CHF/MXN
CHF MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
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High: -
High / Low range: -
Type: Forex
Ticker: CHFMXN
ISIN:

CHF/MXN - 1H - Technical analysis published on 02/26/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 19.4909 MXN
My targets
19.6794 MXN (+0.0513)
19.8606 MXN (+0.2325)
My analysis
The bullish trend is currently very strong on CHF/MXN. As long as the price remains above the support at 19.4909 MXN, you could try to benefit from the boom. The first bullish objective is located at 19.6794 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 19.8606 MXN as an objective. Crossing it would then enable buyers to target 19.9580 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
5.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/MXN rating is 19.6281 MXN. The price registered an increase of +0.46% on the session and was between 19.5081 MXN and 19.7503 MXN. This implies that the price is at +0.62% from its lowest and at -0.62% from its highest.

19.5081
19.7503
19.6281

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CHF/MXN indicates that the overall trend is strongly bullish. 85.71% 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 scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support 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


S3S2S1PriceR1R2R3
ProTrendLines 19.1526 19.3305 19.4909 19.6281 19.6794 19.9580 20.2901
Change (%) -2.42% -1.52% -0.70% - +0.26% +1.68% +3.37%
Change -0.4755 -0.2976 -0.1372 - +0.0513 +0.3299 +0.6620
Level Major Minor Minor - Major Intermediate Minor



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
Standard18.987819.159219.349019.520419.710219.881620.0714
Camarilla19.439619.472719.505819.538919.572019.605119.6382
Woodie18.997119.163819.358319.525019.719519.886220.0807
Fibonacci19.159219.297219.382419.520419.658419.743619.8816


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.313118.582018.952419.221319.591719.860620.2310
Camarilla19.146919.205519.264119.322719.381319.439919.4985
Woodie18.363818.607419.003119.246719.642419.886020.2817
Fibonacci18.582018.826318.977119.221319.465619.616419.8606


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.723418.933319.246019.455919.768619.978520.2912
Camarilla19.414919.462819.510719.558619.606519.654419.7023
Woodie18.774718.959019.297319.481619.819920.004220.3425
Fibonacci18.933319.133019.256319.455919.655619.778919.9785

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): 52.88
MACD (12,26,9): 0.0279
Directional Movement: 6.9185
AROON (14): 50.0000
DEMA (21): 19.6413
Parabolic SAR (0,02-0,02-0,2): 19.7464
Elder Ray (13): -0.0178
Super Trend (3,10): 19.4861
Zig ZAG (10): 19.6237
VORTEX (21): 0.9918
Stochastique (14,3,5): 44.92
TEMA (21): 19.6421
Williams %R (14): -50.50
Chande Momentum Oscillator (20): 0.0899
Repulse (5,40,3): -0.0192
ROCnROLL: -1
TRIX (15,9): 0.0248
Courbe Coppock: 0.66
MA7: 19.2655
MA20: 19.2086
MA50: 19.3142
MA100: 19.3697
MAexp7: 19.6160
MAexp20: 19.6005
MAexp50: 19.5347
MAexp100: 19.4229
Price / MA7: +1.88%
Price / MA20: +2.18%
Price / MA50: +1.63%
Price / MA100: +1.33%
Price / MAexp7: +0.06%
Price / MAexp20: +0.14%
Price / MAexp50: +0.48%
Price / MAexp100: +1.06%

This member declared not having a position on this financial instrument or a related financial instrument.

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