AUD/MXN - 1H - Technical analysis published on 10/30/2023 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 11.5290 MXN
My targets
11.4580 MXN (-0.0137)
11.3834 MXN (-0.0883)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AUD/MXN as long as the price remains well below 11.5290 MXN. The next bearish objective for sellers is set at 11.4580 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11.3834 MXN. If there is any crossing, the next objective would be the support located at 11.2833 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AUD/MXN price is 11.4717 MXN. The price is lower by -0.02% since the last closing and was between 11.4686 MXN and 11.5158 MXN. This implies that the price is at +0.03% from its lowest and at -0.38% from its highest.11.4686
11.5158
11.4717
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/MXN indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.7220 | 11.2833 | 11.4580 | 11.4717 | 11.5290 | 11.5804 | 11.6180 |
| Change (%) | -6.54% | -1.64% | -0.12% | - | +0.50% | +0.95% | +1.28% |
| Change | -0.7497 | -0.1884 | -0.0137 | - | +0.0573 | +0.1087 | +0.1463 |
| Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
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 | 11.3455 | 11.3934 | 11.4335 | 11.4814 | 11.5215 | 11.5694 | 11.6095 |
| Camarilla | 11.4494 | 11.4575 | 11.4655 | 11.4736 | 11.4817 | 11.4897 | 11.4978 |
| Woodie | 11.3416 | 11.3915 | 11.4296 | 11.4795 | 11.5176 | 11.5675 | 11.6056 |
| Fibonacci | 11.3934 | 11.4270 | 11.4478 | 11.4814 | 11.5150 | 11.5358 | 11.5694 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.1451 | 11.2932 | 11.3834 | 11.5315 | 11.6217 | 11.7698 | 11.8600 |
| Camarilla | 11.4081 | 11.4299 | 11.4518 | 11.4736 | 11.4954 | 11.5173 | 11.5391 |
| Woodie | 11.1162 | 11.2787 | 11.3545 | 11.5170 | 11.5928 | 11.7553 | 11.8311 |
| Fibonacci | 11.2932 | 11.3842 | 11.4405 | 11.5315 | 11.6225 | 11.6788 | 11.7698 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5700 | 10.7529 | 10.9801 | 11.1630 | 11.3902 | 11.5731 | 11.8003 |
| Camarilla | 11.0944 | 11.1320 | 11.1696 | 11.2072 | 11.2448 | 11.2824 | 11.3200 |
| Woodie | 10.5921 | 10.7640 | 11.0022 | 11.1741 | 11.4123 | 11.5842 | 11.8224 |
| Fibonacci | 10.7529 | 10.9096 | 11.0064 | 11.1630 | 11.3197 | 11.4165 | 11.5731 |
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): | 42.92 | |
| MACD (12,26,9): | -0.0018 | |
| Directional Movement: | -3.9674 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 11.4854 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5158 | |
| Elder Ray (13): | -0.0118 | |
| Super Trend (3,10): | 11.5358 | |
| Zig ZAG (10): | 11.4765 | |
| VORTEX (21): | 1.0343 | |
| Stochastique (14,3,5): | 41.39 | |
| TEMA (21): | 11.4913 | |
| Williams %R (14): | -84.33 | |
| Chande Momentum Oscillator (20): | -0.0170 | |
| Repulse (5,40,3): | -0.2127 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.31 |
| MA7: | 11.5160 | |
| MA20: | 11.4997 | |
| MA50: | 11.2282 | |
| MA100: | 11.2905 | |
| MAexp7: | 11.4871 | |
| MAexp20: | 11.4887 | |
| MAexp50: | 11.5016 | |
| MAexp100: | 11.5155 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | +2.17% | |
| Price / MA100: | +1.60% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.38% |
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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