AUD/MXN - 1H - Technical analysis published on 05/27/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 15.4507 MXN
My targets
15.5890 MXN (+0.1005)
15.6817 MXN (+0.1932)
My analysis
AUD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 15.4507 MXN. The next resistance located at 15.5890 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 15.6817 MXN. After this resistance, buyers could then target 15.9952 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.9
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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 15.4885 MXN. The price has increased by +0.65% since the last closing and was between 15.3575 MXN and 15.4951 MXN. This implies that the price is at +0.85% from its lowest and at -0.04% from its highest.15.3575
15.4951
15.4885
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/MXN:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/MXN indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.3990 | 15.4336 | 15.4507 | 15.4885 | 15.4922 | 15.6817 | 15.9952 |
| Change (%) | -0.58% | -0.35% | -0.24% | - | +0.02% | +1.25% | +3.27% |
| Change | -0.0895 | -0.0549 | -0.0378 | - | +0.0037 | +0.1932 | +0.5067 |
| Level | Minor | Minor | Minor | - | Major | Major | 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 | 15.2324 | 15.3007 | 15.3447 | 15.4130 | 15.4570 | 15.5253 | 15.5693 |
| Camarilla | 15.3579 | 15.3682 | 15.3785 | 15.3888 | 15.3991 | 15.4094 | 15.4197 |
| Woodie | 15.2204 | 15.2946 | 15.3327 | 15.4069 | 15.4450 | 15.5192 | 15.5573 |
| Fibonacci | 15.3007 | 15.3436 | 15.3701 | 15.4130 | 15.4559 | 15.4824 | 15.5253 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.1702 | 15.2484 | 15.3405 | 15.4187 | 15.5108 | 15.5890 | 15.6811 |
| Camarilla | 15.3858 | 15.4014 | 15.4170 | 15.4326 | 15.4482 | 15.4638 | 15.4794 |
| Woodie | 15.1772 | 15.2519 | 15.3475 | 15.4222 | 15.5178 | 15.5925 | 15.6881 |
| Fibonacci | 15.2484 | 15.3135 | 15.3537 | 15.4187 | 15.4838 | 15.5240 | 15.5890 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.9904 | 15.1398 | 15.3720 | 15.5214 | 15.7536 | 15.9030 | 16.1352 |
| Camarilla | 15.4994 | 15.5343 | 15.5693 | 15.6043 | 15.6393 | 15.6743 | 15.7092 |
| Woodie | 15.0319 | 15.1605 | 15.4135 | 15.5421 | 15.7951 | 15.9237 | 16.1767 |
| Fibonacci | 15.1398 | 15.2855 | 15.3756 | 15.5214 | 15.6671 | 15.7572 | 15.9030 |
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): | 68.32 | |
| MACD (12,26,9): | 0.0171 | |
| Directional Movement: | 16.1129 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 15.4274 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.3932 | |
| Elder Ray (13): | 0.0517 | |
| Super Trend (3,10): | 15.3835 | |
| Zig ZAG (10): | 15.4692 | |
| VORTEX (21): | 1.1692 | |
| Stochastique (14,3,5): | 81.75 | |
| TEMA (21): | 15.4452 | |
| Williams %R (14): | -15.26 | |
| Chande Momentum Oscillator (20): | 0.0833 | |
| Repulse (5,40,3): | 0.2110 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0014 | |
| Courbe Coppock: | 0.65 |
| MA7: | 15.4251 | |
| MA20: | 15.5188 | |
| MA50: | 15.5310 | |
| MA100: | 15.6377 | |
| MAexp7: | 15.4415 | |
| MAexp20: | 15.4244 | |
| MAexp50: | 15.4166 | |
| MAexp100: | 15.4182 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -0.27% | |
| Price / MA100: | -0.95% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.46% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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