AUD/MXN
AUD MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDMXN
ISIN:

AUD/MXN - Daily - Technical analysis published on 08/28/2020 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 15.9705 MXN
My targets
16.4074 MXN (+0.3378)
16.5894 MXN (+0.5198)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/MXN as long as the price remains well above 15.9705 MXN. The buyers” bullish objective is set at 16.4074 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.5894 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2

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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

AUD/MXN rating 16.0696 MXN. On the day, this instrument lost -0.14% and was traded between 16.0338 MXN and 16.1343 MXN over the period. The price is currently at +0.22% from its lowest and -0.40% from its highest.

16.0338
16.1343
16.0696

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of AUD/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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



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:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 14.7399 15.6817 15.9705 16.0696 16.5894
Change (%) -8.27% -2.41% -0.62% - +3.23%
Change -1.3297 -0.3879 -0.0991 - +0.5198
Level Intermediate Major 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
Standard15.664315.757915.924716.018316.185116.278716.4455
Camarilla16.019816.043716.067516.091416.115316.139116.1630
Woodie15.700815.776215.961216.036616.221616.297016.4820
Fibonacci15.757915.857415.918916.018316.117816.179316.2787


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.218615.467415.604615.853415.990616.239416.3766
Camarilla15.635815.671115.706515.741915.777315.812715.8481
Woodie15.162915.439515.548915.825515.934916.211516.3209
Fibonacci15.467415.614815.705915.853416.000816.091916.2394


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.954115.201415.557115.804416.160116.407416.7631
Camarilla15.746915.802215.857415.912715.968016.023316.0785
Woodie15.008215.228515.611215.831516.214216.434516.8172
Fibonacci15.201415.431815.574115.804416.034816.177116.4074

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): 56.50
MACD (12,26,9): 0.0319
Directional Movement: 8.3353
AROON (14): -78.5714
DEMA (21): 15.9750
Parabolic SAR (0,02-0,02-0,2): 15.6964
Elder Ray (13): 0.1474
Super Trend (3,10): 15.6588
Zig ZAG (10): 16.0608
VORTEX (21): 1.0690
Stochastique (14,3,5): 70.73
TEMA (21): 15.9327
Williams %R (14): -16.67
Chande Momentum Oscillator (20): 0.0448
Repulse (5,40,3): 1.1680
ROCnROLL: 1
TRIX (15,9): 0.0316
Courbe Coppock: 1.55
MA7: 15.8922
MA20: 15.9820
MA50: 15.8368
MA100: 15.5831
MAexp7: 15.9519
MAexp20: 15.9239
MAexp50: 15.7838
MAexp100: 15.4174
Price / MA7: +1.12%
Price / MA20: +0.55%
Price / MA50: +1.47%
Price / MA100: +3.12%
Price / MAexp7: +0.74%
Price / MAexp20: +0.92%
Price / MAexp50: +1.81%
Price / MAexp100: +4.23%

Quotes : 2020-08-28 14:06:05 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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