USD/MXN - 1H - Technical analysis published on 07/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 18.3572 MXN
My targets
18.4318 MXN (+0.0301)
18.6954 MXN (+0.2937)
My analysis
USD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 18.3572 MXN. The next resistance located at 18.4318 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 18.6954 MXN. After this resistance, buyers could then target 18.7596 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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This analysis was given by Edd8011. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/MXN rating 18.4017 MXN. On the day, this instrument gained +0.20% and was between 18.3656 MXN and 18.4924 MXN. This implies that the price is at +0.20% from its lowest and at -0.49% from its highest.18.3656
18.4924
18.4017
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.
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:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/MXN in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
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 | 18.1113 | 18.2856 | 18.3572 | 18.4017 | 18.4318 | 18.7596 | 19.5997 |
| Change (%) | -1.58% | -0.63% | -0.24% | - | +0.16% | +1.94% | +6.51% |
| Change | -0.2904 | -0.1161 | -0.0445 | - | +0.0301 | +0.3579 | +1.1980 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.9307 | 18.0442 | 18.2049 | 18.3184 | 18.4791 | 18.5926 | 18.7533 |
| Camarilla | 18.2903 | 18.3154 | 18.3406 | 18.3657 | 18.3908 | 18.4160 | 18.4411 |
| Woodie | 17.9544 | 18.0560 | 18.2286 | 18.3302 | 18.5028 | 18.6044 | 18.7770 |
| Fibonacci | 18.0442 | 18.1489 | 18.2136 | 18.3184 | 18.4231 | 18.4878 | 18.5926 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.2869 | 17.4631 | 17.7564 | 17.9326 | 18.2259 | 18.4021 | 18.6954 |
| Camarilla | 17.9206 | 17.9636 | 18.0067 | 18.0497 | 18.0927 | 18.1358 | 18.1788 |
| Woodie | 17.3455 | 17.4924 | 17.8150 | 17.9619 | 18.2845 | 18.4314 | 18.7540 |
| Fibonacci | 17.4631 | 17.6425 | 17.7533 | 17.9326 | 18.1120 | 18.2228 | 18.4021 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.0852 | 16.0017 | 17.1624 | 18.0789 | 19.2396 | 20.1561 | 21.3168 |
| Camarilla | 17.7519 | 17.9423 | 18.1327 | 18.3231 | 18.5135 | 18.7039 | 18.8943 |
| Woodie | 15.2073 | 16.0628 | 17.2845 | 18.1400 | 19.3617 | 20.2172 | 21.4389 |
| Fibonacci | 16.0017 | 16.7952 | 17.2854 | 18.0789 | 18.8724 | 19.3626 | 20.1561 |
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): | 60.73 | |
| MACD (12,26,9): | 0.0596 | |
| Directional Movement: | 19.2186 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 18.4452 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.3710 | |
| Elder Ray (13): | 0.0226 | |
| Super Trend (3,10): | 18.3097 | |
| Zig ZAG (10): | 18.3988 | |
| VORTEX (21): | 1.1389 | |
| Stochastique (14,3,5): | 67.17 | |
| TEMA (21): | 18.4454 | |
| Williams %R (14): | -45.59 | |
| Chande Momentum Oscillator (20): | 0.1054 | |
| Repulse (5,40,3): | -0.2344 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0510 | |
| Courbe Coppock: | 0.90 |
| MA7: | 18.0905 | |
| MA20: | 18.0236 | |
| MA50: | 17.8326 | |
| MA100: | 17.3083 | |
| MAexp7: | 18.4112 | |
| MAexp20: | 18.3618 | |
| MAexp50: | 18.2475 | |
| MAexp100: | 18.1283 | |
| Price / MA7: | +1.72% | |
| Price / MA20: | +2.10% | |
| Price / MA50: | +3.19% | |
| Price / MA100: | +6.32% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.85% | |
| Price / MAexp100: | +1.51% |
Quotes :
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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:
-
USD/MXN Forecast July 23, 2024
-
USD/MXN Forecast July 19, 2024
-
USD/MXN Forecast July 4, 2024
-
USD/MXN Forecast July 2, 2024
-
USD/MXN Forecast June 26, 2024
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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