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 05/19/2020 (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 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

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

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard23.600523.895424.160324.455224.720125.015025.2799
Camarilla24.271324.322624.373924.425224.476524.527824.5791
Woodie23.585523.887924.145324.447724.705125.007525.2649
Fibonacci23.895424.109224.241424.455224.669024.801225.0150


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.268123.757224.200424.689525.132725.621826.0650
Camarilla24.387224.472724.558124.643624.729124.814524.9000
Woodie23.245223.745724.177524.678025.109825.610326.0421
Fibonacci23.757224.113324.333424.689525.045625.265725.6218


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): 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.

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