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

USD/MXN - 1H - Technical analysis published on 09/07/2020 (GMT)

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  • Timeframe : 1H
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  • 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:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard21.247121.372721.469721.595321.692321.817921.9149
Camarilla21.505521.525921.546321.566721.587121.607521.6279
Woodie21.232821.365621.455421.588221.678021.810821.9006
Fibonacci21.372721.457721.510321.595321.680321.732921.8179


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.924821.211621.389121.675921.853422.140222.3177
Camarilla21.439021.481621.524121.566721.609321.651821.6944
Woodie20.870321.184321.334621.648621.798922.112922.2632
Fibonacci21.211621.388921.498521.675921.853221.962822.1402


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.297621.018821.468222.189422.638823.360023.8094
Camarilla21.595821.703121.810421.917722.025022.132322.2396
Woodie20.161820.950921.332422.121522.503023.292123.6736
Fibonacci21.018821.465921.742222.189422.636522.912823.3600

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 - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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