CHF/MXN - 1H - Technical analysis published on 05/01/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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
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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 25.4336 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.
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:
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:
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
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:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 23.7914 | 24.0612 | 24.5646 | 24.8344 | 25.3378 | 25.6076 | 26.1110 |
Camarilla | 24.8554 | 24.9263 | 24.9971 | 25.0680 | 25.1389 | 25.2098 | 25.2806 |
Woodie | 23.9082 | 24.1196 | 24.6814 | 24.8928 | 25.4546 | 25.6660 | 26.2278 |
Fibonacci | 24.0612 | 24.3566 | 24.5390 | 24.8344 | 25.1298 | 25.3122 | 25.6076 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.6404 | 24.1480 | 24.9059 | 25.4135 | 26.1714 | 26.6790 | 27.4369 |
Camarilla | 25.3159 | 25.4319 | 25.5479 | 25.6639 | 25.7799 | 25.8959 | 26.0119 |
Woodie | 23.7657 | 24.2106 | 25.0312 | 25.4761 | 26.2967 | 26.7416 | 27.5622 |
Fibonacci | 24.1480 | 24.6314 | 24.9301 | 25.4135 | 25.8969 | 26.1955 | 26.6790 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 21.6707 | 22.8767 | 23.9723 | 25.1783 | 26.2739 | 27.4799 | 28.5755 |
Camarilla | 24.4351 | 24.6460 | 24.8570 | 25.0680 | 25.2790 | 25.4900 | 25.7009 |
Woodie | 21.6156 | 22.8491 | 23.9172 | 25.1507 | 26.2188 | 27.4523 | 28.5204 |
Fibonacci | 22.8767 | 23.7559 | 24.2991 | 25.1783 | 26.0575 | 26.6007 | 27.4799 |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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