USD/MXN - 1H - Technical analysis published on 06/23/2020 (GMT)
- Who voted?
- 197
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
67%
6%
28%
My opinion
Neutral between 22.4705 MXN and 22.5973 MXN
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on USD/MXN. It is difficult to advise a trading direction under these conditions. The first resistance is located at 22.5973 MXN. The first support is located at 22.4705 MXN. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
Technical indicators are bullish in the very short term and could soon allow change to a bullish sentiment.
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:
Additional analysis
Quotes
The USD/MXN rating is 22.4962 MXN. On the day, this instrument gained +0.39% and was between 22.4047 MXN and 22.6777 MXN. This implies that the price is at +0.41% from its lowest and at -0.80% from its highest.22.4047
22.6777
22.4962
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 USD/MXN in 1H shows an overall slightly bullish trend. Only 46.43% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 22.1876 | 22.3032 | 22.4705 | 22.4962 | 22.5973 | 22.8294 | 22.9464 |
| Change (%) | -1.37% | -0.86% | -0.11% | - | +0.45% | +1.48% | +2.00% |
| Change | -0.3086 | -0.1930 | -0.0257 | - | +0.1011 | +0.3332 | +0.4502 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 21.8042 | 22.0537 | 22.2317 | 22.4812 | 22.6592 | 22.9087 | 23.0867 |
| Camarilla | 22.2921 | 22.3313 | 22.3705 | 22.4097 | 22.4489 | 22.4881 | 22.5273 |
| Woodie | 21.7685 | 22.0358 | 22.1960 | 22.4633 | 22.6235 | 22.8908 | 23.0510 |
| Fibonacci | 22.0537 | 22.2170 | 22.3179 | 22.4812 | 22.6445 | 22.7454 | 22.9087 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.1285 | 21.5102 | 22.0661 | 22.4478 | 23.0037 | 23.3854 | 23.9413 |
| Camarilla | 22.3643 | 22.4502 | 22.5362 | 22.6221 | 22.7081 | 22.7940 | 22.8799 |
| Woodie | 21.2157 | 21.5538 | 22.1533 | 22.4914 | 23.0909 | 23.4290 | 24.0285 |
| Fibonacci | 21.5102 | 21.8683 | 22.0896 | 22.4478 | 22.8059 | 23.0272 | 23.3854 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.2695 | 20.1369 | 21.1531 | 23.0205 | 24.0367 | 25.9041 | 26.9203 |
| Camarilla | 21.3763 | 21.6406 | 21.9050 | 22.1693 | 22.4336 | 22.6980 | 22.9623 |
| Woodie | 17.8439 | 19.9241 | 20.7275 | 22.8077 | 23.6111 | 25.6913 | 26.4947 |
| Fibonacci | 20.1369 | 21.2384 | 21.9190 | 23.0205 | 24.1220 | 24.8026 | 25.9041 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.84 | |
| MACD (12,26,9): | -0.0141 | |
| Directional Movement: | 9.9906 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 22.4569 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.4147 | |
| Elder Ray (13): | 0.0255 | |
| Super Trend (3,10): | 22.6212 | |
| Zig ZAG (10): | 22.5190 | |
| VORTEX (21): | 0.9853 | |
| Stochastique (14,3,5): | 42.40 | |
| TEMA (21): | 22.4625 | |
| Williams %R (14): | -47.67 | |
| Chande Momentum Oscillator (20): | 0.0901 | |
| Repulse (5,40,3): | 0.3864 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0192 | |
| Courbe Coppock: | 0.28 |
| MA7: | 22.4342 | |
| MA20: | 22.1595 | |
| MA50: | 23.2148 | |
| MA100: | 22.3162 | |
| MAexp7: | 22.4959 | |
| MAexp20: | 22.4775 | |
| MAexp50: | 22.5052 | |
| MAexp100: | 22.4776 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +1.52% | |
| Price / MA50: | -3.10% | |
| Price / MA100: | +0.81% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | +0.08% |
Quotes :
2020-06-23 06:10:11
-
Real time data
-
Forex
News
The latest news and videos published on USD/MXN at the time of the analysis were as follows:
-
USD/MXN Forecast June 12, 2020
-
USD/MXN Forecast June 9, 2020
-
USD/MXN Forecast May 14, 2020
-
S&P 500, USDCNH, USDMXN and Other Key Markets to Watch Next Week
-
USD/MXN Forecast February 21, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis USD/MXN - 1H