USD/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	USDMXN
ISIN:

USD/MXN - Weekly - Technical analysis published on 03/06/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

56%

22%

My opinion

Bullish above 20.1580 MXN

My targets

21.4263 MXN (+0.5017)

21.9263 MXN (+1.0017)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on USD/MXN. This is a positive signal for buyers. As long as the price remains above 20.1580 MXN, a purchase could be considered. The first bullish objective is located at 21.4263 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 21.9263 MXN as an objective. Crossing it would then enable buyers to target 23.0583 MXN. In the event of a return below 20.1580 MXN, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

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 fmaia54. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The USD/MXN price is 20.9246 MXN. Over 5 days, this instrument gained +2.82% with the lowest point at 20.5787 MXN and the highest point at 20.9715 MXN. The deviation from the price is +1.68% for the low point and -0.22% for the high point.

20.5787

20.9715

20.9246

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

Here is a more detailed summary of the historical variations registered by USD/MXN:

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 this Weekly chart of USD/MXN indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Weekly

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Weekly

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

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 : Weekly

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	18.5173	19.6110	20.1580	20.9246	21.9263	23.0583	25.3263
Change (%)	-11.50%	-6.28%	-3.66%	-	+4.79%	+10.20%	+21.04%
Change	-2.4073	-1.3136	-0.7666	-	+1.0017	+2.1337	+4.4017
Level	Intermediate	Major	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	20.4129	20.5278	20.7416	20.8565	21.0703	21.1852	21.3990
Camarilla	20.8649	20.8950	20.9252	20.9553	20.9854	21.0156	21.0457
Woodie	20.4623	20.5525	20.7910	20.8812	21.1197	21.2099	21.4484
Fibonacci	20.5278	20.6534	20.7310	20.8565	20.9821	21.0597	21.1852

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.8727	20.0957	20.5255	20.7485	21.1783	21.4013	21.8311
Camarilla	20.7758	20.8356	20.8955	20.9553	21.0151	21.0750	21.1348
Woodie	19.9761	20.1474	20.6289	20.8002	21.2817	21.4530	21.9345
Fibonacci	20.0957	20.3451	20.4991	20.7485	20.9979	21.1519	21.4013

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.5288	19.8430	20.1613	20.4755	20.7938	21.1080	21.4263
Camarilla	20.3058	20.3637	20.4217	20.4797	20.5377	20.5957	20.6536
Woodie	19.5310	19.8440	20.1635	20.4765	20.7960	21.1090	21.4285
Fibonacci	19.8430	20.0846	20.2339	20.4755	20.7171	20.8664	21.1080

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.25
MACD (12,26,9):	0.0582
Directional Movement:	12.4938
AROON (14):	-92.8571
DEMA (21):	20.6608
Parabolic SAR (0,02-0,02-0,2):	20.9804
Elder Ray (13):	0.0496
Super Trend (3,10):	19.8587
Zig ZAG (10):	20.9553
VORTEX (21):	0.9931
Stochastique (14,3,5):	18.72
TEMA (21):	20.6637
Williams %R (14):	-56.55
Chande Momentum Oscillator (20):	0.0731
Repulse (5,40,3):	2.0272
ROCnROLL:	1
TRIX (15,9):	0.0694
Courbe Coppock:	2.55

MA7:	20.6134
MA20:	20.4832
MA50:	20.5129
MA100:	20.6575
MAexp7:	20.6031
MAexp20:	20.5676
MAexp50:	20.4976
MAexp100:	20.4477
Price / MA7:	+1.51%
Price / MA20:	+2.15%
Price / MA50:	+2.01%
Price / MA100:	+1.29%
Price / MAexp7:	+1.56%
Price / MAexp20:	+1.74%
Price / MAexp50:	+2.09%
Price / MAexp100:	+2.33%

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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