CHF/MXN - 1H - Technical analysis published on 04/15/2020 (GMT)
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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:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 24.8891 MXN
My targets
25.4981 MXN (+0.4776)
25.7935 MXN (+0.7730)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/MXN as long as the price remains well above 24.8891 MXN. The buyers” bullish objective is set at 25.4981 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 25.7935 MXN. If there is any crossing, the next objective would be the resistance located at 26.3842 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
0
10
8.9
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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
CHF/MXN rating 25.0205 MXN. On the day, this instrument gained +2.76% and was traded between 24.3408 MXN and 25.0347 MXN over the period. The price is currently at +2.79% from its lowest and -0.06% from its highest.24.3408
25.0347
25.0205
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 CHF/MXN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. 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 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.7869 | 24.1668 | 24.6737 | 25.0205 | 25.0206 | 25.4981 | 25.7935 |
| Change (%) | -12.92% | -3.41% | -1.39% | - | +0.00% | +1.91% | +3.09% |
| Change | -3.2336 | -0.8537 | -0.3468 | - | +0.0001 | +0.4776 | +0.7730 |
| Level | Minor | Major | Major | - | Minor | Minor | Intermediate |
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 | 23.7654 | 24.0081 | 24.1786 | 24.4213 | 24.5918 | 24.8345 | 25.0050 |
| Camarilla | 24.2354 | 24.2733 | 24.3111 | 24.3490 | 24.3869 | 24.4248 | 24.4626 |
| Woodie | 23.7292 | 23.9901 | 24.1424 | 24.4033 | 24.5556 | 24.8165 | 24.9688 |
| Fibonacci | 24.0081 | 24.1660 | 24.2635 | 24.4213 | 24.5792 | 24.6767 | 24.8345 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.1283 | 22.6233 | 23.3941 | 24.8891 | 25.6599 | 27.1549 | 27.9257 |
| Camarilla | 23.5417 | 23.7494 | 23.9571 | 24.1648 | 24.3725 | 24.5802 | 24.7879 |
| Woodie | 20.7661 | 22.4423 | 23.0319 | 24.7081 | 25.2977 | 26.9739 | 27.5635 |
| Fibonacci | 22.6233 | 23.4889 | 24.0236 | 24.8891 | 25.7547 | 26.2894 | 27.1549 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.3475 | 17.6915 | 21.2030 | 23.5470 | 27.0585 | 29.4025 | 32.9140 |
| Camarilla | 23.1041 | 23.6409 | 24.1776 | 24.7144 | 25.2512 | 25.7879 | 26.3247 |
| Woodie | 15.9312 | 17.9834 | 21.7867 | 23.8389 | 27.6422 | 29.6944 | 33.4977 |
| Fibonacci | 17.6915 | 19.9283 | 21.3102 | 23.5470 | 25.7838 | 27.1657 | 29.4025 |
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): | 66.70 | |
| MACD (12,26,9): | 0.1332 | |
| Directional Movement: | 20.5890 | |
| AROON (14): | 71.4285 | |
| DEMA (21): | 24.8570 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.6363 | |
| Elder Ray (13): | 0.2168 | |
| Super Trend (3,10): | 24.5850 | |
| Zig ZAG (10): | 25.0120 | |
| VORTEX (21): | 1.1669 | |
| Stochastique (14,3,5): | 94.92 | |
| TEMA (21): | 24.9458 | |
| Williams %R (14): | -5.43 | |
| Chande Momentum Oscillator (20): | 0.4959 | |
| Repulse (5,40,3): | 0.6774 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0517 | |
| Courbe Coppock: | 3.87 |
| MA7: | 24.6038 | |
| MA20: | 24.7942 | |
| MA50: | 22.2648 | |
| MA100: | 20.8406 | |
| MAexp7: | 24.8792 | |
| MAexp20: | 24.6989 | |
| MAexp50: | 24.5661 | |
| MAexp100: | 24.5592 | |
| Price / MA7: | +1.69% | |
| Price / MA20: | +0.91% | |
| Price / MA50: | +12.38% | |
| Price / MA100: | +20.06% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | +1.30% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +1.88% |
This member declared not having a position on this financial instrument or a related financial instrument.
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