AUD/MXN - 1H - Technical analysis published on 02/18/2020 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 12.4939 MXN
My targets
12.3790 MXN (-0.0651)
12.2528 MXN (-0.1913)
My analysis
The bearish basic trend is very strong on AUD/MXN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 12.4939 MXN. Crossing the first support at 12.3790 MXN would be a sign of a further potential price plummet. Sellers would then use the next support located at 12.2528 MXN as an objective. Crossing it would then enable sellers to target 11.2833 MXN. Caution, a return to above the resistance located at 12.4939 MXN would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
3.8
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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 12.4441 MXN. The price registered a decrease of -0.11% on the session with the lowest point at 12.4251 MXN and the highest point at 12.4699 MXN. The deviation from the price is +0.15% for the low point and -0.21% for the high point.12.4251
12.4699
12.4441
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AUD/MXN:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this AUD/MXN chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 11.2833 | 12.3790 | 12.4384 | 12.4441 | 12.4939 | 12.5333 | 12.5835 |
| Change (%) | -9.33% | -0.52% | -0.05% | - | +0.40% | +0.72% | +1.12% |
| Change | -1.1608 | -0.0651 | -0.0057 | - | +0.0498 | +0.0892 | +0.1394 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | 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 | 12.3879 | 12.4168 | 12.4370 | 12.4659 | 12.4861 | 12.5150 | 12.5352 |
| Camarilla | 12.4438 | 12.4483 | 12.4528 | 12.4573 | 12.4618 | 12.4663 | 12.4708 |
| Woodie | 12.3837 | 12.4146 | 12.4328 | 12.4637 | 12.4819 | 12.5128 | 12.5310 |
| Fibonacci | 12.4168 | 12.4355 | 12.4471 | 12.4659 | 12.4846 | 12.4962 | 12.5150 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.2528 | 12.3456 | 12.3981 | 12.4909 | 12.5434 | 12.6362 | 12.6887 |
| Camarilla | 12.4106 | 12.4240 | 12.4373 | 12.4506 | 12.4639 | 12.4772 | 12.4906 |
| Woodie | 12.2327 | 12.3355 | 12.3780 | 12.4808 | 12.5233 | 12.6261 | 12.6686 |
| Fibonacci | 12.3456 | 12.4011 | 12.4354 | 12.4909 | 12.5464 | 12.5807 | 12.6362 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5834 | 12.0714 | 12.3353 | 12.8233 | 13.0872 | 13.5752 | 13.8391 |
| Camarilla | 12.3923 | 12.4613 | 12.5302 | 12.5991 | 12.6680 | 12.7370 | 12.8059 |
| Woodie | 11.4713 | 12.0154 | 12.2232 | 12.7673 | 12.9751 | 13.5192 | 13.7270 |
| Fibonacci | 12.0714 | 12.3587 | 12.5361 | 12.8233 | 13.1106 | 13.2880 | 13.5752 |
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): | 54.27 | |
| MACD (12,26,9): | -0.0043 | |
| Directional Movement: | 2.8567 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 12.4457 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.4372 | |
| Elder Ray (13): | 0.0048 | |
| Super Trend (3,10): | 12.4720 | |
| Zig ZAG (10): | 12.4625 | |
| VORTEX (21): | 1.0003 | |
| Stochastique (14,3,5): | 80.62 | |
| TEMA (21): | 12.4528 | |
| Williams %R (14): | -10.71 | |
| Chande Momentum Oscillator (20): | 0.0351 | |
| Repulse (5,40,3): | 0.1390 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0073 | |
| Courbe Coppock: | 0.05 |
| MA7: | 12.4897 | |
| MA20: | 12.5987 | |
| MA50: | 12.8717 | |
| MA100: | 13.0203 | |
| MAexp7: | 12.4523 | |
| MAexp20: | 12.4519 | |
| MAexp50: | 12.4652 | |
| MAexp100: | 12.4853 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | -1.23% | |
| Price / MA50: | -3.32% | |
| Price / MA100: | -4.43% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.33% |
This member declared not having a position on this financial instrument or a related financial instrument.
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