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 03/03/2021 (GMT)

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

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 20.5801 MXN
My targets
21.3070 MXN (+0.4650)
21.4870 MXN (+0.6450)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on USD/MXN as long as the price remains well above 20.5801 MXN. The buyers” bullish objective is set at 21.3070 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21.4870 MXN. If there is any crossing, the next objective would be the resistance located at 21.9263 MXN.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/MXN price is 20.8420 MXN. On the day, this instrument gained +1.14% and was traded between 20.5509 MXN and 20.8948 MXN over the period. The price is currently at +1.42% from its lowest and -0.25% from its highest.

20.5509
20.8948
20.8420

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



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in Daily of this USD/MXN chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced 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:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 19.5873 20.1587 20.5801 20.8420 20.8574 21.4870 21.9263
Change (%) -6.02% -3.28% -1.26% - +0.07% +3.09% +5.20%
Change -1.2547 -0.6833 -0.2619 - +0.0154 +0.6450 +1.0843
Level Minor Major Major - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.275520.415320.510920.650720.746320.886120.9817
Camarilla20.541820.563320.584920.606520.628120.649720.6712
Woodie20.253420.404320.488820.639720.724220.875120.9596
Fibonacci20.415320.505220.560820.650720.740620.796220.8861


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.758620.054420.456420.752221.154221.450021.8520
Camarilla20.666620.730620.794520.858520.922520.986421.0504
Woodie19.811820.081020.509620.778821.207421.476621.9052
Fibonacci20.054420.320920.485620.752221.018721.183421.4500


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.994619.443220.150820.599421.307021.755622.4632
Camarilla20.540620.646520.752520.858520.964521.070521.1765
Woodie19.124219.508020.280420.664221.436621.820422.5928
Fibonacci19.443219.884820.157720.599421.041021.313921.7556

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): 61.25
MACD (12,26,9): 0.1854
Directional Movement: 15.8310
AROON (14): 64.2857
DEMA (21): 20.6735
Parabolic SAR (0,02-0,02-0,2): 20.4987
Elder Ray (13): 0.1465
Super Trend (3,10): 20.0281
Zig ZAG (10): 20.8161
VORTEX (21): 1.0773
Stochastique (14,3,5): 69.95
TEMA (21): 20.7953
Williams %R (14): -18.09
Chande Momentum Oscillator (20): 0.8821
Repulse (5,40,3): 1.2285
ROCnROLL: 1
TRIX (15,9): 0.1032
Courbe Coppock: 6.02
MA7: 20.6866
MA20: 20.3638
MA50: 20.1287
MA100: 20.3031
MAexp7: 20.6781
MAexp20: 20.4494
MAexp50: 20.2954
MAexp100: 20.4830
Price / MA7: +0.75%
Price / MA20: +2.35%
Price / MA50: +3.54%
Price / MA100: +2.65%
Price / MAexp7: +0.79%
Price / MAexp20: +1.92%
Price / MAexp50: +2.69%
Price / MAexp100: +1.75%

Quotes : 2021-03-03 15:26:40 - Real time data - Forex

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

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