CHF/MXN
CHF MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFMXN
ISIN:

CHF/MXN - 1H - Technical analysis published on 05/01/2020 (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
72%
0%
28%
My opinion
Bullish above 25.2924 MXN
My targets
25.7935 MXN (+0.3599)
25.9210 MXN (+0.4874)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CHF/MXN. This is a positive signal for buyers. As long as the price remains above 25.2924 MXN, a purchase could be considered. The first bullish objective is located at 25.7935 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.9210 MXN as an objective. In the event of a return below 25.2924 MXN, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.6

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:
15 min. Daily Weekly

Additional analysis

Quotes

CHF/MXN rating 25.4336 MXN. The price is lower by +1.46% since the last closing and was between 25.0334 MXN and 25.5611 MXN. This implies that the price is at +1.60% from its lowest and at -0.50% from its highest.

25.0334
25.5611
25.4336

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.

Central Gaps

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:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CHF/MXN indicates that the overall trend is bullish. The signals returned by the moving averages are 75% 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:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 24.9957 25.1216 25.2924 25.4336 25.7935 25.9210
Change (%) -1.72% -1.23% -0.56% - +1.42% +1.92%
Change -0.4379 -0.3120 -0.1412 - +0.3599 +0.4874
Level Intermediate Minor Intermediate - Major 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
Standard23.791424.061224.564624.834425.337825.607626.1110
Camarilla24.855424.926324.997125.068025.138925.209825.2806
Woodie23.908224.119624.681424.892825.454625.666026.2278
Fibonacci24.061224.356624.539024.834425.129825.312225.6076


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.640424.148024.905925.413526.171426.679027.4369
Camarilla25.315925.431925.547925.663925.779925.895926.0119
Woodie23.765724.210625.031225.476126.296726.741627.5622
Fibonacci24.148024.631424.930125.413525.896926.195526.6790


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.670722.876723.972325.178326.273927.479928.5755
Camarilla24.435124.646024.857025.068025.279025.490025.7009
Woodie21.615622.849123.917225.150726.218827.452328.5204
Fibonacci22.876723.755924.299125.178326.057526.600727.4799

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): 79.16
MACD (12,26,9): 0.2074
Directional Movement: 29.7068
AROON (14): 85.7142
DEMA (21): 25.4234
Parabolic SAR (0,02-0,02-0,2): 25.3180
Elder Ray (13): 0.2000
Super Trend (3,10): 25.1575
Zig ZAG (10): 25.4410
VORTEX (21): 1.4104
Stochastique (14,3,5): 86.54
TEMA (21): 25.5436
Williams %R (14): -24.13
Chande Momentum Oscillator (20): 0.3620
Repulse (5,40,3): 0.0013
ROCnROLL: 1
TRIX (15,9): 0.1104
Courbe Coppock: 4.04
MA7: 25.1952
MA20: 24.8960
MA50: 23.7021
MA100: 21.5016
MAexp7: 25.3754
MAexp20: 25.1676
MAexp50: 24.9698
MAexp100: 24.9776
Price / MA7: +0.95%
Price / MA20: +2.16%
Price / MA50: +7.31%
Price / MA100: +18.29%
Price / MAexp7: +0.23%
Price / MAexp20: +1.06%
Price / MAexp50: +1.86%
Price / MAexp100: +1.83%

This member declared not having a position on this financial instrument or a related financial instrument.

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