USD/MXN - 1H - Technical analysis published on 11/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
17%
44%
39%
My opinion
Neutral between 20.6930 MXN and 20.8044 MXN
My targets
-
My analysis
The short-term decline on USD/MXN remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 20.6930 MXN. The first resistance is located at 20.8044 MXN. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.
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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 rating is 20.7256 MXN. On the day, this instrument lost -0.24% and was between 20.7147 MXN and 20.7879 MXN. This implies that the price is at +0.05% from its lowest and at -0.30% from its highest.20.7147
20.7879
20.7256
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/MXN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of USD/MXN indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 8 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle 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 | 20.4511 | 20.6449 | 20.6930 | 20.7256 | 20.8044 | 20.8588 | 21.4993 |
| Change (%) | -1.32% | -0.39% | -0.16% | - | +0.38% | +0.64% | +3.73% |
| Change | -0.2745 | -0.0807 | -0.0326 | - | +0.0788 | +0.1332 | +0.7737 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.3923 | 20.5143 | 20.6450 | 20.7670 | 20.8977 | 21.0197 | 21.1504 |
| Camarilla | 20.7061 | 20.7293 | 20.7524 | 20.7756 | 20.7988 | 20.8219 | 20.8451 |
| Woodie | 20.3966 | 20.5165 | 20.6493 | 20.7692 | 20.9020 | 21.0219 | 21.1547 |
| Fibonacci | 20.5143 | 20.6109 | 20.6705 | 20.7670 | 20.8636 | 20.9232 | 21.0197 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.8059 | 20.0287 | 20.2773 | 20.5001 | 20.7487 | 20.9715 | 21.2201 |
| Camarilla | 20.3964 | 20.4396 | 20.4828 | 20.5260 | 20.5692 | 20.6124 | 20.6556 |
| Woodie | 19.8189 | 20.0352 | 20.2903 | 20.5066 | 20.7617 | 20.9780 | 21.2331 |
| Fibonacci | 20.0287 | 20.2087 | 20.3200 | 20.5001 | 20.6801 | 20.7914 | 20.9715 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.3691 | 19.7440 | 20.1537 | 20.5286 | 20.9383 | 21.3132 | 21.7229 |
| Camarilla | 20.3477 | 20.4197 | 20.4916 | 20.5635 | 20.6354 | 20.7073 | 20.7793 |
| Woodie | 19.3866 | 19.7527 | 20.1712 | 20.5373 | 20.9558 | 21.3219 | 21.7404 |
| Fibonacci | 19.7440 | 20.0437 | 20.2289 | 20.5286 | 20.8283 | 21.0135 | 21.3132 |
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): | 48.08 | |
| MACD (12,26,9): | 0.0086 | |
| Directional Movement: | -2.4882 | |
| AROON (14): | 28.5714 | |
| DEMA (21): | 20.7712 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.8032 | |
| Elder Ray (13): | -0.0153 | |
| Super Trend (3,10): | 20.6994 | |
| Zig ZAG (10): | 20.7431 | |
| VORTEX (21): | 1.0585 | |
| Stochastique (14,3,5): | 39.20 | |
| TEMA (21): | 20.7655 | |
| Williams %R (14): | -87.80 | |
| Chande Momentum Oscillator (20): | -0.0190 | |
| Repulse (5,40,3): | -0.0985 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0113 | |
| Courbe Coppock: | 0.13 |
| MA7: | 20.6726 | |
| MA20: | 20.5341 | |
| MA50: | 20.4055 | |
| MA100: | 20.2098 | |
| MAexp7: | 20.7555 | |
| MAexp20: | 20.7558 | |
| MAexp50: | 20.7310 | |
| MAexp100: | 20.6889 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | +1.57% | |
| Price / MA100: | +2.55% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | +0.18% |
Quotes :
-
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 June 11, 2021
-
USD/MXN Forecast September 15, 2020
-
USD/MXN Forecast September 14, 2020
-
USD/MXN Forecast September 9, 2020
-
USD/MXN Forecast August 21, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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