USD/MXN - 1H - Technical analysis published on 09/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 21.7409 MXN
My targets
21.4983 MXN (-0.1340)
21.2116 MXN (-0.4207)
My analysis
The basic trend is bearish on USD/MXN and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 21.7409 MXN. Buyers would then use the next resistance located at 21.8210 MXN as an objective. Crossing it would then enable buyers to target 21.9263 MXN. If there is a return to below the support located at 21.4983 MXN, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 21.2116 MXN and 20.1557 MXN by extension.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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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 USD/MXN rating is 21.6323 MXN. The price registered an increase of +0.30% on the session and was between 21.5104 MXN and 21.6337 MXN. This implies that the price is at +0.57% from its lowest and at -0.01% from its highest.21.5104
21.6337
21.6323
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this USD/MXN chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 19.2150 | 20.1557 | 21.4983 | 21.6323 | 21.7409 | 21.8210 | 21.9263 |
Change (%) | -11.17% | -6.83% | -0.62% | - | +0.50% | +0.87% | +1.36% |
Change | -2.4173 | -1.4766 | -0.1340 | - | +0.1086 | +0.1887 | +0.2940 |
Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Major |
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 | 21.2471 | 21.3727 | 21.4697 | 21.5953 | 21.6923 | 21.8179 | 21.9149 |
Camarilla | 21.5055 | 21.5259 | 21.5463 | 21.5667 | 21.5871 | 21.6075 | 21.6279 |
Woodie | 21.2328 | 21.3656 | 21.4554 | 21.5882 | 21.6780 | 21.8108 | 21.9006 |
Fibonacci | 21.3727 | 21.4577 | 21.5103 | 21.5953 | 21.6803 | 21.7329 | 21.8179 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.9248 | 21.2116 | 21.3891 | 21.6759 | 21.8534 | 22.1402 | 22.3177 |
Camarilla | 21.4390 | 21.4816 | 21.5241 | 21.5667 | 21.6093 | 21.6518 | 21.6944 |
Woodie | 20.8703 | 21.1843 | 21.3346 | 21.6486 | 21.7989 | 22.1129 | 22.2632 |
Fibonacci | 21.2116 | 21.3889 | 21.4985 | 21.6759 | 21.8532 | 21.9628 | 22.1402 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 20.2976 | 21.0188 | 21.4682 | 22.1894 | 22.6388 | 23.3600 | 23.8094 |
Camarilla | 21.5958 | 21.7031 | 21.8104 | 21.9177 | 22.0250 | 22.1323 | 22.2396 |
Woodie | 20.1618 | 20.9509 | 21.3324 | 22.1215 | 22.5030 | 23.2921 | 23.6736 |
Fibonacci | 21.0188 | 21.4659 | 21.7422 | 22.1894 | 22.6365 | 22.9128 | 23.3600 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 50.89 | |
MACD (12,26,9): | -0.0038 | |
Directional Movement: | 6.7508 | |
AROON (14): | 50.0000 | |
DEMA (21): | 21.5905 | |
Parabolic SAR (0,02-0,02-0,2): | 21.5401 | |
Elder Ray (13): | -0.0278 | |
Super Trend (3,10): | 21.8688 | |
Zig ZAG (10): | 21.5610 | |
VORTEX (21): | 0.9628 | |
Stochastique (14,3,5): | 7.47 | |
TEMA (21): | 21.5929 | |
Williams %R (14): | -90.08 | |
Chande Momentum Oscillator (20): | 0.0017 | |
Repulse (5,40,3): | -0.0132 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0104 | |
Courbe Coppock: | 0.41 |
MA7: | 21.7155 | |
MA20: | 21.9750 | |
MA50: | 22.2489 | |
MA100: | 22.6896 | |
MAexp7: | 21.5909 | |
MAexp20: | 21.5992 | |
MAexp50: | 21.6333 | |
MAexp100: | 21.6935 | |
Price / MA7: | -0.38% | |
Price / MA20: | -1.56% | |
Price / MA50: | -2.77% | |
Price / MA100: | -4.66% | |
Price / MAexp7: | +0.19% | |
Price / MAexp20: | +0.15% | |
Price / MAexp50: | -0.01% | |
Price / MAexp100: | -0.29% |
Quotes :
2020-09-07 06:25:55
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Real time data
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Forex
News
The latest news and videos published on USD/MXN at the time of the analysis were as follows:
- USD/MXN Forecast August 21, 2020
- USD/MXN Forecast August 19, 2020
- USD/MXN Forecast Forecast August 6, 2020
- USD/MXN Forecast July 20, 2020
- USD/MXN Forecast June 24, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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