USD/MXN - 1H - Technical analysis published on 10/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 21.3607 MXN
My targets
21.2485 MXN (-0.0384)
21.1506 MXN (-0.1363)
My analysis
In the short term, we can see an acceleration in the bearish trend on USD/MXN, which is a positive signal for sellers. As long as the price remains above 21.3607 MXN, a sale could be considered. The first bearish objective is located at 21.2485 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 21.1506 MXN as an objective. Crossing it would then enable sellers to target 20.8526 MXN. If the price were to return above 21.3607 MXN, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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
The USD/MXN price is 21.2869 MXN. The price registered a decrease of -0.01% on the session with the lowest point at 21.2699 MXN and the highest point at 21.3718 MXN. The deviation from the price is +0.08% for the low point and -0.40% for the high point.21.2699
21.3718
21.2869
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 (1 month)
Type : Bullish
Timeframe : Weekly
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. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.8526 | 21.1506 | 21.2485 | 21.2869 | 21.3607 | 21.5306 | 21.6005 |
| Change (%) | -2.04% | -0.64% | -0.18% | - | +0.35% | +1.14% | +1.47% |
| Change | -0.4343 | -0.1363 | -0.0384 | - | +0.0738 | +0.2437 | +0.3136 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 20.9244 | 21.0939 | 21.1915 | 21.3610 | 21.4586 | 21.6281 | 21.7257 |
| Camarilla | 21.2156 | 21.2400 | 21.2645 | 21.2890 | 21.3135 | 21.3380 | 21.3625 |
| Woodie | 20.8884 | 21.0759 | 21.1555 | 21.3430 | 21.4226 | 21.6101 | 21.6897 |
| Fibonacci | 21.0939 | 21.1960 | 21.2590 | 21.3610 | 21.4631 | 21.5261 | 21.6281 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.0184 | 16.2378 | 16.3892 | 16.6086 | 16.7600 | 16.9794 | 17.1308 |
| Camarilla | 16.4385 | 16.4725 | 16.5065 | 16.5405 | 16.5745 | 16.6085 | 16.6425 |
| Woodie | 15.9843 | 16.2208 | 16.3551 | 16.5916 | 16.7259 | 16.9624 | 17.0967 |
| Fibonacci | 16.2378 | 16.3795 | 16.4670 | 16.6086 | 16.7503 | 16.8378 | 16.9794 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.1956 | 20.0201 | 21.0517 | 21.8762 | 22.9078 | 23.7323 | 24.7639 |
| Camarilla | 21.5730 | 21.7431 | 21.9133 | 22.0834 | 22.2535 | 22.4237 | 22.5938 |
| Woodie | 19.2993 | 20.0719 | 21.1554 | 21.9280 | 23.0115 | 23.7841 | 24.8676 |
| Fibonacci | 20.0201 | 20.7291 | 21.1671 | 21.8762 | 22.5852 | 23.0232 | 23.7323 |
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): | 49.53 | |
| MACD (12,26,9): | -0.0110 | |
| Directional Movement: | -0.1856 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 21.3244 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.2815 | |
| Elder Ray (13): | 0.0097 | |
| Super Trend (3,10): | 21.4837 | |
| Zig ZAG (10): | 21.3233 | |
| VORTEX (21): | 0.8746 | |
| Stochastique (14,3,5): | 37.75 | |
| TEMA (21): | 21.3001 | |
| Williams %R (14): | -75.16 | |
| Chande Momentum Oscillator (20): | 0.0018 | |
| Repulse (5,40,3): | -0.3472 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0094 | |
| Courbe Coppock: | 0.44 |
| MA7: | 20.9588 | |
| MA20: | 21.5765 | |
| MA50: | 21.6723 | |
| MA100: | 22.0253 | |
| MAexp7: | 21.3122 | |
| MAexp20: | 21.3387 | |
| MAexp50: | 21.3437 | |
| MAexp100: | 21.3450 | |
| Price / MA7: | +1.57% | |
| Price / MA20: | -1.34% | |
| Price / MA50: | -1.78% | |
| Price / MA100: | -3.35% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.27% | |
| Price / MAexp100: | -0.28% |
Quotes :
2020-10-16 07:29:25
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Real time data
-
Forex
News
The latest news and videos published on USD/MXN at the time of the analysis were as follows:
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USD/MXN Forecast September 15, 2020
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USD/MXN Forecast September 14, 2020
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USD/MXN Forecast September 9, 2020
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USD/MXN Forecast August 21, 2020
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USD/MXN Forecast August 19, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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