CHF/MXN - 1H - Technical analysis published on 02/26/2020 (GMT)
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- 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
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
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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 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:
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:
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:
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:
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 18.9878 | 19.1592 | 19.3490 | 19.5204 | 19.7102 | 19.8816 | 20.0714 |
Camarilla | 19.4396 | 19.4727 | 19.5058 | 19.5389 | 19.5720 | 19.6051 | 19.6382 |
Woodie | 18.9971 | 19.1638 | 19.3583 | 19.5250 | 19.7195 | 19.8862 | 20.0807 |
Fibonacci | 19.1592 | 19.2972 | 19.3824 | 19.5204 | 19.6584 | 19.7436 | 19.8816 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.3131 | 18.5820 | 18.9524 | 19.2213 | 19.5917 | 19.8606 | 20.2310 |
Camarilla | 19.1469 | 19.2055 | 19.2641 | 19.3227 | 19.3813 | 19.4399 | 19.4985 |
Woodie | 18.3638 | 18.6074 | 19.0031 | 19.2467 | 19.6424 | 19.8860 | 20.2817 |
Fibonacci | 18.5820 | 18.8263 | 18.9771 | 19.2213 | 19.4656 | 19.6164 | 19.8606 |
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 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.
About author
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…
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