USD/MXN - 1H - Technical analysis published on 12/07/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 19.8398 MXN
My targets
19.7400 MXN (-0.0703)
19.4327 MXN (-0.3776)
My analysis
The bearish basic trend is very strong on USD/MXN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 19.8398 MXN. Crossing the first support at 19.7400 MXN would be a sign of a further potential price plummet. Sellers would then use the next support located at 19.4327 MXN as an objective. Crossing it would then enable sellers to target 19.2150 MXN. Caution, a return to above the resistance located at 19.8398 MXN would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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
USD/MXN rating 19.8103 MXN. The price registered an increase of +0.19% on the session and was traded between 19.7651 MXN and 19.9789 MXN over the period. The price is currently at +0.23% from its lowest and -0.84% from its highest.19.7651
19.9789
19.8103
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
Here is a more detailed summary of the historical variations registered by USD/MXN:
Technical
Technical analysis of this 1H chart of USD/MXN indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
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 which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.5371 | 19.2150 | 19.7400 | 19.8103 | 19.8398 | 19.9870 | 20.1463 |
| Change (%) | -6.43% | -3.01% | -0.35% | - | +0.15% | +0.89% | +1.70% |
| Change | -1.2732 | -0.5953 | -0.0703 | - | +0.0295 | +0.1767 | +0.3360 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.85 | |
| MACD (12,26,9): | 0.0061 | |
| Directional Movement: | 3.8648 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 19.8576 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.0900 | |
| Elder Ray (13): | -0.0269 | |
| Super Trend (3,10): | 20.0030 | |
| Zig ZAG (10): | 19.8374 | |
| VORTEX (21): | 1.0223 | |
| Stochastique (14,3,5): | 16.06 | |
| TEMA (21): | 19.8723 | |
| Williams %R (14): | -79.84 | |
| Chande Momentum Oscillator (20): | 0.0149 | |
| Repulse (5,40,3): | -0.1562 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0056 | |
| Courbe Coppock: | 0.12 |
| MA7: | 19.9588 | |
| MA20: | 20.1471 | |
| MA50: | 20.8070 | |
| MA100: | 21.3793 | |
| MAexp7: | 19.8417 | |
| MAexp20: | 19.8515 | |
| MAexp50: | 19.8659 | |
| MAexp100: | 19.9126 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -1.67% | |
| Price / MA50: | -4.79% | |
| Price / MA100: | -7.34% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.28% | |
| Price / MAexp100: | -0.52% |
Quotes :
2020-12-07 16:45:51
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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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