CHF/MXN - 1H - Technical analysis published on 02/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 19.5983 MXN
My targets
19.4888 MXN (-0.0287)
19.3517 MXN (-0.1658)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CHF/MXN as long as the price remains well below 19.5983 MXN. The sellers' bearish objective is set at 19.4888 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.3517 MXN. In case of crossing, the next objective would be the support located at 19.1710 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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
The CHF/MXN rating is 19.5175 MXN. The price has increased by +0.00% since the last closing with the lowest point at 19.5036 MXN and the highest point at 19.5652 MXN. The deviation from the price is +0.07% for the low point and -0.24% for the high point.19.5036
19.5652
19.5175
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 CHF/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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
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 horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.1710 | 19.3517 | 19.4888 | 19.5175 | 19.5983 | 19.7282 | 19.8270 |
| Change (%) | -1.78% | -0.85% | -0.15% | - | +0.41% | +1.08% | +1.59% |
| Change | -0.3465 | -0.1658 | -0.0287 | - | +0.0808 | +0.2107 | +0.3095 |
| Level | Minor | 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 | 19.3600 | 19.4240 | 19.4710 | 19.5350 | 19.5820 | 19.6460 | 19.6930 |
| Camarilla | 19.4874 | 19.4976 | 19.5077 | 19.5179 | 19.5281 | 19.5383 | 19.5484 |
| Woodie | 19.3514 | 19.4198 | 19.4624 | 19.5308 | 19.5734 | 19.6418 | 19.6844 |
| Fibonacci | 19.4240 | 19.4664 | 19.4926 | 19.5350 | 19.5774 | 19.6036 | 19.6460 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.3030 | 19.5274 | 19.6465 | 19.8709 | 19.9900 | 20.2144 | 20.3335 |
| Camarilla | 19.6712 | 19.7027 | 19.7342 | 19.7657 | 19.7972 | 19.8287 | 19.8602 |
| Woodie | 19.2505 | 19.5011 | 19.5940 | 19.8446 | 19.9375 | 20.1881 | 20.2810 |
| Fibonacci | 19.5274 | 19.6586 | 19.7397 | 19.8709 | 20.0021 | 20.0832 | 20.2144 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.0723 | 19.3565 | 19.6622 | 19.9464 | 20.2521 | 20.5363 | 20.8420 |
| Camarilla | 19.8056 | 19.8597 | 19.9137 | 19.9678 | 20.0219 | 20.0760 | 20.1300 |
| Woodie | 19.0830 | 19.3619 | 19.6729 | 19.9518 | 20.2628 | 20.5417 | 20.8527 |
| Fibonacci | 19.3565 | 19.5819 | 19.7211 | 19.9464 | 20.1718 | 20.3110 | 20.5363 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.61 | |
| MACD (12,26,9): | -0.0091 | |
| Directional Movement: | -3.8330 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 19.5184 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.5652 | |
| Elder Ray (13): | -0.0156 | |
| Super Trend (3,10): | 19.5924 | |
| Zig ZAG (10): | 19.5185 | |
| VORTEX (21): | 0.9926 | |
| Stochastique (14,3,5): | 26.31 | |
| TEMA (21): | 19.5265 | |
| Williams %R (14): | -76.62 | |
| Chande Momentum Oscillator (20): | -0.0251 | |
| Repulse (5,40,3): | -0.0970 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0071 | |
| Courbe Coppock: | 0.05 |
| MA7: | 19.7077 | |
| MA20: | 19.8027 | |
| MA50: | 19.8564 | |
| MA100: | 19.7583 | |
| MAexp7: | 19.5258 | |
| MAexp20: | 19.5317 | |
| MAexp50: | 19.5652 | |
| MAexp100: | 19.6346 | |
| Price / MA7: | -0.97% | |
| Price / MA20: | -1.44% | |
| Price / MA50: | -1.71% | |
| Price / MA100: | -1.22% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.07% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.60% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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