CHF/MXN - 1H - Technical analysis published on 09/30/2020 (GMT)
- Who voted?
- 166
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- 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:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 24.0514 MXN
My targets
23.8958 MXN (-0.0510)
23.7231 MXN (-0.2237)
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 24.0514 MXN. The next support located at 23.8958 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 23.7231 MXN. Below this support, sellers could then target 23.2806 MXN.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.4
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:
Additional analysis
Quotes
The CHF/MXN price is 23.9468 MXN. On the day, this instrument lost -1.66% and was traded between 23.9446 MXN and 24.4667 MXN over the period. The price is currently at +0.01% from its lowest and -2.12% from its highest.23.9446
24.4667
23.9468
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CHF/MXN:
Technical
Technical analysis of CHF/MXN in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.0124 | 23.2806 | 23.7231 | 23.9468 | 24.0514 | 24.5103 | 24.8125 |
| Change (%) | -3.90% | -2.78% | -0.93% | - | +0.44% | +2.35% | +3.62% |
| Change | -0.9344 | -0.6662 | -0.2237 | - | +0.1046 | +0.5635 | +0.8657 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | 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 | 23.7349 | 23.8931 | 24.1222 | 24.2804 | 24.5095 | 24.6677 | 24.8968 |
| Camarilla | 24.2447 | 24.2802 | 24.3157 | 24.3512 | 24.3867 | 24.4222 | 24.4577 |
| Woodie | 23.7703 | 23.9108 | 24.1576 | 24.2981 | 24.5449 | 24.6854 | 24.9322 |
| Fibonacci | 23.8931 | 24.0411 | 24.1325 | 24.2804 | 24.4284 | 24.5198 | 24.6677 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.8797 | 22.5007 | 23.2748 | 23.8958 | 24.6699 | 25.2909 | 26.0650 |
| Camarilla | 23.6654 | 23.7932 | 23.9211 | 24.0490 | 24.1769 | 24.3048 | 24.4327 |
| Woodie | 21.9564 | 22.5390 | 23.3515 | 23.9341 | 24.7466 | 25.3292 | 26.1417 |
| Fibonacci | 22.5007 | 23.0336 | 23.3628 | 23.8958 | 24.4287 | 24.7579 | 25.2909 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.8589 | 23.4461 | 23.8445 | 24.4317 | 24.8301 | 25.4173 | 25.8157 |
| Camarilla | 23.9720 | 24.0623 | 24.1527 | 24.2430 | 24.3334 | 24.4237 | 24.5140 |
| Woodie | 22.7646 | 23.3989 | 23.7502 | 24.3845 | 24.7358 | 25.3701 | 25.7214 |
| Fibonacci | 23.4461 | 23.8226 | 24.0552 | 24.4317 | 24.8082 | 25.0408 | 25.4173 |
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): | 28.68 | |
| MACD (12,26,9): | -0.0631 | |
| Directional Movement: | -13.6843 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 24.1401 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.2745 | |
| Elder Ray (13): | -0.1356 | |
| Super Trend (3,10): | 24.3197 | |
| Zig ZAG (10): | 24.0074 | |
| VORTEX (21): | 0.8047 | |
| Stochastique (14,3,5): | 10.57 | |
| TEMA (21): | 24.0547 | |
| Williams %R (14): | -98.50 | |
| Chande Momentum Oscillator (20): | -0.3895 | |
| Repulse (5,40,3): | -0.7802 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0147 | |
| Courbe Coppock: | 2.20 |
| MA7: | 24.0363 | |
| MA20: | 23.6338 | |
| MA50: | 24.0298 | |
| MA100: | 23.8461 | |
| MAexp7: | 24.1339 | |
| MAexp20: | 24.2037 | |
| MAexp50: | 24.2201 | |
| MAexp100: | 24.1337 | |
| Price / MA7: | -0.37% | |
| Price / MA20: | +1.32% | |
| Price / MA50: | -0.35% | |
| Price / MA100: | +0.42% | |
| Price / MAexp7: | -0.78% | |
| Price / MAexp20: | -1.06% | |
| Price / MAexp50: | -1.13% | |
| Price / MAexp100: | -0.77% |
Quotes :
2020-09-30 16:28:37
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis CHF/MXN - 1H