CHF/MXN - 1H - Technical analysis published on 02/11/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 19.1028 MXN
My targets
19.0437 MXN (-0.0387)
18.8074 MXN (-0.2750)
My analysis
The bearish trend is currently very strong for CHF/MXN. As long as the price remains below the resistance at 19.1028 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 19.0437 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.8074 MXN as an objective. Crossing it would then enable sellers to target 18.5251 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
6.8
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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
CHF/MXN rating 19.0824 MXN. On the day, this instrument lost -0.30% with the lowest point at 19.0662 MXN and the highest point at 19.1458 MXN. The deviation from the price is +0.08% for the low point and -0.33% for the high point.19.0662
19.1458
19.0824
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 CHF/MXN in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. 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 under support 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.5251 | 18.8074 | 19.0437 | 19.0824 | 19.1028 | 19.1526 | 19.3175 |
| Change (%) | -2.92% | -1.44% | -0.20% | - | +0.11% | +0.37% | +1.23% |
| Change | -0.5573 | -0.2750 | -0.0387 | - | +0.0204 | +0.0702 | +0.2351 |
| Level | Major | 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 | 18.9519 | 19.0388 | 19.0893 | 19.1762 | 19.2267 | 19.3136 | 19.3641 |
| Camarilla | 19.1019 | 19.1145 | 19.1271 | 19.1397 | 19.1523 | 19.1649 | 19.1775 |
| Woodie | 18.9336 | 19.0297 | 19.0710 | 19.1671 | 19.2084 | 19.3045 | 19.3458 |
| Fibonacci | 19.0388 | 19.0913 | 19.1238 | 19.1762 | 19.2287 | 19.2612 | 19.3136 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.3802 | 18.7120 | 18.9500 | 19.2818 | 19.5198 | 19.8516 | 20.0896 |
| Camarilla | 19.0314 | 19.0836 | 19.1359 | 19.1881 | 19.2403 | 19.2926 | 19.3448 |
| Woodie | 18.3334 | 18.6886 | 18.9032 | 19.2584 | 19.4730 | 19.8282 | 20.0428 |
| Fibonacci | 18.7120 | 18.9296 | 19.0641 | 19.2818 | 19.4994 | 19.6339 | 19.8516 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.7234 | 18.9333 | 19.2460 | 19.4559 | 19.7686 | 19.9785 | 20.2912 |
| Camarilla | 19.4149 | 19.4628 | 19.5107 | 19.5586 | 19.6065 | 19.6544 | 19.7023 |
| Woodie | 18.7747 | 18.9590 | 19.2973 | 19.4816 | 19.8199 | 20.0042 | 20.3425 |
| Fibonacci | 18.9333 | 19.1330 | 19.2563 | 19.4559 | 19.6556 | 19.7789 | 19.9785 |
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): | 36.27 | |
| MACD (12,26,9): | -0.0232 | |
| Directional Movement: | -5.0848 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 19.0872 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.1451 | |
| Elder Ray (13): | -0.0220 | |
| Super Trend (3,10): | 19.1532 | |
| Zig ZAG (10): | 19.0794 | |
| VORTEX (21): | 0.7944 | |
| Stochastique (14,3,5): | 26.11 | |
| TEMA (21): | 19.0764 | |
| Williams %R (14): | -85.75 | |
| Chande Momentum Oscillator (20): | -0.0466 | |
| Repulse (5,40,3): | -0.1833 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0183 | |
| Courbe Coppock: | 0.58 |
| MA7: | 19.2032 | |
| MA20: | 19.3114 | |
| MA50: | 19.3746 | |
| MA100: | 19.4365 | |
| MAexp7: | 19.0969 | |
| MAexp20: | 19.1175 | |
| MAexp50: | 19.1474 | |
| MAexp100: | 19.1802 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -1.19% | |
| Price / MA50: | -1.51% | |
| Price / MA100: | -1.82% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.51% |
This member declared not having a position on this financial instrument or a related financial instrument.
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