AUD/MXN - 1H - Technical analysis published on 03/04/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 12.7173 MXN
My targets
12.8338 MXN (+0.0334)
12.8760 MXN (+0.0756)
My analysis
A bullish trend on AUD/MXN both in substance and in the short term. A purchase could be considered as long as the price remains above 12.7173 MXN. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 12.8338 MXN. Then the price could move towards 12.8760 MXN. Then 12.9403 MXN by extension. Be careful, a return below 12.7173 MXN would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.7
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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
The AUD/MXN price is 12.8004 MXN. On the day, this instrument gained +0.03% and was traded between 12.7767 MXN and 12.8277 MXN over the period. The price is currently at +0.19% from its lowest and -0.21% from its highest.12.7767
12.8277
12.8004
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H 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 shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 12.5099 | 12.6142 | 12.7173 | 12.8004 | 12.8338 | 12.8760 | 12.9403 |
| Change (%) | -2.27% | -1.45% | -0.65% | - | +0.26% | +0.59% | +1.09% |
| Change | -0.2905 | -0.1862 | -0.0831 | - | +0.0334 | +0.0756 | +0.1399 |
| Level | Minor | Minor | Intermediate | - | Minor | Minor | 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 | 12.3897 | 12.5029 | 12.6495 | 12.7627 | 12.9093 | 13.0225 | 13.1691 |
| Camarilla | 12.7246 | 12.7484 | 12.7722 | 12.7960 | 12.8198 | 12.8436 | 12.8675 |
| Woodie | 12.4063 | 12.5113 | 12.6661 | 12.7711 | 12.9259 | 13.0309 | 13.1857 |
| Fibonacci | 12.5029 | 12.6022 | 12.6635 | 12.7627 | 12.8620 | 12.9233 | 13.0225 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.0244 | 12.2637 | 12.5160 | 12.7553 | 13.0076 | 13.2469 | 13.4992 |
| Camarilla | 12.6332 | 12.6783 | 12.7233 | 12.7684 | 12.8135 | 12.8585 | 12.9036 |
| Woodie | 12.0310 | 12.2670 | 12.5226 | 12.7586 | 13.0142 | 13.2502 | 13.5058 |
| Fibonacci | 12.2637 | 12.4515 | 12.5675 | 12.7553 | 12.9431 | 13.0591 | 13.2469 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.7466 | 12.0414 | 12.4049 | 12.6997 | 13.0632 | 13.3580 | 13.7215 |
| Camarilla | 12.5874 | 12.6477 | 12.7081 | 12.7684 | 12.8287 | 12.8891 | 12.9494 |
| Woodie | 11.7810 | 12.0586 | 12.4393 | 12.7169 | 13.0976 | 13.3752 | 13.7559 |
| Fibonacci | 12.0414 | 12.2929 | 12.4482 | 12.6997 | 12.9512 | 13.1065 | 13.3580 |
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): | 49.45 | |
| MACD (12,26,9): | 0.0063 | |
| Directional Movement: | 5.0047 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 12.7984 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.8548 | |
| Elder Ray (13): | 0.0051 | |
| Super Trend (3,10): | 12.6777 | |
| Zig ZAG (10): | 12.7892 | |
| VORTEX (21): | 1.0619 | |
| Stochastique (14,3,5): | 36.94 | |
| TEMA (21): | 12.8032 | |
| Williams %R (14): | -75.24 | |
| Chande Momentum Oscillator (20): | -0.0129 | |
| Repulse (5,40,3): | 0.0049 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0101 | |
| Courbe Coppock: | 0.05 |
| MA7: | 12.7296 | |
| MA20: | 12.5795 | |
| MA50: | 12.7761 | |
| MA100: | 12.9652 | |
| MAexp7: | 12.7956 | |
| MAexp20: | 12.7893 | |
| MAexp50: | 12.7822 | |
| MAexp100: | 12.7601 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +1.76% | |
| Price / MA50: | +0.19% | |
| Price / MA100: | -1.27% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.14% | |
| Price / MAexp100: | +0.32% |
This member declared not having a position on this financial instrument or a related financial instrument.
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