AUD/MXN - 1H - Technical analysis published on 04/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 10.7888 MXN
My targets
10.9127 MXN (+0.0697)
10.9429 MXN (+0.0999)
My analysis
AUD/MXN is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 10.7888 MXN, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 10.9127 MXN. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 10.9429 MXN would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 11.2833 MXN. Beware of a possible return to under the support located at 10.7888 MXN which would be the sign of a correction of the bullish excesses registered in the short term.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.2
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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 10.8430 MXN. The price registered an increase of +0.54% on the session and was traded between 10.7493 MXN and 10.8540 MXN over the period. The price is currently at +0.87% from its lowest and -0.10% from its highest.10.7493
10.8540
10.8430
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a 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 1H chart of AUD/MXN indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.7220 | 10.7641 | 10.7888 | 10.8430 | 10.8511 | 10.9127 | 10.9429 |
| Change (%) | -1.12% | -0.73% | -0.50% | - | +0.07% | +0.64% | +0.92% |
| Change | -0.1210 | -0.0789 | -0.0542 | - | +0.0081 | +0.0697 | +0.0999 |
| Level | Major | Intermediate | Intermediate | - | 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 | 10.6616 | 10.7126 | 10.7486 | 10.7996 | 10.8356 | 10.8866 | 10.9226 |
| Camarilla | 10.7607 | 10.7687 | 10.7766 | 10.7846 | 10.7926 | 10.8006 | 10.8085 |
| Woodie | 10.6541 | 10.7089 | 10.7411 | 10.7959 | 10.8281 | 10.8829 | 10.9151 |
| Fibonacci | 10.7126 | 10.7458 | 10.7664 | 10.7996 | 10.8328 | 10.8534 | 10.8866 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.5628 | 10.6637 | 10.7412 | 10.8421 | 10.9196 | 11.0205 | 11.0980 |
| Camarilla | 10.7697 | 10.7861 | 10.8025 | 10.8188 | 10.8352 | 10.8515 | 10.8679 |
| Woodie | 10.5512 | 10.6579 | 10.7296 | 10.8363 | 10.9080 | 11.0147 | 11.0864 |
| Fibonacci | 10.6637 | 10.7318 | 10.7739 | 10.8421 | 10.9102 | 10.9523 | 11.0205 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1391 | 10.4463 | 10.6141 | 10.9213 | 11.0891 | 11.3963 | 11.5641 |
| Camarilla | 10.6514 | 10.6949 | 10.7385 | 10.7820 | 10.8255 | 10.8691 | 10.9126 |
| Woodie | 10.0695 | 10.4115 | 10.5445 | 10.8865 | 11.0195 | 11.3615 | 11.4945 |
| Fibonacci | 10.4463 | 10.6277 | 10.7398 | 10.9213 | 11.1027 | 11.2148 | 11.3963 |
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): | 61.58 | |
| MACD (12,26,9): | 0.0063 | |
| Directional Movement: | 12.2022 | |
| AROON (14): | 42.8571 | |
| DEMA (21): | 10.8071 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.7852 | |
| Elder Ray (13): | 0.0268 | |
| Super Trend (3,10): | 10.7756 | |
| Zig ZAG (10): | 10.8384 | |
| VORTEX (21): | 1.1165 | |
| Stochastique (14,3,5): | 80.17 | |
| TEMA (21): | 10.8254 | |
| Williams %R (14): | -9.17 | |
| Chande Momentum Oscillator (20): | 0.0689 | |
| Repulse (5,40,3): | 0.2280 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0053 | |
| Courbe Coppock: | 0.79 |
| MA7: | 10.8287 | |
| MA20: | 10.8955 | |
| MA50: | 11.0421 | |
| MA100: | 11.2229 | |
| MAexp7: | 10.8220 | |
| MAexp20: | 10.8033 | |
| MAexp50: | 10.8128 | |
| MAexp100: | 10.8257 | |
| Price / MA7: | +0.13% | |
| Price / MA20: | -0.48% | |
| Price / MA50: | -1.80% | |
| Price / MA100: | -3.39% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | +0.16% |
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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