CHF/MXN - 1H - Technical analysis published on 08/19/2020 (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:
Neutral
De fond:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 24.4707 MXN
My targets
24.5263 MXN (+0.0266)
24.6148 MXN (+0.1151)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/MXN. As long as you are above the support located at 24.4707 MXN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 24.5263 MXN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 24.6148 MXN as an objective. Crossing it would then enable buyers to target 24.6998 MXN. If the support 24.4707 MXN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
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
4.1
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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 rating is 24.4997 MXN. The price registered a decrease of -0.09% on the session and was between 24.4888 MXN and 24.5569 MXN. This implies that the price is at +0.04% from its lowest and at -0.23% from its highest.24.4888
24.5569
24.4997
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this CHF/MXN chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the neutral 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.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.1141 | 24.3244 | 24.4707 | 24.4997 | 24.5263 | 24.6148 | 24.6998 |
| Change (%) | -1.57% | -0.72% | -0.12% | - | +0.11% | +0.47% | +0.82% |
| Change | -0.3856 | -0.1753 | -0.0290 | - | +0.0266 | +0.1151 | +0.2001 |
| Level | Minor | Major | Minor | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.0572 | 24.1832 | 24.3521 | 24.4781 | 24.6470 | 24.7730 | 24.9419 |
| Camarilla | 24.4398 | 24.4668 | 24.4939 | 24.5209 | 24.5479 | 24.5750 | 24.6020 |
| Woodie | 24.0786 | 24.1939 | 24.3735 | 24.4888 | 24.6684 | 24.7837 | 24.9633 |
| Fibonacci | 24.1832 | 24.2959 | 24.3655 | 24.4781 | 24.5908 | 24.6604 | 24.7730 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.4596 | 23.7948 | 23.9881 | 24.3233 | 24.5166 | 24.8518 | 25.0451 |
| Camarilla | 24.0361 | 24.0845 | 24.1330 | 24.1814 | 24.2299 | 24.2783 | 24.3267 |
| Woodie | 23.3887 | 23.7593 | 23.9172 | 24.2878 | 24.4457 | 24.8163 | 24.9742 |
| Fibonacci | 23.7948 | 23.9967 | 24.1214 | 24.3233 | 24.5252 | 24.6499 | 24.8518 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.8473 | 23.1844 | 23.7816 | 24.1187 | 24.7159 | 25.0530 | 25.6502 |
| Camarilla | 24.1220 | 24.2076 | 24.2933 | 24.3789 | 24.4645 | 24.5502 | 24.6358 |
| Woodie | 22.9775 | 23.2494 | 23.9118 | 24.1837 | 24.8461 | 25.1180 | 25.7804 |
| Fibonacci | 23.1844 | 23.5413 | 23.7618 | 24.1187 | 24.4756 | 24.6961 | 25.0530 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 57.63 | |
| MACD (12,26,9): | 0.0297 | |
| Directional Movement: | 9.9124 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 24.5530 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.5086 | |
| Elder Ray (13): | 0.0115 | |
| Super Trend (3,10): | 24.4122 | |
| Zig ZAG (10): | 24.5392 | |
| VORTEX (21): | 1.1779 | |
| Stochastique (14,3,5): | 49.39 | |
| TEMA (21): | 24.5481 | |
| Williams %R (14): | -49.08 | |
| Chande Momentum Oscillator (20): | 0.0134 | |
| Repulse (5,40,3): | 0.0503 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0209 | |
| Courbe Coppock: | 0.28 |
| MA7: | 24.4289 | |
| MA20: | 24.3907 | |
| MA50: | 24.0862 | |
| MA100: | 24.1774 | |
| MAexp7: | 24.5300 | |
| MAexp20: | 24.5089 | |
| MAexp50: | 24.4501 | |
| MAexp100: | 24.4286 | |
| Price / MA7: | +0.29% | |
| Price / MA20: | +0.45% | |
| Price / MA50: | +1.72% | |
| Price / MA100: | +1.33% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.20% | |
| Price / MAexp100: | +0.29% |
Quotes :
2020-08-19 06:48:53
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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