USD/MXN - 1H - Technical analysis published on 08/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 22.4061 MXN
My targets
22.2452 MXN (-0.1160)
21.9263 MXN (-0.4349)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on USD/MXN as long as the price remains well below 22.4061 MXN. The next bearish objective for sellers is set at 22.2452 MXN. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 21.9263 MXN. If there is any crossing, the next objective would be the support located at 20.8521 MXN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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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
USD/MXN rating 22.3612 MXN. On the day, this instrument lost -0.05% with the lowest point at 22.3047 MXN and the highest point at 22.6098 MXN. The deviation from the price is +0.25% for the low point and -1.10% for the high point.22.3047
22.6098
22.3612
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/MXN indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
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 currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.9263 | 22.2452 | 22.3418 | 22.3612 | 22.5423 | 22.6999 | 22.9105 |
| Change (%) | -1.94% | -0.52% | -0.09% | - | +0.81% | +1.51% | +2.46% |
| Change | -0.4349 | -0.1160 | -0.0194 | - | +0.1811 | +0.3387 | +0.5493 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 21.9499 | 22.1377 | 22.2552 | 22.4430 | 22.5605 | 22.7483 | 22.8658 |
| Camarilla | 22.2886 | 22.3166 | 22.3446 | 22.3726 | 22.4006 | 22.4286 | 22.4566 |
| Woodie | 21.9147 | 22.1201 | 22.2200 | 22.4254 | 22.5253 | 22.7307 | 22.8306 |
| Fibonacci | 22.1377 | 22.2544 | 22.3264 | 22.4430 | 22.5597 | 22.6317 | 22.7483 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.8969 | 16.1312 | 16.3907 | 16.6250 | 16.8845 | 17.1188 | 17.3783 |
| Camarilla | 16.5144 | 16.5597 | 16.6049 | 16.6502 | 16.6955 | 16.7407 | 16.7860 |
| Woodie | 15.9095 | 16.1375 | 16.4033 | 16.6313 | 16.8971 | 17.1251 | 17.3909 |
| Fibonacci | 16.1312 | 16.3198 | 16.4364 | 16.6250 | 16.8136 | 16.9302 | 17.1188 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.4744 | 21.1623 | 21.7182 | 22.4061 | 22.9620 | 23.6499 | 24.2058 |
| Camarilla | 21.9322 | 22.0462 | 22.1602 | 22.2742 | 22.3882 | 22.5022 | 22.6163 |
| Woodie | 20.4085 | 21.1293 | 21.6523 | 22.3731 | 22.8961 | 23.6169 | 24.1399 |
| Fibonacci | 21.1623 | 21.6374 | 21.9309 | 22.4061 | 22.8812 | 23.1747 | 23.6499 |
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): | 43.01 | |
| MACD (12,26,9): | -0.0145 | |
| Directional Movement: | -10.5222 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 22.4061 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.6004 | |
| Elder Ray (13): | -0.0713 | |
| Super Trend (3,10): | 22.3601 | |
| Zig ZAG (10): | 22.3894 | |
| VORTEX (21): | 0.9924 | |
| Stochastique (14,3,5): | 25.66 | |
| TEMA (21): | 22.4252 | |
| Williams %R (14): | -71.39 | |
| Chande Momentum Oscillator (20): | 0.0138 | |
| Repulse (5,40,3): | -0.1363 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0112 | |
| Courbe Coppock: | 0.65 |
| MA7: | 21.9551 | |
| MA20: | 22.1987 | |
| MA50: | 22.3092 | |
| MA100: | 23.0841 | |
| MAexp7: | 22.4116 | |
| MAexp20: | 22.4282 | |
| MAexp50: | 22.4616 | |
| MAexp100: | 22.4373 | |
| Price / MA7: | +1.85% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +0.23% | |
| Price / MA100: | -3.13% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.30% | |
| Price / MAexp50: | -0.45% | |
| Price / MAexp100: | -0.34% |
Quotes :
2020-08-06 15:55:23
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Real time data
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Forex
News
Don"t forget to follow the news on USD/MXN. At the time of publication of this analysis, the latest news was as follows:
-
USD/MXN Forecast Forecast August 6, 2020
-
USD/MXN Forecast July 20, 2020
-
USD/MXN Forecast June 24, 2020
-
USD/MXN Forecast June 12, 2020
-
USD/MXN Forecast June 9, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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