NZD/MXN - 1H - Technical analysis published on 05/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 14.4386 MXN
My targets
14.5727 MXN (+0.0542)
14.6346 MXN (+0.1161)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/MXN. As long as you are above the support located at 14.4386 MXN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 14.5727 MXN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 14.6346 MXN as an objective. Crossing it would then enable buyers to target 14.7784 MXN. If the support 14.4386 MXN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.1
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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 NZD/MXN rating is 14.5185 MXN. The price is lower by -0.07% since the last closing with the lowest point at 14.5139 MXN and the highest point at 14.5466 MXN. The deviation from the price is +0.03% for the low point and -0.19% for the high point.14.5139
14.5466
14.5185
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/MXN:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/MXN indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | R1 | Price | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 14.2977 | 14.3470 | 14.4386 | 14.5169 | 14.5185 | 14.5727 | 14.7784 |
Change (%) | -1.52% | -1.18% | -0.55% | -0.01% | - | +0.37% | +1.79% |
Change | -0.2208 | -0.1715 | -0.0799 | -0.0016 | - | +0.0542 | +0.2599 |
Level | Minor | Intermediate | Intermediate | Major | - | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.3966 | 14.4413 | 14.4850 | 14.5297 | 14.5734 | 14.6181 | 14.6618 |
Camarilla | 14.5045 | 14.5126 | 14.5207 | 14.5288 | 14.5369 | 14.5450 | 14.5531 |
Woodie | 14.3962 | 14.4411 | 14.4846 | 14.5295 | 14.5730 | 14.6179 | 14.6614 |
Fibonacci | 14.4413 | 14.4750 | 14.4959 | 14.5297 | 14.5634 | 14.5843 | 14.6181 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.9696 | 14.1147 | 14.3021 | 14.4472 | 14.6346 | 14.7797 | 14.9671 |
Camarilla | 14.3980 | 14.4284 | 14.4589 | 14.4894 | 14.5199 | 14.5504 | 14.5808 |
Woodie | 13.9907 | 14.1253 | 14.3232 | 14.4578 | 14.6557 | 14.7903 | 14.9882 |
Fibonacci | 14.1147 | 14.2418 | 14.3202 | 14.4472 | 14.5743 | 14.6527 | 14.7797 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.7154 | 13.9114 | 14.2004 | 14.3964 | 14.6854 | 14.8814 | 15.1704 |
Camarilla | 14.3560 | 14.4005 | 14.4449 | 14.4894 | 14.5339 | 14.5783 | 14.6228 |
Woodie | 13.7619 | 13.9347 | 14.2469 | 14.4197 | 14.7319 | 14.9047 | 15.2169 |
Fibonacci | 13.9114 | 14.0967 | 14.2111 | 14.3964 | 14.5817 | 14.6961 | 14.8814 |
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): | 51.10 | |
MACD (12,26,9): | 0.0050 | |
Directional Movement: | -2.2783 | |
AROON (14): | 28.5714 | |
DEMA (21): | 14.5373 | |
Parabolic SAR (0,02-0,02-0,2): | 14.5238 | |
Elder Ray (13): | 0.0034 | |
Super Trend (3,10): | 14.4553 | |
Zig ZAG (10): | 14.5273 | |
VORTEX (21): | 1.0292 | |
Stochastique (14,3,5): | 40.73 | |
TEMA (21): | 14.5356 | |
Williams %R (14): | -67.53 | |
Chande Momentum Oscillator (20): | -0.0279 | |
Repulse (5,40,3): | -0.0374 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0068 | |
Courbe Coppock: | 0.22 |
MA7: | 14.4760 | |
MA20: | 14.3261 | |
MA50: | 14.5984 | |
MA100: | 14.5014 | |
MAexp7: | 14.5308 | |
MAexp20: | 14.5308 | |
MAexp50: | 14.5173 | |
MAexp100: | 14.4884 | |
Price / MA7: | +0.29% | |
Price / MA20: | +1.34% | |
Price / MA50: | -0.55% | |
Price / MA100: | +0.12% | |
Price / MAexp7: | -0.10% | |
Price / MAexp20: | -0.10% | |
Price / MAexp50: | +0.00% | |
Price / MAexp100: | +0.20% |
Quotes :
-
Real time data
-
Forex
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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