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

NZD/MXN - 1H - Technical analysis published on 05/04/2021 (GMT)

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  • Timeframe : 1H
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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

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 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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NZD/MXN:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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


S3S2S1R1PriceR2R3
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
Standard14.396614.441314.485014.529714.573414.618114.6618
Camarilla14.504514.512614.520714.528814.536914.545014.5531
Woodie14.396214.441114.484614.529514.573014.617914.6614
Fibonacci14.441314.475014.495914.529714.563414.584314.6181


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.969614.114714.302114.447214.634614.779714.9671
Camarilla14.398014.428414.458914.489414.519914.550414.5808
Woodie13.990714.125314.323214.457814.655714.790314.9882
Fibonacci14.114714.241814.320214.447214.574314.652714.7797


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.715413.911414.200414.396414.685414.881415.1704
Camarilla14.356014.400514.444914.489414.533914.578314.6228
Woodie13.761913.934714.246914.419714.731914.904715.2169
Fibonacci13.911414.096714.211114.396414.581714.696114.8814

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.

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