USD/MXN

- MXN (-)

- Real time data - Forex

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Change:	-
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High / Low range:	-

Type:	Forex
Ticker:	USDMXN
ISIN:

USD/MXN - Daily - Technical analysis published on 09/01/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

67%

33%

My opinion

Neutral between 19.8238 MXN and 20.4583 MXN

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 19.8238 MXN. The first resistance is located at 20.4583 MXN. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

Additional analysis

Quotes

USD/MXN rating 20.1853 MXN. The price registered a decrease of -0.03% on the session and was traded between 20.1464 MXN and 20.2947 MXN over the period. The price is currently at +0.19% from its lowest and -0.54% from its highest.

20.1464

20.2947

20.1853

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 study of the highest / lowest by the Central Records scanner shows the following results:

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 slightly bearish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Near resistance of channel

Type : Bearish

Timeframe : Daily

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.6110	19.8238	20.1580	20.1853	20.4583	20.8077	21.3651
Change (%)	-2.85%	-1.79%	-0.14%	-	+1.35%	+3.08%	+5.84%
Change	-0.5743	-0.3615	-0.0273	-	+0.2730	+0.6224	+1.1798
Level	Major	Intermediate	Major	-	Intermediate	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.9405	20.0101	20.1012	20.1708	20.2619	20.3315	20.4226
Camarilla	20.1480	20.1627	20.1775	20.1922	20.2069	20.2217	20.2364
Woodie	19.9512	20.0155	20.1119	20.1762	20.2726	20.3369	20.4333
Fibonacci	20.0101	20.0715	20.1095	20.1708	20.2322	20.2702	20.3315

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.4418	19.6457	19.8391	20.0430	20.2364	20.4403	20.6337
Camarilla	19.9233	19.9598	19.9962	20.0326	20.0690	20.1054	20.1419
Woodie	19.4367	19.6431	19.8340	20.0404	20.2313	20.4377	20.6286
Fibonacci	19.6457	19.7974	19.8912	20.0430	20.1947	20.2885	20.4403

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.7101	19.2609	19.7266	20.2774	20.7431	21.2939	21.7596
Camarilla	19.9127	20.0058	20.0990	20.1922	20.2854	20.3786	20.4717
Woodie	18.6675	19.2396	19.6840	20.2561	20.7005	21.2726	21.7170
Fibonacci	19.2609	19.6492	19.8891	20.2774	20.6657	20.9056	21.2939

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):	51.70
MACD (12,26,9):	-0.0519
Directional Movement:	4.5312
AROON (14):	92.8571
DEMA (21):	20.0401
Parabolic SAR (0,02-0,02-0,2):	19.8585
Elder Ray (13):	0.1254
Super Trend (3,10):	20.4874
Zig ZAG (10):	20.1856
VORTEX (21):	0.9281
Stochastique (14,3,5):	77.81
TEMA (21):	20.0259
Williams %R (14):	-22.61
Chande Momentum Oscillator (20):	0.2772
Repulse (5,40,3):	0.4365
ROCnROLL:	-1
TRIX (15,9):	-0.0656
Courbe Coppock:	0.17

MA7:	20.0579
MA20:	20.0654
MA50:	20.2933
MA100:	20.1694
MAexp7:	20.1056
MAexp20:	20.1216
MAexp50:	20.1915
MAexp100:	20.2250
Price / MA7:	+0.64%
Price / MA20:	+0.60%
Price / MA50:	-0.53%
Price / MA100:	+0.08%
Price / MAexp7:	+0.40%
Price / MAexp20:	+0.32%
Price / MAexp50:	-0.03%
Price / MAexp100:	-0.20%

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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