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
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 19.5346 | 19.6373 | 19.7052 | 19.8079 | 19.8758 | 19.9785 | 20.0464 |
Camarilla | 19.7262 | 19.7418 | 19.7575 | 19.7731 | 19.7887 | 19.8044 | 19.8200 |
Woodie | 19.5172 | 19.6286 | 19.6878 | 19.7992 | 19.8584 | 19.9698 | 20.0290 |
Fibonacci | 19.6373 | 19.7025 | 19.7427 | 19.8079 | 19.8731 | 19.9133 | 19.9785 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 19.1254 | 19.4327 | 19.6029 | 19.9102 | 20.0804 | 20.3877 | 20.5579 |
Camarilla | 19.6418 | 19.6856 | 19.7293 | 19.7731 | 19.8169 | 19.8606 | 19.9044 |
Woodie | 19.0569 | 19.3984 | 19.5344 | 19.8759 | 20.0119 | 20.3534 | 20.4894 |
Fibonacci | 19.4327 | 19.6151 | 19.7278 | 19.9102 | 20.0926 | 20.2053 | 20.3877 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.3627 | 18.6501 | 19.4067 | 20.6941 | 21.4507 | 22.7381 | 23.4947 |
Camarilla | 19.6013 | 19.7887 | 19.9760 | 20.1634 | 20.3508 | 20.5381 | 20.7255 |
Woodie | 17.0974 | 18.5174 | 19.1414 | 20.5614 | 21.1854 | 22.6054 | 23.2294 |
Fibonacci | 18.6501 | 19.4309 | 19.9133 | 20.6941 | 21.4749 | 21.9573 | 22.7381 |
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
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Real time data
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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:
- 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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