AUD/MXN - 1H - Technical analysis published on 06/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 15.3658 MXN
My targets
15.4392 MXN (+0.0316)
15.5122 MXN (+0.1046)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on AUD/MXN as long as the price remains well above 15.3658 MXN. The buyers” bullish objective is set at 15.4392 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.5122 MXN. If there is any crossing, the next objective would be the resistance located at 15.6817 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
5
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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 15.4076 MXN. The price has increased by +0.34% since the last closing and was traded between 15.2923 MXN and 15.4274 MXN over the period. The price is currently at +0.75% from its lowest and -0.13% from its highest.15.2923
15.4274
15.4076
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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
Technical
Technical analysis of AUD/MXN in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of triangle 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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.1815 | 15.3006 | 15.3658 | 15.4076 | 15.4392 | 15.5122 | 15.6817 |
| Change (%) | -1.47% | -0.69% | -0.27% | - | +0.21% | +0.68% | +1.78% |
| Change | -0.2261 | -0.1070 | -0.0418 | - | +0.0316 | +0.1046 | +0.2741 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 14.9641 | 15.0730 | 15.2143 | 15.3232 | 15.4645 | 15.5734 | 15.7147 |
| Camarilla | 15.2867 | 15.3096 | 15.3326 | 15.3555 | 15.3784 | 15.4014 | 15.4243 |
| Woodie | 14.9802 | 15.0811 | 15.2304 | 15.3313 | 15.4806 | 15.5815 | 15.7308 |
| Fibonacci | 15.0730 | 15.1686 | 15.2277 | 15.3232 | 15.4188 | 15.4779 | 15.5734 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.3477 | 14.6788 | 14.9798 | 15.3109 | 15.6119 | 15.9430 | 16.2440 |
| Camarilla | 15.1070 | 15.1649 | 15.2229 | 15.2808 | 15.3387 | 15.3967 | 15.4546 |
| Woodie | 14.3327 | 14.6713 | 14.9648 | 15.3034 | 15.5969 | 15.9355 | 16.2290 |
| Fibonacci | 14.6788 | 14.9203 | 15.0694 | 15.3109 | 15.5524 | 15.7015 | 15.9430 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.9405 | 13.7825 | 14.2825 | 15.1245 | 15.6245 | 16.4665 | 16.9665 |
| Camarilla | 14.4135 | 14.5365 | 14.6595 | 14.7825 | 14.9055 | 15.0285 | 15.1516 |
| Woodie | 12.7695 | 13.6970 | 14.1115 | 15.0390 | 15.4535 | 16.3810 | 16.7955 |
| Fibonacci | 13.7825 | 14.2951 | 14.6119 | 15.1245 | 15.6371 | 15.9539 | 16.4665 |
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): | 59.94 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 6.8629 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 15.3574 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.2948 | |
| Elder Ray (13): | 0.0596 | |
| Super Trend (3,10): | 15.2733 | |
| Zig ZAG (10): | 15.4043 | |
| VORTEX (21): | 1.1329 | |
| Stochastique (14,3,5): | 65.71 | |
| TEMA (21): | 15.3653 | |
| Williams %R (14): | -13.40 | |
| Chande Momentum Oscillator (20): | 0.0165 | |
| Repulse (5,40,3): | 0.4987 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 0.55 |
| MA7: | 15.3596 | |
| MA20: | 15.0835 | |
| MA50: | 15.3060 | |
| MA100: | 14.3523 | |
| MAexp7: | 15.3279 | |
| MAexp20: | 15.3448 | |
| MAexp50: | 15.3518 | |
| MAexp100: | 15.3475 | |
| Price / MA7: | +0.31% | |
| Price / MA20: | +2.15% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +7.35% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +0.39% |
Quotes :
2020-06-17 15:13:43
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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