USD/MXN
USD MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDMXN
ISIN:

USD/MXN - 1H - Technical analysis published on 01/21/2020 (GMT)

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  • Timeframe : 1H
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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:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard18.597118.621118.644618.668618.692118.716118.7396
Camarilla18.655018.659418.663818.668118.672518.676818.6812
Woodie18.596918.621018.644418.668518.691918.716018.7394
Fibonacci18.621118.639318.650518.668618.686718.698018.7161


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.368218.511218.585418.728418.802618.945619.0198
Camarilla18.600018.619918.639818.659718.679618.699518.7194
Woodie18.333918.494018.551118.711218.768318.928418.9855
Fibonacci18.511218.594118.645418.728418.811318.862618.9456


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.785518.293618.613019.121119.440519.948620.2680
Camarilla18.704918.780818.856718.932519.008419.084219.1601
Woodie17.691318.246418.518819.073919.346319.901420.1738
Fibonacci18.293618.609718.805019.121119.437219.632519.9486

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%

This member declared not having a position on this financial instrument or a related financial instrument.

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