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 11/25/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 21.3132 MXN

My targets

21.9263 MXN (+0.3929)

23.0583 MXN (+1.5249)

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 21.3132 MXN. The buyers' bullish objective is set at 21.9263 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.0583 MXN. If there is any crossing, the next objective would be the resistance located at 25.3263 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

9.1

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 Clay707. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/MXN price is 21.5334 MXN. The price has increased by +0.54% since the last closing with the lowest point at 21.3600 MXN and the highest point at 21.5734 MXN. The deviation from the price is +0.81% for the low point and -0.19% for the high point.

21.3600

21.5734

21.5334

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of USD/MXN in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

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:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.6449	20.8588	21.4993	21.5334	21.9263	23.0583	25.3263
Change (%)	-4.13%	-3.13%	-0.16%	-	+1.82%	+7.08%	+17.61%
Change	-0.8885	-0.6746	-0.0341	-	+0.3929	+1.5249	+3.7929
Level	Major	Major	Intermediate	-	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
Standard	20.8040	21.0060	21.2118	21.4138	21.6196	21.8216	22.0274
Camarilla	21.3056	21.3429	21.3803	21.4177	21.4551	21.4925	21.5299
Woodie	20.8060	21.0070	21.2138	21.4148	21.6216	21.8226	22.0294
Fibonacci	21.0060	21.1618	21.2580	21.4138	21.5696	21.6658	21.8216

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.1612	20.3154	20.5813	20.7355	21.0014	21.1556	21.4215
Camarilla	20.7316	20.7701	20.8086	20.8471	20.8856	20.9241	20.9626
Woodie	20.2170	20.3433	20.6371	20.7634	21.0572	21.1835	21.4773
Fibonacci	20.3154	20.4759	20.5751	20.7355	20.8960	20.9952	21.1556

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

Technical indicators

Moving averages

RSI (14):	74.75
MACD (12,26,9):	0.2317
Directional Movement:	28.3545
AROON (14):	78.5714
DEMA (21):	21.0869
Parabolic SAR (0,02-0,02-0,2):	20.6182
Elder Ray (13):	0.4928
Super Trend (3,10):	20.7069
Zig ZAG (10):	21.5364
VORTEX (21):	1.2287
Stochastique (14,3,5):	91.76
TEMA (21):	21.2364
Williams %R (14):	-6.47
Chande Momentum Oscillator (20):	1.2044
Repulse (5,40,3):	2.3806
ROCnROLL:	1
TRIX (15,9):	0.0906
Courbe Coppock:	5.85

MA7:	21.0726
MA20:	20.7456
MA50:	20.5197
MA100:	20.2649
MAexp7:	21.1547
MAexp20:	20.8232
MAexp50:	20.5620
MAexp100:	20.3820
Price / MA7:	+2.19%
Price / MA20:	+3.80%
Price / MA50:	+4.94%
Price / MA100:	+6.26%
Price / MAexp7:	+1.79%
Price / MAexp20:	+3.41%
Price / MAexp50:	+4.72%
Price / MAexp100:	+5.65%

Quotes : - Real time data - Forex

News

The last news published on USD/MXN at the time of the generation of this analysis was as follows:

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

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