AUD/MXN - Daily - Technical analysis published on 08/18/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 10.9938 MXN
My targets
10.7355 MXN (-0.2182)
10.3894 MXN (-0.5643)
My analysis
AUD/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 10.9938 MXN. The next support located at 10.7355 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10.3894 MXN. Below this support, sellers could then target 10.1474 MXN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/MXN rating 10.9537 MXN. The price registered a decrease of -0.01% on the session and was traded between 10.9296 MXN and 10.9838 MXN over the period. The price is currently at +0.22% from its lowest and -0.27% from its highest.10.9296
10.9838
10.9537
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 this Daily chart of AUD/MXN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : Daily
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 8.1752 | 10.1474 | 10.9537 | 11.2833 | 12.0639 | 12.3919 |
| Change (%) | -25.37% | -7.36% | - | +3.01% | +10.14% | +13.13% |
| Change | -2.7785 | -0.8063 | - | +0.3296 | +1.1102 | +1.4382 |
| Level | Minor | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8236 | 10.8771 | 10.9158 | 10.9693 | 11.0080 | 11.0615 | 11.1002 |
| Camarilla | 10.9292 | 10.9376 | 10.9461 | 10.9545 | 10.9630 | 10.9714 | 10.9799 |
| Woodie | 10.8162 | 10.8734 | 10.9084 | 10.9656 | 11.0006 | 11.0578 | 11.0928 |
| Fibonacci | 10.8771 | 10.9123 | 10.9341 | 10.9693 | 11.0045 | 11.0263 | 11.0615 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7273 | 10.8756 | 10.9632 | 11.1115 | 11.1991 | 11.3474 | 11.4350 |
| Camarilla | 10.9859 | 11.0076 | 11.0292 | 11.0508 | 11.0724 | 11.0941 | 11.1157 |
| Woodie | 10.6970 | 10.8604 | 10.9329 | 11.0963 | 11.1688 | 11.3322 | 11.4047 |
| Fibonacci | 10.8756 | 10.9657 | 11.0214 | 11.1115 | 11.2016 | 11.2573 | 11.3474 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3894 | 10.7355 | 10.9938 | 11.3399 | 11.5982 | 11.9443 | 12.2026 |
| Camarilla | 11.0858 | 11.1412 | 11.1966 | 11.2520 | 11.3074 | 11.3628 | 11.4182 |
| Woodie | 10.3454 | 10.7136 | 10.9498 | 11.3180 | 11.5542 | 11.9224 | 12.1586 |
| Fibonacci | 10.7355 | 10.9664 | 11.1091 | 11.3399 | 11.5708 | 11.7135 | 11.9443 |
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): | 36.03 | |
| MACD (12,26,9): | -0.1139 | |
| Directional Movement: | -9.4333 | |
| AROON (14): | -71.4286 | |
| DEMA (21): | 11.0118 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.1550 | |
| Elder Ray (13): | -0.1390 | |
| Super Trend (3,10): | 11.3412 | |
| Zig ZAG (10): | 10.9543 | |
| VORTEX (21): | 0.8765 | |
| Stochastique (14,3,5): | 5.81 | |
| TEMA (21): | 10.9746 | |
| Williams %R (14): | -94.89 | |
| Chande Momentum Oscillator (20): | -0.1758 | |
| Repulse (5,40,3): | -0.9564 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1206 | |
| Courbe Coppock: | 4.54 |
| MA7: | 11.0303 | |
| MA20: | 11.1782 | |
| MA50: | 11.3685 | |
| MA100: | 11.6258 | |
| MAexp7: | 11.0314 | |
| MAexp20: | 11.1566 | |
| MAexp50: | 11.3469 | |
| MAexp100: | 11.6263 | |
| Price / MA7: | -0.69% | |
| Price / MA20: | -2.01% | |
| Price / MA50: | -3.65% | |
| Price / MA100: | -5.78% | |
| Price / MAexp7: | -0.69% | |
| Price / MAexp20: | -1.80% | |
| Price / MAexp50: | -3.45% | |
| Price / MAexp100: | -5.77% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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