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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 07/18/2023 (GMT)

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Londinia
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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 17.0800 MXN
My targets
16.1545 MXN (-0.5726)
15.5473 MXN (-1.1798)
My analysis
The bearish trend is currently very strong for USD/MXN. As long as the price remains below the resistance at 17.0800 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 16.1545 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 15.5473 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
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.

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 rating is 16.7271 MXN. On the day, this instrument lost -0.01% with the lowest point at 16.7061 MXN and the highest point at 16.7356 MXN. The deviation from the price is +0.13% for the low point and -0.05% for the high point.

16.7061
16.7356
16.7271

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 Central Records scanner for higher/lower results shows the following items:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of USD/MXN in Daily shows a overall strongly 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 scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish doji star

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.4955 14.3324 15.5473 16.7271 17.0800 17.9620 19.1515
Change (%) -31.28% -14.32% -7.05% - +2.11% +7.38% +14.49%
Change -5.2316 -2.3947 -1.1798 - +0.3529 +1.2349 +2.4244
Level Minor Intermediate Intermediate - Major Intermediate Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.466016.586316.657716.778016.849416.969717.0411
Camarilla16.676316.693916.711416.729016.746616.764216.7817
Woodie16.441516.574116.633216.765816.824916.957517.0166
Fibonacci16.586316.659616.704816.778016.851316.896516.9697


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.128616.422216.587116.880717.045617.339217.5041
Camarilla16.626016.668016.710116.752116.794116.836216.8782
Woodie16.064416.390016.522916.848516.981417.307017.4399
Fibonacci16.422216.597316.705516.880717.055817.164017.3392


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.154516.589516.858017.293017.561517.996518.2650
Camarilla16.933116.997617.062117.126617.191117.255617.3201
Woodie16.071416.547916.774917.251417.478417.954918.1819
Fibonacci16.589516.858217.024217.293017.561717.727717.9965

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): 26.98
MACD (12,26,9): -0.1525
Directional Movement: -10.7252
AROON (14): -50.0000
DEMA (21): 16.8138
Parabolic SAR (0,02-0,02-0,2): 17.3082
Elder Ray (13): -0.2120
Super Trend (3,10): 17.1753
Zig ZAG (10): 16.7208
VORTEX (21): 0.8827
Stochastique (14,3,5): 3.49
TEMA (21): 16.7926
Williams %R (14): -98.25
Chande Momentum Oscillator (20): -0.4086
Repulse (5,40,3): -1.3440
ROCnROLL: 2
TRIX (15,9): -0.1067
Courbe Coppock: 3.03
MA7: 16.8642
MA20: 17.0309
MA50: 17.3136
MA100: 17.7568
MAexp7: 16.8415
MAexp20: 17.0116
MAexp50: 17.2991
MAexp100: 17.7117
Price / MA7: -0.81%
Price / MA20: -1.78%
Price / MA50: -3.39%
Price / MA100: -5.80%
Price / MAexp7: -0.68%
Price / MAexp20: -1.67%
Price / MAexp50: -3.31%
Price / MAexp100: -5.56%

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
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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