AUD/MXN - 1H - Technical analysis published on 03/06/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
22%
50%
My opinion
Bearish under 11.0333 MXN
My targets
10.9880 MXN (-0.0333)
10.8344 MXN (-0.1869)
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 11.0333 MXN. The next bearish objective for sellers is set at 10.9880 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.8344 MXN. If there is any crossing, the next objective would be the support located at 10.7220 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
AUD/MXN rating 11.0213 MXN. On the day, this instrument lost -0.01% with the lowest point at 11.0021 MXN and the highest point at 11.0425 MXN. The deviation from the price is +0.17% for the low point and -0.19% for the high point.11.0021
11.0425
11.0213
Here is a more detailed summary of the historical variations registered by AUD/MXN:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/MXN indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.1474 | 10.7220 | 10.9880 | 11.0213 | 11.0333 | 11.0922 | 11.1424 |
| Change (%) | -7.93% | -2.72% | -0.30% | - | +0.11% | +0.64% | +1.10% |
| Change | -0.8739 | -0.2993 | -0.0333 | - | +0.0120 | +0.0709 | +0.1211 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
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 | 10.9481 | 10.9708 | 10.9968 | 11.0195 | 11.0455 | 11.0682 | 11.0942 |
| Camarilla | 11.0093 | 11.0138 | 11.0182 | 11.0227 | 11.0272 | 11.0316 | 11.0361 |
| Woodie | 10.9497 | 10.9716 | 10.9984 | 11.0203 | 11.0471 | 11.0690 | 11.0958 |
| Fibonacci | 10.9708 | 10.9894 | 11.0009 | 11.0195 | 11.0381 | 11.0496 | 11.0682 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8344 | 10.9438 | 11.0235 | 11.1329 | 11.2126 | 11.3220 | 11.4017 |
| Camarilla | 11.0511 | 11.0684 | 11.0858 | 11.1031 | 11.1204 | 11.1378 | 11.1551 |
| Woodie | 10.8195 | 10.9364 | 11.0086 | 11.1255 | 11.1977 | 11.3146 | 11.3868 |
| Fibonacci | 10.9438 | 11.0161 | 11.0607 | 11.1329 | 11.2052 | 11.2498 | 11.3220 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7393 | 10.9035 | 10.9932 | 11.1574 | 11.2471 | 11.4113 | 11.5010 |
| Camarilla | 11.0130 | 11.0363 | 11.0595 | 11.0828 | 11.1061 | 11.1294 | 11.1526 |
| Woodie | 10.7020 | 10.8849 | 10.9559 | 11.1388 | 11.2098 | 11.3927 | 11.4637 |
| Fibonacci | 10.9035 | 11.0005 | 11.0604 | 11.1574 | 11.2544 | 11.3143 | 11.4113 |
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): | 48.09 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | -1.5715 | |
| AROON (14): | 42.8572 | |
| DEMA (21): | 11.0213 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.0425 | |
| Elder Ray (13): | 0.0008 | |
| Super Trend (3,10): | 11.0482 | |
| Zig ZAG (10): | 11.0231 | |
| VORTEX (21): | 1.0510 | |
| Stochastique (14,3,5): | 52.56 | |
| TEMA (21): | 11.0283 | |
| Williams %R (14): | -48.51 | |
| Chande Momentum Oscillator (20): | 0.0002 | |
| Repulse (5,40,3): | -0.0699 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0035 | |
| Courbe Coppock: | 0.12 |
| MA7: | 11.0772 | |
| MA20: | 11.1288 | |
| MA50: | 11.2495 | |
| MA100: | 11.3313 | |
| MAexp7: | 11.0255 | |
| MAexp20: | 11.0244 | |
| MAexp50: | 11.0369 | |
| MAexp100: | 11.0625 | |
| Price / MA7: | -0.50% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -2.03% | |
| Price / MA100: | -2.74% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.14% | |
| Price / MAexp100: | -0.37% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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