CHF/MXN - 1H - Technical analysis published on 05/19/2020 (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 bearish
De fond:
Strongly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 24.3625 MXN
My targets
24.2004 MXN (-0.0407)
23.7572 MXN (-0.4839)
My analysis
CHF/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 24.3625 MXN. The next support located at 24.2004 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 23.7572 MXN. Below this support, sellers could then target 21.7869 MXN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
6.1
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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 CHF/MXN price is 24.2411 MXN. The price registered a decrease of -0.75% on the session with the lowest point at 24.2293 MXN and the highest point at 24.4338 MXN. The deviation from the price is +0.05% for the low point and -0.79% for the high point.24.2293
24.4338
24.2411
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/MXN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 8 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 19.5403 | 20.5406 | 21.7869 | 24.2411 | 24.2463 | 24.3625 | 24.5141 |
Change (%) | -19.39% | -15.27% | -10.12% | - | +0.02% | +0.50% | +1.13% |
Change | -4.7008 | -3.7005 | -2.4542 | - | +0.0052 | +0.1214 | +0.2730 |
Level | Major | Major | Minor | - | Minor | 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 | 23.6005 | 23.8954 | 24.1603 | 24.4552 | 24.7201 | 25.0150 | 25.2799 |
Camarilla | 24.2713 | 24.3226 | 24.3739 | 24.4252 | 24.4765 | 24.5278 | 24.5791 |
Woodie | 23.5855 | 23.8879 | 24.1453 | 24.4477 | 24.7051 | 25.0075 | 25.2649 |
Fibonacci | 23.8954 | 24.1092 | 24.2414 | 24.4552 | 24.6690 | 24.8012 | 25.0150 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.2681 | 23.7572 | 24.2004 | 24.6895 | 25.1327 | 25.6218 | 26.0650 |
Camarilla | 24.3872 | 24.4727 | 24.5581 | 24.6436 | 24.7291 | 24.8145 | 24.9000 |
Woodie | 23.2452 | 23.7457 | 24.1775 | 24.6780 | 25.1098 | 25.6103 | 26.0421 |
Fibonacci | 23.7572 | 24.1133 | 24.3334 | 24.6895 | 25.0456 | 25.2657 | 25.6218 |
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): | 45.37 | |
MACD (12,26,9): | -0.0368 | |
Directional Movement: | -8.9988 | |
AROON (14): | 35.7143 | |
DEMA (21): | 24.3533 | |
Parabolic SAR (0,02-0,02-0,2): | 24.3499 | |
Elder Ray (13): | -0.0121 | |
Super Trend (3,10): | 24.5045 | |
Zig ZAG (10): | 24.3819 | |
VORTEX (21): | 0.9421 | |
Stochastique (14,3,5): | 56.79 | |
TEMA (21): | 24.3594 | |
Williams %R (14): | -45.15 | |
Chande Momentum Oscillator (20): | -0.0268 | |
Repulse (5,40,3): | -0.0553 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0258 | |
Courbe Coppock: | 0.18 |
MA7: | 24.6480 | |
MA20: | 24.8938 | |
MA50: | 24.6866 | |
MA100: | 22.1425 | |
MAexp7: | 24.3697 | |
MAexp20: | 24.4111 | |
MAexp50: | 24.4980 | |
MAexp100: | 24.5885 | |
Price / MA7: | -1.65% | |
Price / MA20: | -2.62% | |
Price / MA50: | -1.80% | |
Price / MA100: | +9.48% | |
Price / MAexp7: | -0.53% | |
Price / MAexp20: | -0.70% | |
Price / MAexp50: | -1.05% | |
Price / MAexp100: | -1.41% |
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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