USD/MXN - 1H - Technical analysis published on 01/30/2023 (GMT)
- 123
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 18.7884 MXN
My targets
18.7161 MXN (-0.0467)
18.5470 MXN (-0.2158)
My analysis
The bearish trend is currently very strong for USD/MXN. As long as the price remains below the resistance at 18.7884 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 18.7161 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.5470 MXN as an objective. Crossing it would then enable sellers to target 14.3324 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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
The USD/MXN rating is 18.7628 MXN. The price is lower by -0.01% since the last closing and was traded between 18.7512 MXN and 18.8120 MXN over the period. The price is currently at +0.06% from its lowest and -0.26% from its highest.18.7512
18.8120
18.7628
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:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this USD/MXN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.3324 | 18.5470 | 18.7161 | 18.7628 | 18.7884 | 18.8963 | 19.0216 |
| Change (%) | -23.61% | -1.15% | -0.25% | - | +0.14% | +0.71% | +1.38% |
| Change | -4.4304 | -0.2158 | -0.0467 | - | +0.0256 | +0.1335 | +0.2588 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Minor |
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 | 18.5980 | 18.6571 | 18.7107 | 18.7698 | 18.8234 | 18.8825 | 18.9361 |
| Camarilla | 18.7334 | 18.7437 | 18.7541 | 18.7644 | 18.7747 | 18.7851 | 18.7954 |
| Woodie | 18.5954 | 18.6557 | 18.7081 | 18.7684 | 18.8208 | 18.8811 | 18.9335 |
| Fibonacci | 18.6571 | 18.7001 | 18.7267 | 18.7698 | 18.8128 | 18.8394 | 18.8825 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.4790 | 18.5975 | 18.6810 | 18.7995 | 18.8830 | 19.0015 | 19.0850 |
| Camarilla | 18.7089 | 18.7274 | 18.7459 | 18.7644 | 18.7829 | 18.8014 | 18.8200 |
| Woodie | 18.4614 | 18.5888 | 18.6634 | 18.7908 | 18.8654 | 18.9928 | 19.0674 |
| Fibonacci | 18.5975 | 18.6747 | 18.7224 | 18.7995 | 18.8767 | 18.9244 | 19.0015 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.2930 | 18.7002 | 19.1041 | 19.5113 | 19.9152 | 20.3224 | 20.7263 |
| Camarilla | 19.2850 | 19.3593 | 19.4337 | 19.5080 | 19.5824 | 19.6567 | 19.7311 |
| Woodie | 18.2914 | 18.6994 | 19.1025 | 19.5105 | 19.9136 | 20.3216 | 20.7247 |
| Fibonacci | 18.7002 | 19.0100 | 19.2015 | 19.5113 | 19.8211 | 20.0126 | 20.3224 |
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): | 43.33 | |
| MACD (12,26,9): | -0.0025 | |
| Directional Movement: | 3.4608 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 18.7739 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.8120 | |
| Elder Ray (13): | -0.0038 | |
| Super Trend (3,10): | 18.8029 | |
| Zig ZAG (10): | 18.7631 | |
| VORTEX (21): | 0.9966 | |
| Stochastique (14,3,5): | 33.55 | |
| TEMA (21): | 18.7755 | |
| Williams %R (14): | -80.26 | |
| Chande Momentum Oscillator (20): | -0.0105 | |
| Repulse (5,40,3): | -0.1331 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0012 | |
| Courbe Coppock: | 0.03 |
| MA7: | 18.8013 | |
| MA20: | 18.9476 | |
| MA50: | 19.2971 | |
| MA100: | 19.5836 | |
| MAexp7: | 18.7741 | |
| MAexp20: | 18.7772 | |
| MAexp50: | 18.7846 | |
| MAexp100: | 18.7961 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.98% | |
| Price / MA50: | -2.77% | |
| Price / MA100: | -4.19% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.18% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on USD/MXN at the time of the analysis were as follows:
-
USD/MXN and USD/ZAR Forecast May 16, 2022
-
USD/MXN and USD/ZAR Forecast April 20, 2022
-
USD/ZAR and USD/MXN Forecast February 23, 2022
-
USD/MXN Forecast January 13, 2022
-
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
Online
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…
Add a comment
Comments
0 comments on the analysis USD/MXN - 1H