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 01/27/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 20.6321 MXN

My targets

20.8617 MXN (+0.1241)

21.2323 MXN (+0.4947)

My analysis

A bullish trend on USD/MXN both in substance and in the short term. A purchase could be considered as long as the price remains above 20.6321 MXN. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 20.8617 MXN. Then the price could move towards 21.2323 MXN. Then 21.9263 MXN by extension. Be careful, a return below 20.6321 MXN would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

5.4

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 20.7376 MXN. The price registered an increase of +0.11% on the session with the lowest point at 20.7079 MXN and the highest point at 20.8113 MXN. The deviation from the price is +0.14% for the low point and -0.35% for the high point.

20.7079

20.8113

20.7376

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

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

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of USD/MXN in Daily shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

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 this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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:

Near resistance of channel

Type : Bearish

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	19.8651	20.1632	20.6321	20.7376	20.8617	21.2323	21.9263
Change (%)	-4.21%	-2.77%	-0.51%	-	+0.60%	+2.39%	+5.73%
Change	-0.8725	-0.5744	-0.1055	-	+0.1241	+0.4947	+1.1887
Level	Intermediate	Minor	Major	-	Major	Minor	Major

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	20.3559	20.4531	20.5843	20.6815	20.8127	20.9099	21.0411
Camarilla	20.6526	20.6735	20.6945	20.7154	20.7363	20.7573	20.7782
Woodie	20.3728	20.4616	20.6012	20.6900	20.8296	20.9184	21.0580
Fibonacci	20.4531	20.5404	20.5943	20.6815	20.7688	20.8227	20.9099

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.0256	20.1517	20.3153	20.4414	20.6050	20.7311	20.8947
Camarilla	20.3992	20.4258	20.4523	20.4789	20.5055	20.5320	20.5586
Woodie	20.0444	20.1611	20.3341	20.4508	20.6238	20.7405	20.9135
Fibonacci	20.1517	20.2624	20.3307	20.4414	20.5521	20.6204	20.7311

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.8458	19.5862	20.0526	20.7930	21.2594	21.9998	22.4662
Camarilla	20.1872	20.2979	20.4085	20.5191	20.6297	20.7404	20.8510
Woodie	18.7089	19.5177	19.9157	20.7245	21.1225	21.9313	22.3293
Fibonacci	19.5862	20.0472	20.3320	20.7930	21.2540	21.5388	21.9998

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):	57.81
MACD (12,26,9):	-0.0203
Directional Movement:	12.6093
AROON (14):	50.0000
DEMA (21):	20.5063
Parabolic SAR (0,02-0,02-0,2):	20.3647
Elder Ray (13):	0.2031
Super Trend (3,10):	20.8196
Zig ZAG (10):	20.7448
VORTEX (21):	1.0432
Stochastique (14,3,5):	81.06
TEMA (21):	20.5575
Williams %R (14):	-13.16
Chande Momentum Oscillator (20):	0.3474
Repulse (5,40,3):	0.6363
ROCnROLL:	1
TRIX (15,9):	-0.0614
Courbe Coppock:	1.12

MA7:	20.5953
MA20:	20.4849
MA50:	20.8179
MA100:	20.6032
MAexp7:	20.6073
MAexp20:	20.5605
MAexp50:	20.6260
MAexp100:	20.5746
Price / MA7:	+0.69%
Price / MA20:	+1.23%
Price / MA50:	-0.39%
Price / MA100:	+0.65%
Price / MAexp7:	+0.63%
Price / MAexp20:	+0.86%
Price / MAexp50:	+0.54%
Price / MAexp100:	+0.79%

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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