USD/MXN

- MXN (-)

- Real time data - Forex

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Type:	Forex
Ticker:	USDMXN
ISIN:

USD/MXN - Daily - Technical analysis published on 05/11/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 20.5594 MXN

My targets

19.8219 MXN (-0.0977)

19.5830 MXN (-0.3366)

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 20.5594 MXN. The sellers' bearish objective is set at 19.8219 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.5830 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

5.9

Comment on the analysis

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:

Additional analysis

Quotes

The USD/MXN rating is 19.9196 MXN. On the day, this instrument gained +0.03% and was between 19.9060 MXN and 19.9692 MXN. This implies that the price is at +0.07% from its lowest and at -0.25% from its highest.

19.9060

19.9692

19.9196

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

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

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of USD/MXN indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

On the 18 technical indicators analysed, 6 are bullish, 5 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Support of channel is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.5371	19.5830	19.8219	19.9196	20.8574	21.4993	21.9263
Change (%)	-6.94%	-1.69%	-0.49%	-	+4.71%	+7.93%	+10.07%
Change	-1.3825	-0.3366	-0.0977	-	+0.9378	+1.5797	+2.0067
Level	Major	Major	Intermediate	-	Major	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
Standard	19.7644	19.8116	19.8632	19.9104	19.9620	20.0092	20.0608
Camarilla	19.8875	19.8966	19.9056	19.9147	19.9238	19.9328	19.9419
Woodie	19.7665	19.8127	19.8653	19.9115	19.9641	20.0103	20.0629
Fibonacci	19.8116	19.8494	19.8727	19.9104	19.9482	19.9715	20.0092

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.2706	19.5647	19.7395	20.0336	20.2084	20.5025	20.6773
Camarilla	19.7854	19.8283	19.8713	19.9143	19.9573	20.0003	20.0433
Woodie	19.2110	19.5349	19.6799	20.0038	20.1488	20.4727	20.6177
Fibonacci	19.5647	19.7438	19.8545	20.0336	20.2127	20.3234	20.5025

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.1332	19.4588	19.8463	20.1719	20.5594	20.8850	21.2725
Camarilla	20.0377	20.1031	20.1684	20.2338	20.2992	20.3645	20.4299
Woodie	19.1642	19.4743	19.8773	20.1874	20.5904	20.9005	21.3035
Fibonacci	19.4588	19.7312	19.8995	20.1719	20.4443	20.6126	20.8850

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):	42.57
MACD (12,26,9):	-0.0689
Directional Movement:	-5.9508
AROON (14):	42.8571
DEMA (21):	19.9595
Parabolic SAR (0,02-0,02-0,2):	20.3091
Elder Ray (13):	-0.0957
Super Trend (3,10):	20.3450
Zig ZAG (10):	19.9231
VORTEX (21):	0.9536
Stochastique (14,3,5):	23.11
TEMA (21):	19.9773
Williams %R (14):	-77.23
Chande Momentum Oscillator (20):	0.0857
Repulse (5,40,3):	-0.8330
ROCnROLL:	2
TRIX (15,9):	-0.0634
Courbe Coppock:	1.13

MA7:	20.0719
MA20:	20.0004
MA50:	20.3598
MA100:	20.2361
MAexp7:	20.0076
MAexp20:	20.0673
MAexp50:	20.1977
MAexp100:	20.3477
Price / MA7:	-0.76%
Price / MA20:	-0.40%
Price / MA50:	-2.16%
Price / MA100:	-1.56%
Price / MAexp7:	-0.44%
Price / MAexp20:	-0.73%
Price / MAexp50:	-1.37%
Price / MAexp100:	-2.10%

Quotes : - Real time data - Forex

News

The latest news and videos published on USD/MXN at the time of the analysis were as follows:

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

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