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 12/07/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 20.8588 MXN

My targets

21.4993 MXN (+0.2983)

21.9263 MXN (+0.7253)

My analysis

USD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 20.8588 MXN. The next resistance located at 21.4993 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 21.9263 MXN. After this resistance, buyers could then target 23.0583 MXN. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

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

USD/MXN rating 21.2010 MXN. The price is lower by -0.18% since the last closing with the lowest point at 21.1861 MXN and the highest point at 21.2660 MXN. The deviation from the price is +0.07% for the low point and -0.31% for the high point.

21.1861

21.2660

21.2010

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

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Daily chart of USD/MXN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	20.3655	20.6449	20.8588	21.2010	21.4993	21.9263	23.0583
Change (%)	-3.94%	-2.62%	-1.61%	-	+1.41%	+3.42%	+8.76%
Change	-0.8355	-0.5561	-0.3422	-	+0.2983	+0.7253	+1.8573
Level	Minor	Intermediate	Intermediate	-	Intermediate	Major	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	21.0163	21.0939	21.1663	21.2439	21.3163	21.3939	21.4663
Camarilla	21.1974	21.2111	21.2249	21.2386	21.2524	21.2661	21.2799
Woodie	21.0136	21.0926	21.1636	21.2426	21.3136	21.3926	21.4636
Fibonacci	21.0939	21.1512	21.1866	21.2439	21.3012	21.3366	21.3939

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.0910	18.3954	19.5467	20.8511	22.0024	23.3068	24.4581
Camarilla	20.0228	20.2479	20.4730	20.6981	20.9232	21.1483	21.3734
Woodie	17.0146	18.3571	19.4703	20.8128	21.9260	23.2685	24.3817
Fibonacci	18.3954	19.3334	19.9130	20.8511	21.7891	22.3687	23.3068

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.7895	18.9542	19.8261	20.9908	21.8627	23.0274	23.8993
Camarilla	20.1380	20.3247	20.5114	20.6981	20.8848	21.0715	21.2582
Woodie	17.6432	18.8810	19.6798	20.9176	21.7164	22.9542	23.7530
Fibonacci	18.9542	19.7322	20.2128	20.9908	21.7688	22.2494	23.0274

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):	53.45
MACD (12,26,9):	0.1059
Directional Movement:	14.8739
AROON (14):	7.1429
DEMA (21):	21.1929
Parabolic SAR (0,02-0,02-0,2):	19.7488
Elder Ray (13):	0.1587
Super Trend (3,10):	19.5090
Zig ZAG (10):	21.1967
VORTEX (21):	1.1242
Stochastique (14,3,5):	54.76
TEMA (21):	21.1542
Williams %R (14):	-38.98
Chande Momentum Oscillator (20):	-0.0683
Repulse (5,40,3):	-1.7665
ROCnROLL:	1
TRIX (15,9):	0.1241
Courbe Coppock:	2.07

MA7:	21.0103
MA20:	21.0801
MA50:	20.7228
MA100:	20.3878
MAexp7:	21.0525
MAexp20:	21.0211
MAexp50:	20.7674
MAexp100:	20.5302
Price / MA7:	+0.91%
Price / MA20:	+0.57%
Price / MA50:	+2.31%
Price / MA100:	+3.99%
Price / MAexp7:	+0.71%
Price / MAexp20:	+0.86%
Price / MAexp50:	+2.09%
Price / MAexp100:	+3.27%

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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