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USD/MXN
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 05/18/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 20.2631 MXN
My targets
19.8617 MXN (-0.1087)
19.6110 MXN (-0.3594)
My analysis
The bearish basic trend is very strong on USD/MXN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 20.2631 MXN. Crossing the first support at 19.8617 MXN would be a sign of a further potential price plummet. Sellers would then use the next support located at 19.6110 MXN as an objective. Crossing it would then enable sellers to target 18.7482 MXN. Caution, a return to above the resistance located at 20.2631 MXN would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3

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.

Clay707
This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The USD/MXN price is 19.9704 MXN. The price registered an increase of +0.14% on the session and was traded between 19.8713 MXN and 20.0018 MXN over the period. The price is currently at +0.50% from its lowest and -0.16% from its highest.

19.8713
20.0018
19.9704

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.

Central Gaps

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:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this USD/MXN chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.7482 19.6110 19.8617 19.9704 20.0448 20.8600 21.3662
Change (%) -6.12% -1.80% -0.54% - +0.37% +4.45% +6.99%
Change -1.2222 -0.3594 -0.1087 - +0.0744 +0.8896 +1.3958
Level Minor Major Intermediate - Minor Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.769219.843319.892519.966620.015820.089920.1391
Camarilla19.907719.919019.930319.941619.952919.964219.9755
Woodie19.756719.837119.880019.960420.003320.083720.1266
Fibonacci19.843319.890419.919519.966620.013720.042820.0899


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.569319.823619.965620.219920.361920.616220.7582
Camarilla19.998720.035120.071420.107720.144020.180420.2167
Woodie19.513319.795519.909620.191820.305920.588120.7022
Fibonacci19.823619.975020.068520.219920.371320.464820.6162


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.974219.350419.886920.263120.799621.175821.7123
Camarilla20.172520.256220.339820.423520.507220.590820.6745
Woodie19.054519.390519.967220.303220.879921.215921.7926
Fibonacci19.350419.699019.914420.263120.611720.827121.1758

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): 42.99
MACD (12,26,9): -0.0353
Directional Movement: -9.5029
AROON (14): -100.0000
DEMA (21): 20.1292
Parabolic SAR (0,02-0,02-0,2): 20.5082
Elder Ray (13): -0.2091
Super Trend (3,10): 19.8240
Zig ZAG (10): 19.9979
VORTEX (21): 1.0174
Stochastique (14,3,5): 9.14
TEMA (21): 20.1228
Williams %R (14): -79.76
Chande Momentum Oscillator (20): -0.4616
Repulse (5,40,3): -0.5109
ROCnROLL: 2
TRIX (15,9): 0.0070
Courbe Coppock: 1.95
MA7: 20.1386
MA20: 20.2393
MA50: 20.1989
MA100: 20.3724
MAexp7: 20.0890
MAexp20: 20.1621
MAexp50: 20.2311
MAexp100: 20.3253
Price / MA7: -0.84%
Price / MA20: -1.33%
Price / MA50: -1.13%
Price / MA100: -1.97%
Price / MAexp7: -0.59%
Price / MAexp20: -0.95%
Price / MAexp50: -1.29%
Price / MAexp100: -1.75%

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.

About author

Londinia
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