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

USD/MXN - 1H - Technical analysis published on 04/19/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 19.9453 MXN
My targets
19.7899 MXN (-0.1067)
19.5830 MXN (-0.3136)
My analysis
USD/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 19.9453 MXN. The next support located at 19.7899 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 19.5830 MXN. Below this support, sellers could then target 18.5371 MXN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
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. Daily Weekly

Additional analysis

Quotes

The USD/MXN price is 19.8966 MXN. On the day, this instrument lost -0.11% and was traded between 19.8890 MXN and 19.9417 MXN over the period. The price is currently at +0.04% from its lowest and -0.23% from its highest.

19.8890
19.9417
19.8966

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of USD/MXN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

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 : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 14.3324 18.5371 19.5830 19.8966 19.9003 19.9453 19.9930
Change (%) -27.97% -6.83% -1.58% - +0.02% +0.24% +0.48%
Change -5.5642 -1.3595 -0.3136 - +0.0037 +0.0487 +0.0964
Level Intermediate Major Major - Intermediate Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.771719.830819.874719.933819.977720.036820.0807
Camarilla19.890219.899619.909119.918519.927919.937419.9468
Woodie19.764019.827019.867019.930019.970020.033020.0730
Fibonacci19.830819.870219.894519.933819.973219.997520.0368


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.432619.661319.789920.018620.147220.375920.5045
Camarilla19.820219.853019.885819.918519.951319.984020.0168
Woodie19.382619.636319.739919.993620.097220.350920.4545
Fibonacci19.661319.797819.882120.018620.155120.239420.3759


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.576719.428819.932020.784121.287322.139422.6426
Camarilla20.062420.186620.310920.435120.559320.683620.8078
Woodie18.402219.341619.757520.696921.112822.052222.4681
Fibonacci19.428819.946620.266420.784121.301921.621722.1394

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 40.46
MACD (12,26,9): -0.0123
Directional Movement: -5.7535
AROON (14): 71.4286
DEMA (21): 19.9062
Parabolic SAR (0,02-0,02-0,2): 19.9357
Elder Ray (13): -0.0106
Super Trend (3,10): 19.9678
Zig ZAG (10): 19.9075
VORTEX (21): 0.9711
Stochastique (14,3,5): 28.47
TEMA (21): 19.9100
Williams %R (14): -67.86
Chande Momentum Oscillator (20): -0.0168
Repulse (5,40,3): -0.0188
ROCnROLL: 2
TRIX (15,9): -0.0089
Courbe Coppock: 0.10
MA7: 20.0351
MA20: 20.3130
MA50: 20.4745
MA100: 20.2291
MAexp7: 19.9092
MAexp20: 19.9235
MAexp50: 19.9564
MAexp100: 20.0071
Price / MA7: -0.69%
Price / MA20: -2.05%
Price / MA50: -2.82%
Price / MA100: -1.64%
Price / MAexp7: -0.06%
Price / MAexp20: -0.14%
Price / MAexp50: -0.30%
Price / MAexp100: -0.55%

Quotes : - 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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