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

USD/MXN - Daily - Technical analysis published on 12/07/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 20.6941 MXN
My targets
19.8398 MXN (-0.1016)
19.2150 MXN (-0.7264)
My analysis
All elements being clearly 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 20.6941 MXN. The sellers” bearish objective is set at 19.8398 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.2150 MXN. In case of crossing, the next objective would be the support located at 18.5371 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/MXN rating is 19.9414 MXN. The price has increased by +0.85% since the last closing and was traded between 19.7651 MXN and 19.9789 MXN over the period. The price is currently at +0.89% from its lowest and -0.19% from its highest.

19.7651
19.9789
19.9414

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.

Central Gaps

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:

Technical


Technical analysis of USD/MXN in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.5371 19.2150 19.8398 19.9414 20.8612 21.9263 22.4052
Change (%) -7.04% -3.64% -0.51% - +4.61% +9.95% +12.36%
Change -1.4043 -0.7264 -0.1016 - +0.9198 +1.9849 +2.4638
Level Major Minor Major - Major Intermediate Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.534619.637319.705219.807919.875819.978520.0464
Camarilla19.726219.741819.757519.773119.788719.804419.8200
Woodie19.517219.628619.687819.799219.858419.969820.0290
Fibonacci19.637319.702519.742719.807919.873119.913319.9785


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.125419.432719.602919.910220.080420.387720.5579
Camarilla19.641819.685619.729319.773119.816919.860619.9044
Woodie19.056919.398419.534419.875920.011920.353420.4894
Fibonacci19.432719.615119.727819.910220.092620.205320.3877


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.362718.650119.406720.694121.450722.738123.4947
Camarilla19.601319.788719.976020.163420.350820.538120.7255
Woodie17.097418.517419.141420.561421.185422.605423.2294
Fibonacci18.650119.430919.913320.694121.474921.957322.7381

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): 35.00
MACD (12,26,9): -0.2646
Directional Movement: -11.0356
AROON (14): -92.8571
DEMA (21): 19.8213
Parabolic SAR (0,02-0,02-0,2): 20.1491
Elder Ray (13): -0.2140
Super Trend (3,10): 20.4774
Zig ZAG (10): 19.8939
VORTEX (21): 0.8360
Stochastique (14,3,5): 11.35
TEMA (21): 19.7997
Williams %R (14): -78.30
Chande Momentum Oscillator (20): -0.3575
Repulse (5,40,3): -0.1937
ROCnROLL: 2
TRIX (15,9): -0.1952
Courbe Coppock: 3.95
MA7: 19.9735
MA20: 20.1498
MA50: 20.8081
MA100: 21.3798
MAexp7: 19.9513
MAexp20: 20.1848
MAexp50: 20.6779
MAexp100: 21.1550
Price / MA7: -0.16%
Price / MA20: -1.03%
Price / MA50: -4.17%
Price / MA100: -6.73%
Price / MAexp7: -0.05%
Price / MAexp20: -1.20%
Price / MAexp50: -3.56%
Price / MAexp100: -5.73%

Quotes : 2020-12-07 09:33:27 - Real time data - 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:

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

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