USD/MXN - 1H - Technical analysis published on 01/25/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 20.1342 MXN
My targets
20.2989 MXN (+0.1269)
20.5915 MXN (+0.4195)
My analysis
USD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20.1342 MXN. The next resistance located at 20.2989 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 20.5915 MXN. After this resistance, buyers could then target 20.8574 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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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 20.1720 MXN. The price registered an increase of +1.01% on the session and was between 19.8537 MXN and 20.2392 MXN. This implies that the price is at +1.60% from its lowest and at -0.33% from its highest.19.8537
20.2392
20.1720
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of USD/MXN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.8074 | 19.9671 | 20.0063 | 20.1720 | 20.1768 | 20.8574 | 21.9263 |
| Change (%) | -1.81% | -1.02% | -0.82% | - | +0.02% | +3.40% | +8.70% |
| Change | -0.3646 | -0.2049 | -0.1657 | - | +0.0048 | +0.6854 | +1.7543 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 19.5043 | 19.6120 | 19.7908 | 19.8985 | 20.0773 | 20.1850 | 20.3638 |
| Camarilla | 19.8907 | 19.9170 | 19.9432 | 19.9695 | 19.9958 | 20.0220 | 20.0483 |
| Woodie | 19.5398 | 19.6298 | 19.8263 | 19.9163 | 20.1128 | 20.2028 | 20.3993 |
| Fibonacci | 19.6120 | 19.7215 | 19.7891 | 19.8985 | 20.0080 | 20.0756 | 20.1850 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.2196 | 19.3843 | 19.6769 | 19.8416 | 20.1342 | 20.2989 | 20.5915 |
| Camarilla | 19.8437 | 19.8857 | 19.9276 | 19.9695 | 20.0114 | 20.0533 | 20.0953 |
| Woodie | 19.2836 | 19.4163 | 19.7409 | 19.8736 | 20.1982 | 20.3309 | 20.6555 |
| Fibonacci | 19.3843 | 19.5590 | 19.6669 | 19.8416 | 20.0163 | 20.1242 | 20.2989 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.5456 | 19.1226 | 19.5106 | 20.0876 | 20.4756 | 21.0526 | 21.4406 |
| Camarilla | 19.6331 | 19.7216 | 19.8100 | 19.8985 | 19.9870 | 20.0754 | 20.1639 |
| Woodie | 18.4510 | 19.0754 | 19.4160 | 20.0404 | 20.3810 | 21.0054 | 21.3460 |
| Fibonacci | 19.1226 | 19.4913 | 19.7190 | 20.0876 | 20.4563 | 20.6840 | 21.0526 |
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): | 66.54 | |
| MACD (12,26,9): | 0.0636 | |
| Directional Movement: | 32.6125 | |
| AROON (14): | 64.2857 | |
| DEMA (21): | 20.0801 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.9676 | |
| Elder Ray (13): | 0.1075 | |
| Super Trend (3,10): | 19.9702 | |
| Zig ZAG (10): | 20.1528 | |
| VORTEX (21): | 1.1003 | |
| Stochastique (14,3,5): | 83.50 | |
| TEMA (21): | 20.0534 | |
| Williams %R (14): | -6.86 | |
| Chande Momentum Oscillator (20): | 0.2489 | |
| Repulse (5,40,3): | 0.8650 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0237 | |
| Courbe Coppock: | 1.24 |
| MA7: | 19.8108 | |
| MA20: | 19.8636 | |
| MA50: | 19.9709 | |
| MA100: | 20.6405 | |
| MAexp7: | 20.0926 | |
| MAexp20: | 19.9895 | |
| MAexp50: | 19.9016 | |
| MAexp100: | 19.8385 | |
| Price / MA7: | +1.82% | |
| Price / MA20: | +1.55% | |
| Price / MA50: | +1.01% | |
| Price / MA100: | -2.27% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +1.36% | |
| Price / MAexp100: | +1.68% |
Quotes :
2021-01-25 17:12:41
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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
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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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