574 | 15.5729 | 15.5885 | 15.6041 | 15.6197 | 15.6353 | 15.6509 |
| Woodie | 15.3491 | 15.4699 | 15.5191 | 15.6399 | 15.6891 | 15.8099 | 15.8591 |
| Fibonacci | 15.4818 | 15.5468 | 15.5869 | 15.6518 | 15.7168 | 15.7569 | 15.8218 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.6544 | 14.9978 | 15.2328 | 15.5762 | 15.8112 | 16.1546 | 16.3896 |
| Camarilla | 15.3088 | 15.3619 | 15.4149 | 15.4679 | 15.5209 | 15.5739 | 15.6270 |
| Woodie | 14.6003 | 14.9707 | 15.1787 | 15.5491 | 15.7571 | 16.1275 | 16.3355 |
| Fibonacci | 14.9978 | 15.2187 | 15.3552 | 15.5762 | 15.7971 | 15.9336 | 16.1546 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.9547 | 13.6794 | 14.7065 | 15.4312 | 16.4583 | 17.1830 | 18.2101 |
| Camarilla | 15.2520 | 15.4125 | 15.5731 | 15.7337 | 15.8943 | 16.0549 | 16.2154 |
| Woodie | 13.1060 | 13.7550 | 14.8578 | 15.5068 | 16.6096 | 17.2586 | 18.3614 |
| Fibonacci | 13.6794 | 14.3486 | 14.7620 | 15.4312 | 16.1004 | 16.5138 | 17.1830 |
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): | 46.03 | |
| MACD (12,26,9): | -0.0185 | |
| Directional Movement: | 5.5880 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 15.6018 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.6756 | |
| Elder Ray (13): | -0.0064 | |
| Super Trend (3,10): | 15.5686 | |
| Zig ZAG (10): | 15.6016 | |
| VORTEX (21): | 0.9570 | |
| Stochastique (14,3,5): | 14.44 | |
| TEMA (21): | 15.5816 | |
| Williams %R (14): | -68.75 | |
| Chande Momentum Oscillator (20): | -0.0618 | |
| Repulse (5,40,3): | 0.2199 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0139 | |
| Courbe Coppock: | 0.87 |
| MA7: | 15.5917 | |
| MA20: | 15.5892 | |
| MA50: | 14.8861 | |
| MA100: | 13.8324 | |
| MAexp7: | 15.5975 | |
| MAexp20: | 15.6238 | |
| MAexp50: | 15.6250 | |
| MAexp100: | 15.6053 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | +0.19% | |
| Price / MA50: | +4.92% | |
| Price / MA100: | +12.92% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.09% |
This member declared not having a position on this financial instrument or a related financial instrument.
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