AUD/MXN - 1H - Technical analysis published on 03/18/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 13.8830 MXN
My targets
14.1041 MXN (+0.1025)
14.2727 MXN (+0.2711)
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 13.8830 MXN. The next resistance located at 14.1041 MXN is the next bullish target 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 14.2727 MXN. After this resistance, buyers could then target 14.6783 MXN.
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
7.1
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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 rating is 14.0016 MXN. The price has increased by +1.72% since the last closing with the lowest point at 13.7050 MXN and the highest point at 14.0647 MXN. The deviation from the price is +2.16% for the low point and -0.45% for the high point.13.7050
14.0647
14.0016
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
Here is a more detailed summary of the historical variations registered by AUD/MXN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/MXN indicates that the overall trend is bullish. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
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
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.3984 | 13.5831 | 13.8830 | 14.0016 | 14.1041 | 14.2727 | 14.6783 |
| Change (%) | -4.31% | -2.99% | -0.85% | - | +0.73% | +1.94% | +4.83% |
| Change | -0.6032 | -0.4185 | -0.1186 | - | +0.1025 | +0.2711 | +0.6767 |
| Level | Intermediate | Major | Major | - | Major | 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 | 13.2279 | 13.4214 | 13.5930 | 13.7865 | 13.9581 | 14.1516 | 14.3232 |
| Camarilla | 13.6641 | 13.6976 | 13.7310 | 13.7645 | 13.7980 | 13.8314 | 13.8649 |
| Woodie | 13.2169 | 13.4159 | 13.5820 | 13.7810 | 13.9471 | 14.1461 | 14.3122 |
| Fibonacci | 13.4214 | 13.5609 | 13.6471 | 13.7865 | 13.9260 | 14.0122 | 14.1516 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6282 | 12.4669 | 13.0008 | 13.8395 | 14.3734 | 15.2121 | 15.7460 |
| Camarilla | 13.1571 | 13.2830 | 13.4088 | 13.5346 | 13.6604 | 13.7862 | 13.9121 |
| Woodie | 11.4757 | 12.3907 | 12.8483 | 13.7633 | 14.2209 | 15.1359 | 15.5935 |
| Fibonacci | 12.4669 | 12.9913 | 13.3152 | 13.8395 | 14.3639 | 14.6878 | 15.2121 |
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): | 62.21 | |
| MACD (12,26,9): | 0.0329 | |
| Directional Movement: | 18.1277 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 13.8634 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.6423 | |
| Elder Ray (13): | 0.1652 | |
| Super Trend (3,10): | 13.7207 | |
| Zig ZAG (10): | 13.9721 | |
| VORTEX (21): | 1.1041 | |
| Stochastique (14,3,5): | 84.30 | |
| TEMA (21): | 13.8921 | |
| Williams %R (14): | -19.91 | |
| Chande Momentum Oscillator (20): | 0.2169 | |
| Repulse (5,40,3): | 1.2907 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0016 | |
| Courbe Coppock: | 1.16 |
| MA7: | 13.7584 | |
| MA20: | 13.1675 | |
| MA50: | 12.8802 | |
| MA100: | 13.0222 | |
| MAexp7: | 13.9055 | |
| MAexp20: | 13.8382 | |
| MAexp50: | 13.8078 | |
| MAexp100: | 13.7709 | |
| Price / MA7: | +1.77% | |
| Price / MA20: | +6.33% | |
| Price / MA50: | +8.71% | |
| Price / MA100: | +7.52% | |
| Price / MAexp7: | +0.67% | |
| Price / MAexp20: | +1.16% | |
| Price / MAexp50: | +1.39% | |
| Price / MAexp100: | +1.66% |
This member declared not having a position on this financial instrument or a related financial instrument.
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