USD/MXN - 1H - Technical analysis published on 08/25/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 19.9517 MXN
My targets
19.8786 MXN (-0.0396)
19.8238 MXN (-0.0944)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on USD/MXN. As long as you are under the resistance located at 19.9517 MXN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 19.8786 MXN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 19.8238 MXN as an objective. Crossing it would then enable sellers to target 19.6110 MXN. If the resistance 19.9517 MXN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/MXN rating is 19.9182 MXN. On the day, this instrument gained +0.00% and was between 19.8495 MXN and 19.9845 MXN. This implies that the price is at +0.35% from its lowest and at -0.33% from its highest.19.8495
19.9845
19.9182
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of USD/MXN in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.6110 | 19.8238 | 19.8786 | 19.9182 | 19.9517 | 20.0100 | 20.0914 |
| Change (%) | -1.54% | -0.47% | -0.20% | - | +0.17% | +0.46% | +0.87% |
| Change | -0.3072 | -0.0944 | -0.0396 | - | +0.0335 | +0.0918 | +0.1732 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.7287 | 19.8037 | 19.8611 | 19.9361 | 19.9935 | 20.0685 | 20.1259 |
| Camarilla | 19.8822 | 19.8943 | 19.9065 | 19.9186 | 19.9307 | 19.9429 | 19.9550 |
| Woodie | 19.7200 | 19.7993 | 19.8524 | 19.9317 | 19.9848 | 20.0641 | 20.1172 |
| Fibonacci | 19.8037 | 19.8542 | 19.8855 | 19.9361 | 19.9866 | 20.0179 | 20.0685 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.4445 | 19.6281 | 19.8998 | 20.0834 | 20.3551 | 20.5387 | 20.8104 |
| Camarilla | 20.0462 | 20.0879 | 20.1297 | 20.1714 | 20.2131 | 20.2549 | 20.2966 |
| Woodie | 19.4885 | 19.6501 | 19.9438 | 20.1054 | 20.3991 | 20.5607 | 20.8544 |
| Fibonacci | 19.6281 | 19.8021 | 19.9095 | 20.0834 | 20.2574 | 20.3648 | 20.5387 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0073 | 19.5550 | 19.9585 | 20.5062 | 20.9097 | 21.4574 | 21.8609 |
| Camarilla | 20.1004 | 20.1876 | 20.2748 | 20.3620 | 20.4492 | 20.5364 | 20.6236 |
| Woodie | 18.9352 | 19.5190 | 19.8864 | 20.4702 | 20.8376 | 21.4214 | 21.7888 |
| Fibonacci | 19.5550 | 19.9184 | 20.1428 | 20.5062 | 20.8696 | 21.0940 | 21.4574 |
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): | 51.19 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 5.1922 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 19.9083 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.8967 | |
| Elder Ray (13): | 0.0087 | |
| Super Trend (3,10): | 19.8634 | |
| Zig ZAG (10): | 19.9219 | |
| VORTEX (21): | 1.0099 | |
| Stochastique (14,3,5): | 54.84 | |
| TEMA (21): | 19.9310 | |
| Williams %R (14): | -44.74 | |
| Chande Momentum Oscillator (20): | 0.0622 | |
| Repulse (5,40,3): | -0.0470 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0057 | |
| Courbe Coppock: | 0.51 |
| MA7: | 20.0373 | |
| MA20: | 20.1566 | |
| MA50: | 20.2992 | |
| MA100: | 20.1590 | |
| MAexp7: | 19.9238 | |
| MAexp20: | 19.9131 | |
| MAexp50: | 19.9428 | |
| MAexp100: | 19.9856 | |
| Price / MA7: | -0.59% | |
| Price / MA20: | -1.18% | |
| Price / MA50: | -1.88% | |
| Price / MA100: | -1.19% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.34% |
Quotes :
-
Real time data
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Forex
News
The latest news and videos published on USD/MXN at the time of the analysis were as follows:
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USD/MXN and USD/ZAR Forecast May 16, 2022
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USD/MXN and USD/ZAR Forecast April 20, 2022
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USD/ZAR and USD/MXN Forecast February 23, 2022
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USD/MXN Forecast January 13, 2022
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USD/ZAR and USD/MXN Forecast January 3, 2022
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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