USD/MXN - 1H - Technical analysis published on 11/12/2020 (GMT)
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- 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
22%
22%
56%
My opinion
Neutral between 20.4211 MXN and 20.6228 MXN
My targets
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My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 20.6228 MXN. The first support is located at 20.4211 MXN. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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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 20.5009 MXN. On the day, this instrument gained +0.17% and was between 20.4292 MXN and 20.6278 MXN. This implies that the price is at +0.35% from its lowest and at -0.62% from its highest.20.4292
20.6278
20.5009
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/MXN indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA50 & MA100
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 10 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.0332 | 20.2556 | 20.4211 | 20.5009 | 20.6228 | 20.8612 | 21.2179 |
| Change (%) | -2.28% | -1.20% | -0.39% | - | +0.59% | +1.76% | +3.50% |
| Change | -0.4677 | -0.2453 | -0.0798 | - | +0.1219 | +0.3603 | +0.7170 |
| Level | Minor | Major | Minor | - | Intermediate | Major | 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 | 19.8962 | 20.0711 | 20.2683 | 20.4432 | 20.6404 | 20.8153 | 21.0125 |
| Camarilla | 20.3632 | 20.3973 | 20.4314 | 20.4655 | 20.4996 | 20.5337 | 20.5678 |
| Woodie | 19.9074 | 20.0767 | 20.2795 | 20.4488 | 20.6516 | 20.8209 | 21.0237 |
| Fibonacci | 20.0711 | 20.2132 | 20.3011 | 20.4432 | 20.5853 | 20.6732 | 20.8153 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.6196 | 19.5700 | 20.0807 | 21.0311 | 21.5418 | 22.4922 | 23.0029 |
| Camarilla | 20.1897 | 20.3236 | 20.4576 | 20.5915 | 20.7254 | 20.8594 | 20.9933 |
| Woodie | 18.3999 | 19.4601 | 19.8610 | 20.9212 | 21.3221 | 22.3823 | 22.7832 |
| Fibonacci | 19.5700 | 20.1281 | 20.4729 | 21.0311 | 21.5892 | 21.9340 | 22.4922 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.3467 | 20.0892 | 20.6268 | 21.3693 | 21.9069 | 22.6494 | 23.1870 |
| Camarilla | 20.8125 | 20.9298 | 21.0472 | 21.1645 | 21.2818 | 21.3992 | 21.5165 |
| Woodie | 19.2444 | 20.0380 | 20.5245 | 21.3181 | 21.8046 | 22.5982 | 23.0847 |
| Fibonacci | 20.0892 | 20.5782 | 20.8803 | 21.3693 | 21.8583 | 22.1604 | 22.6494 |
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): | 53.50 | |
| MACD (12,26,9): | 0.0286 | |
| Directional Movement: | 3.0346 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 20.5562 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.6087 | |
| Elder Ray (13): | -0.0195 | |
| Super Trend (3,10): | 20.4313 | |
| Zig ZAG (10): | 20.5483 | |
| VORTEX (21): | 1.0010 | |
| Stochastique (14,3,5): | 49.82 | |
| TEMA (21): | 20.5569 | |
| Williams %R (14): | -48.89 | |
| Chande Momentum Oscillator (20): | 0.0216 | |
| Repulse (5,40,3): | 0.0258 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0258 | |
| Courbe Coppock: | 0.46 |
| MA7: | 20.5635 | |
| MA20: | 20.9282 | |
| MA50: | 21.3084 | |
| MA100: | 21.8081 | |
| MAexp7: | 20.5283 | |
| MAexp20: | 20.5124 | |
| MAexp50: | 20.4707 | |
| MAexp100: | 20.5147 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -2.04% | |
| Price / MA50: | -3.79% | |
| Price / MA100: | -5.99% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | -0.07% |
Quotes :
2020-11-12 16:06:00
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Real time data
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Forex
News
The last news published on USD/MXN at the time of the generation of this analysis was as follows:
-
USD/MXN Forecast September 15, 2020
-
USD/MXN Forecast September 14, 2020
-
USD/MXN Forecast September 9, 2020
-
USD/MXN Forecast August 21, 2020
-
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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