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 07/14/2020 (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
56%
11%
33%
My opinion
Bullish above 23.9209 MXN
My targets
24.1253 MXN (+0.0314)
24.3408 MXN (+0.2469)
My analysis
CHF/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 23.9209 MXN. The next resistance located at 24.1253 MXN is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 24.3408 MXN. After this resistance, buyers could then target 25.1253 MXN.

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
5

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 rating is 24.0939 MXN. The price is lower by -0.17% since the last closing with the lowest point at 24.0678 MXN and the highest point at 24.1560 MXN. The deviation from the price is +0.11% for the low point and -0.26% for the high point.

24.0678
24.1560
24.0939

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



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this CHF/MXN chart shows a bullish trend. The signals returned by the moving averages are 67.86% 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 moderate bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

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 23.5214 23.6456 23.9209 24.0939 24.1253 24.3408 25.1253
Change (%) -2.38% -1.86% -0.72% - +0.13% +1.02% +4.28%
Change -0.5725 -0.4483 -0.1730 - +0.0314 +0.2469 +1.0314
Level Intermediate Minor Intermediate - Minor Major Minor



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
Standard23.501423.651523.893424.043524.285424.435524.6774
Camarilla24.027524.063424.099424.135324.171224.207224.2431
Woodie23.547323.674523.939324.066524.331324.458524.7233
Fibonacci23.651523.801223.893824.043524.193224.285824.4355


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.575723.048623.452923.925824.330124.803025.2073
Camarilla23.616123.696523.776923.857323.937724.018124.0985
Woodie22.541523.031523.418723.908724.295924.785925.1731
Fibonacci23.048623.383723.590723.925824.260924.467924.8030


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.742421.530322.917423.705325.092425.880327.2674
Camarilla23.706323.905724.105024.304424.503824.703224.9025
Woodie21.041921.680123.216923.855125.391926.030127.5669
Fibonacci21.530322.361222.874523.705324.536225.049525.8803

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 59.32
MACD (12,26,9): 0.0510
Directional Movement: 7.6109
AROON (14): 35.7143
DEMA (21): 24.1130
Parabolic SAR (0,02-0,02-0,2): 24.0630
Elder Ray (13): 0.0155
Super Trend (3,10): 23.9558
Zig ZAG (10): 24.0806
VORTEX (21): 1.1589
Stochastique (14,3,5): 75.45
TEMA (21): 24.1586
Williams %R (14): -37.82
Chande Momentum Oscillator (20): 0.1314
Repulse (5,40,3): -0.2324
ROCnROLL: -1
TRIX (15,9): 0.0281
Courbe Coppock: 1.83
MA7: 24.0293
MA20: 23.9531
MA50: 23.7747
MA100: 23.8458
MAexp7: 24.1066
MAexp20: 24.0536
MAexp50: 24.0202
MAexp100: 24.0199
Price / MA7: +0.27%
Price / MA20: +0.59%
Price / MA50: +1.34%
Price / MA100: +1.04%
Price / MAexp7: -0.05%
Price / MAexp20: +0.17%
Price / MAexp50: +0.31%
Price / MAexp100: +0.31%

Quotes : 2020-07-14 07:08:50 - Real time data - Forex

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

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