CHF/MXN - 1H - Technical analysis published on 01/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 19.5786 MXN
My targets
19.3465 MXN (-0.1267)
19.2904 MXN (-0.1828)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for CHF/MXN as long as the price remains well below 19.5786 MXN. The sellers” bearish objective is set at 19.3465 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.2904 MXN. If there is any crossing, the next objective would be the support located at 19.2385 MXN.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
FORCE
0
10
3.2
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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 19.4732 MXN. On the day, this instrument lost -0.35% with the lowest point at 19.4528 MXN and the highest point at 19.5415 MXN. The deviation from the price is +0.10% for the low point and -0.35% for the high point.19.4528
19.5415
19.4732
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHF/MXN in 1H shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals a bearish signal that could impact this trend:
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 19.2904 | 19.3465 | 19.4699 | 19.4732 | 19.5786 | 19.6794 | 19.9568 |
| Change (%) | -0.94% | -0.65% | -0.02% | - | +0.54% | +1.06% | +2.48% |
| Change | -0.1828 | -0.1267 | -0.0033 | - | +0.1054 | +0.2062 | +0.4836 |
| 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 | 19.3893 | 19.4386 | 19.4898 | 19.5391 | 19.5903 | 19.6396 | 19.6908 |
| Camarilla | 19.5133 | 19.5225 | 19.5317 | 19.5409 | 19.5501 | 19.5593 | 19.5685 |
| Woodie | 19.3902 | 19.4391 | 19.4907 | 19.5396 | 19.5912 | 19.6401 | 19.6917 |
| Fibonacci | 19.4386 | 19.4770 | 19.5007 | 19.5391 | 19.5775 | 19.6012 | 19.6396 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0839 | 19.1612 | 19.2435 | 19.3208 | 19.4031 | 19.4804 | 19.5627 |
| Camarilla | 19.2819 | 19.2965 | 19.3112 | 19.3258 | 19.3404 | 19.3551 | 19.3697 |
| Woodie | 19.0864 | 19.1625 | 19.2460 | 19.3221 | 19.4056 | 19.4817 | 19.5652 |
| Fibonacci | 19.1612 | 19.2222 | 19.2598 | 19.3208 | 19.3818 | 19.4194 | 19.4804 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.5913 | 18.9081 | 19.2433 | 19.5601 | 19.8953 | 20.2121 | 20.5473 |
| Camarilla | 19.3993 | 19.4591 | 19.5188 | 19.5786 | 19.6384 | 19.6981 | 19.7579 |
| Woodie | 18.6006 | 18.9127 | 19.2526 | 19.5647 | 19.9046 | 20.2167 | 20.5566 |
| Fibonacci | 18.9081 | 19.1571 | 19.3110 | 19.5601 | 19.8091 | 19.9630 | 20.2121 |
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): | 35.34 | |
| MACD (12,26,9): | -0.0172 | |
| Directional Movement: | -16.4641 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 19.4919 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.5570 | |
| Elder Ray (13): | -0.0298 | |
| Super Trend (3,10): | 19.5479 | |
| Zig ZAG (10): | 19.4748 | |
| VORTEX (21): | 0.7746 | |
| Stochastique (14,3,5): | 11.15 | |
| TEMA (21): | 19.4758 | |
| Williams %R (14): | -81.43 | |
| Chande Momentum Oscillator (20): | -0.0985 | |
| Repulse (5,40,3): | -0.0335 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0051 | |
| Courbe Coppock: | 0.68 |
| MA7: | 19.4478 | |
| MA20: | 19.3961 | |
| MA50: | 19.4335 | |
| MA100: | 19.6108 | |
| MAexp7: | 19.4909 | |
| MAexp20: | 19.5080 | |
| MAexp50: | 19.5051 | |
| MAexp100: | 19.4649 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +0.20% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | +0.04% |
This member declared not having a position on this financial instrument or a related financial instrument.
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