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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 09/19/2022 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 20.1880 MXN
My targets
19.8238 MXN (-0.2057)
19.6110 MXN (-0.4185)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 20.1880 MXN remains possible. It is advisable to trade USD/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 20.1880 MXN. The next bearish objective for sellers is set at 19.8238 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.6110 MXN. In case of crossing, the next objective would be the support located at 18.5470 MXN. PS: if there is a bullish break in the resistance located at 20.1880 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1

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.

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

Additional analysis

Quotes

The USD/MXN price is 20.0295 MXN. The price is lower by -0.01% since the last closing with the lowest point at 20.0180 MXN and the highest point at 20.0352 MXN. The deviation from the price is +0.06% for the low point and -0.03% for the high point.

20.0180
20.0352
20.0295

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

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


Technical analysis of this Daily chart of USD/MXN indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily



The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.5470 19.6110 19.8238 20.0295 20.0434 20.1880 20.4583
Change (%) -7.40% -2.09% -1.03% - +0.07% +0.79% +2.14%
Change -1.4825 -0.4185 -0.2057 - +0.0139 +0.1585 +0.4288
Level Minor Major Intermediate - Intermediate Intermediate Intermediate



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
Standard19.987620.005420.018020.035820.048420.066220.0788
Camarilla20.022220.025020.027820.030620.033420.036220.0390
Woodie19.985020.004120.015420.034520.045820.064920.0762
Fibonacci20.005420.017020.024220.035820.047420.054620.0662


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.396819.574719.805619.983520.214420.392320.6232
Camarilla19.924019.961519.998920.036420.073920.111420.1488
Woodie19.423219.588019.832019.996820.240820.405620.6496
Fibonacci19.574719.730919.827419.983520.139720.236220.3923


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.710119.260919.726620.277420.743121.293921.7596
Camarilla19.912720.005820.099020.192220.285420.378620.4717
Woodie18.667519.239619.684020.256120.700521.272621.7170
Fibonacci19.260919.649219.889120.277420.665720.905621.2939

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): 48.59
MACD (12,26,9): -0.0363
Directional Movement: 4.0405
AROON (14): -50.0000
DEMA (21): 19.9756
Parabolic SAR (0,02-0,02-0,2): 19.7689
Elder Ray (13): 0.0082
Super Trend (3,10): 20.3856
Zig ZAG (10): 20.0296
VORTEX (21): 0.9719
Stochastique (14,3,5): 51.56
TEMA (21): 19.9935
Williams %R (14): -49.02
Chande Momentum Oscillator (20): 0.0779
Repulse (5,40,3): -0.0356
ROCnROLL: -1
TRIX (15,9): -0.0404
Courbe Coppock: 0.49
MA7: 20.0054
MA20: 20.0164
MA50: 20.2023
MA100: 20.1406
MAexp7: 20.0194
MAexp20: 20.0341
MAexp50: 20.1125
MAexp100: 20.1759
Price / MA7: +0.12%
Price / MA20: +0.07%
Price / MA50: -0.86%
Price / MA100: -0.55%
Price / MAexp7: +0.05%
Price / MAexp20: -0.02%
Price / MAexp50: -0.41%
Price / MAexp100: -0.72%

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.

About author

Londinia
Londinia AI

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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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