AUD/MXN - 1H - Technical analysis published on 09/16/2020 (GMT)
- Who voted?
- 170
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
72%
6%
22%
My opinion
Bearish under 15.4603 MXN
My targets
15.3658 MXN (-0.0497)
15.0402 MXN (-0.3753)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 15.4603 MXN remains possible. It is advisable to trade AUD/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 15.4603 MXN. The next bearish objective for sellers is set at 15.3658 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.0402 MXN. In case of crossing, the next objective would be the support located at 14.7399 MXN. PS: if there is a bullish break in the resistance located at 15.4603 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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.
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 15.4155 MXN. The price registered a decrease of -0.13% on the session with the lowest point at 15.3921 MXN and the highest point at 15.4622 MXN. The deviation from the price is +0.15% for the low point and -0.30% for the high point.15.3921
15.4622
15.4155
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.
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of AUD/MXN indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.8830 | 14.7399 | 15.3658 | 15.4155 | 15.4603 | 15.5813 | 15.6817 |
| Change (%) | -9.94% | -4.38% | -0.32% | - | +0.29% | +1.08% | +1.73% |
| Change | -1.5325 | -0.6756 | -0.0497 | - | +0.0448 | +0.1658 | +0.2662 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | 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 | 15.2405 | 15.2895 | 15.3624 | 15.4114 | 15.4843 | 15.5333 | 15.6062 |
| Camarilla | 15.4019 | 15.4131 | 15.4242 | 15.4354 | 15.4466 | 15.4578 | 15.4689 |
| Woodie | 15.2526 | 15.2955 | 15.3745 | 15.4174 | 15.4964 | 15.5393 | 15.6183 |
| Fibonacci | 15.2895 | 15.3360 | 15.3648 | 15.4114 | 15.4579 | 15.4867 | 15.5333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5516 | 11.8461 | 13.7457 | 15.0402 | 16.9398 | 18.2343 | 20.1339 |
| Camarilla | 14.7668 | 15.0596 | 15.3524 | 15.6452 | 15.9380 | 16.2308 | 16.5236 |
| Woodie | 10.8541 | 11.9974 | 14.0482 | 15.1915 | 17.2423 | 18.3856 | 20.4364 |
| Fibonacci | 11.8461 | 13.0663 | 13.8201 | 15.0402 | 16.2604 | 17.0142 | 18.2343 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.7429 | 14.0974 | 13.6257 | 14.9802 | 14.5085 | 15.8630 | 15.3913 |
| Camarilla | 12.9111 | 12.9921 | 13.0730 | 13.1539 | 13.2348 | 13.3158 | 13.3967 |
| Woodie | 11.8297 | 13.6409 | 12.7125 | 14.5237 | 13.5953 | 15.4065 | 14.4781 |
| Fibonacci | 14.0974 | 14.4347 | 14.6430 | 14.9802 | 15.3175 | 15.5258 | 15.8630 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.93 | |
| MACD (12,26,9): | 0.0074 | |
| Directional Movement: | -7.0660 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 15.4350 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.3882 | |
| Elder Ray (13): | 0.0028 | |
| Super Trend (3,10): | 15.4765 | |
| Zig ZAG (10): | 15.4455 | |
| VORTEX (21): | 1.0363 | |
| Stochastique (14,3,5): | 89.76 | |
| TEMA (21): | 15.4553 | |
| Williams %R (14): | -14.23 | |
| Chande Momentum Oscillator (20): | 0.0409 | |
| Repulse (5,40,3): | 0.0148 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0072 | |
| Courbe Coppock: | 0.68 |
| MA7: | 15.1583 | |
| MA20: | 15.6143 | |
| MA50: | 15.7854 | |
| MA100: | 15.5875 | |
| MAexp7: | 15.4436 | |
| MAexp20: | 15.4257 | |
| MAexp50: | 15.4323 | |
| MAexp100: | 15.4806 | |
| Price / MA7: | +1.70% | |
| Price / MA20: | -1.27% | |
| Price / MA50: | -2.34% | |
| Price / MA100: | -1.10% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.42% |
Quotes :
2020-09-16 07:31:50
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis AUD/MXN - 1H