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 10/06/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

94%

My opinion

Bullish above 14.8531 MXN

My targets

15.3601 MXN (+0.3049)

15.6817 MXN (+0.6265)

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 14.8531 MXN. The buyers' bullish objective is set at 15.3601 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 15.6817 MXN. If there is any crossing, the next objective would be the resistance located at 16.0540 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

6.6

Comment on the analysis

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

AUD/MXN rating 15.0552 MXN. On the day, this instrument gained +0.35% and was between 14.9759 MXN and 15.1002 MXN. This implies that the price is at +0.53% from its lowest and at -0.30% from its highest.

14.9759

15.1002

15.0552

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

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of AUD/MXN indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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 : Daily

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:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.4216	14.6629	14.8531	15.0552	15.0687	15.3601	15.6817
Change (%)	-4.21%	-2.61%	-1.34%	-	+0.09%	+2.03%	+4.16%
Change	-0.6336	-0.3923	-0.2021	-	+0.0135	+0.3049	+0.6265
Level	Minor	Major	Major	-	Minor	Major	Intermediate

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	14.8310	14.8711	14.9367	14.9768	15.0424	15.0825	15.1481
Camarilla	14.9732	14.9829	14.9926	15.0023	15.0120	15.0217	15.0314
Woodie	14.8438	14.8775	14.9495	14.9832	15.0552	15.0889	15.1609
Fibonacci	14.8711	14.9115	14.9364	14.9768	15.0172	15.0421	15.0825

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.2138	14.3816	14.6190	14.7868	15.0242	15.1920	15.4294
Camarilla	14.7450	14.7821	14.8193	14.8564	14.8935	14.9307	14.9678
Woodie	14.2486	14.3990	14.6538	14.8042	15.0590	15.2094	15.4642
Fibonacci	14.3816	14.5364	14.6320	14.7868	14.9416	15.0372	15.1920

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.1945	14.3478	14.6307	14.7840	15.0669	15.2202	15.5031
Camarilla	14.7938	14.8337	14.8737	14.9137	14.9537	14.9937	15.0337
Woodie	14.2594	14.3802	14.6956	14.8164	15.1318	15.2526	15.5680
Fibonacci	14.3478	14.5144	14.6173	14.7840	14.9506	15.0535	15.2202

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):	69.18
MACD (12,26,9):	0.0757
Directional Movement:	19.4793
AROON (14):	85.7143
DEMA (21):	14.8433
Parabolic SAR (0,02-0,02-0,2):	14.7379
Elder Ray (13):	0.2225
Super Trend (3,10):	14.6579
Zig ZAG (10):	15.0502
VORTEX (21):	1.1118
Stochastique (14,3,5):	90.46
TEMA (21):	14.9344
Williams %R (14):	-8.95
Chande Momentum Oscillator (20):	0.4425
Repulse (5,40,3):	1.1924
ROCnROLL:	1
TRIX (15,9):	0.0215
Courbe Coppock:	3.91

MA7:	14.8912
MA20:	14.6978
MA50:	14.6870
MA100:	14.9100
MAexp7:	14.9051
MAexp20:	14.7686
MAexp50:	14.7619
MAexp100:	14.8973
Price / MA7:	+1.10%
Price / MA20:	+2.43%
Price / MA50:	+2.51%
Price / MA100:	+0.97%
Price / MAexp7:	+1.01%
Price / MAexp20:	+1.94%
Price / MAexp50:	+1.99%
Price / MAexp100:	+1.06%

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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