CHF/MXN - 1H - Technical analysis published on 01/27/2020 (GMT)
- Who voted?
- 152
- 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 bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 19.4440 MXN
My targets
19.5600 MXN (+0.0336)
19.6794 MXN (+0.1530)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CHF/MXN as long as the price remains well above 19.4440 MXN. The buyers” bullish objective is set at 19.5600 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 19.6794 MXN. If there is any crossing, the next objective would be the resistance located at 19.9568 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
9.1
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:
Additional analysis
Quotes
The CHF/MXN rating is 19.5264 MXN. On the day, this instrument gained +0.94% with the lowest point at 19.3709 MXN and the highest point at 19.5477 MXN. The deviation from the price is +0.80% for the low point and -0.11% for the high point.19.3709
19.5477
19.5264
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of this 1H chart of CHF/MXN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.3404 | 19.4070 | 19.4440 | 19.5264 | 19.5600 | 19.6794 | 19.9568 |
| Change (%) | -0.95% | -0.61% | -0.42% | - | +0.17% | +0.78% | +2.20% |
| Change | -0.1860 | -0.1194 | -0.0824 | - | +0.0336 | +0.1530 | +0.4304 |
| Level | Minor | Intermediate | Intermediate | - | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 19.1450 | 19.2238 | 19.2842 | 19.3630 | 19.4234 | 19.5022 | 19.5626 |
| Camarilla | 19.3063 | 19.3191 | 19.3318 | 19.3446 | 19.3574 | 19.3701 | 19.3829 |
| Woodie | 19.1358 | 19.2192 | 19.2750 | 19.3584 | 19.4142 | 19.4976 | 19.5534 |
| Fibonacci | 19.2238 | 19.2770 | 19.3098 | 19.3630 | 19.4162 | 19.4490 | 19.5022 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0279 | 19.1315 | 19.2380 | 19.3416 | 19.4481 | 19.5517 | 19.6582 |
| Camarilla | 19.2868 | 19.3061 | 19.3253 | 19.3446 | 19.3639 | 19.3831 | 19.4024 |
| Woodie | 19.0295 | 19.1322 | 19.2396 | 19.3423 | 19.4497 | 19.5524 | 19.6598 |
| Fibonacci | 19.1315 | 19.2117 | 19.2613 | 19.3416 | 19.4218 | 19.4714 | 19.5517 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 74.55 | |
| MACD (12,26,9): | 0.0346 | |
| Directional Movement: | 29.8280 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 19.4718 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.3698 | |
| Elder Ray (13): | 0.0757 | |
| Super Trend (3,10): | 19.4096 | |
| Zig ZAG (10): | 19.5409 | |
| VORTEX (21): | 1.1545 | |
| Stochastique (14,3,5): | 93.04 | |
| TEMA (21): | 19.4896 | |
| Williams %R (14): | -7.41 | |
| Chande Momentum Oscillator (20): | 0.1265 | |
| Repulse (5,40,3): | 0.4653 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0175 | |
| Courbe Coppock: | 0.92 |
| MA7: | 19.3567 | |
| MA20: | 19.4159 | |
| MA50: | 19.4486 | |
| MA100: | 19.4757 | |
| MAexp7: | 19.4758 | |
| MAexp20: | 19.4312 | |
| MAexp50: | 19.3914 | |
| MAexp100: | 19.3705 | |
| Price / MA7: | +0.88% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | +0.40% | |
| Price / MA100: | +0.26% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.49% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +0.80% |
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