USD/MXN - 1H - Technical analysis published on 01/21/2020 (GMT)
- Who voted?
- 197
- 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
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 18.7574 MXN
My targets
18.6451 MXN (-0.0585)
18.5112 MXN (-0.1924)
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 18.7574 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 18.7574 MXN. The next bearish objective for sellers is set at 18.6451 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 18.5112 MXN. In case of crossing, the next objective would be the support located at 18.3682 MXN. PS: if there is a bullish break in the resistance located at 18.7574 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.8
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The USD/MXN price is 18.7036 MXN. The price registered a decrease of +0.19% on the session and was between 18.6653 MXN and 18.7453 MXN. This implies that the price is at +0.21% from its lowest and at -0.22% from its highest.18.6653
18.7453
18.7036
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this USD/MXN chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
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 | 18.0020 | 18.6451 | 18.6926 | 18.7036 | 18.7574 | 18.7754 | 18.8265 |
Change (%) | -3.75% | -0.31% | -0.06% | - | +0.29% | +0.38% | +0.66% |
Change | -0.7016 | -0.0585 | -0.0110 | - | +0.0538 | +0.0718 | +0.1229 |
Level | Intermediate | Intermediate | Minor | - | Major | Minor | Intermediate |
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 | 18.5971 | 18.6211 | 18.6446 | 18.6686 | 18.6921 | 18.7161 | 18.7396 |
Camarilla | 18.6550 | 18.6594 | 18.6638 | 18.6681 | 18.6725 | 18.6768 | 18.6812 |
Woodie | 18.5969 | 18.6210 | 18.6444 | 18.6685 | 18.6919 | 18.7160 | 18.7394 |
Fibonacci | 18.6211 | 18.6393 | 18.6505 | 18.6686 | 18.6867 | 18.6980 | 18.7161 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 18.3682 | 18.5112 | 18.5854 | 18.7284 | 18.8026 | 18.9456 | 19.0198 |
Camarilla | 18.6000 | 18.6199 | 18.6398 | 18.6597 | 18.6796 | 18.6995 | 18.7194 |
Woodie | 18.3339 | 18.4940 | 18.5511 | 18.7112 | 18.7683 | 18.9284 | 18.9855 |
Fibonacci | 18.5112 | 18.5941 | 18.6454 | 18.7284 | 18.8113 | 18.8626 | 18.9456 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 17.7855 | 18.2936 | 18.6130 | 19.1211 | 19.4405 | 19.9486 | 20.2680 |
Camarilla | 18.7049 | 18.7808 | 18.8567 | 18.9325 | 19.0084 | 19.0842 | 19.1601 |
Woodie | 17.6913 | 18.2464 | 18.5188 | 19.0739 | 19.3463 | 19.9014 | 20.1738 |
Fibonacci | 18.2936 | 18.6097 | 18.8050 | 19.1211 | 19.4372 | 19.6325 | 19.9486 |
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): | 51.46 | |
MACD (12,26,9): | 0.0106 | |
Directional Movement: | -1.8239 | |
AROON (14): | 85.7143 | |
DEMA (21): | 18.7221 | |
Parabolic SAR (0,02-0,02-0,2): | 18.7453 | |
Elder Ray (13): | -0.0053 | |
Super Trend (3,10): | 18.6902 | |
Zig ZAG (10): | 18.7065 | |
VORTEX (21): | 1.1173 | |
Stochastique (14,3,5): | 51.20 | |
TEMA (21): | 18.7320 | |
Williams %R (14): | -78.85 | |
Chande Momentum Oscillator (20): | 0.0030 | |
Repulse (5,40,3): | -0.0983 | |
ROCnROLL: | 2 | |
TRIX (15,9): | 0.0089 | |
Courbe Coppock: | 0.44 |
MA7: | 18.7458 | |
MA20: | 18.8404 | |
MA50: | 19.0943 | |
MA100: | 19.2364 | |
MAexp7: | 18.7176 | |
MAexp20: | 18.7087 | |
MAexp50: | 18.7062 | |
MAexp100: | 18.7268 | |
Price / MA7: | -0.23% | |
Price / MA20: | -0.73% | |
Price / MA50: | -2.05% | |
Price / MA100: | -2.77% | |
Price / MAexp7: | -0.08% | |
Price / MAexp20: | -0.03% | |
Price / MAexp50: | -0.01% | |
Price / MAexp100: | -0.12% |
News
The latest news and videos published on USD/MXN at the time of the analysis were as follows:
- USD/MXN Forecast December 13, 2019
- USD/MXN Forecast November 28, 2019
- USD/MXN Forecast November 7, 2019
- USD/MXN Forecast October 24, 2019
- USD/MXN Forecast October 22, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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