AUD/MXN - 1H - Technical analysis published on 09/06/2023 (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:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 11.0706 MXN
My targets
11.1383 MXN (+0.0170)
11.2081 MXN (+0.0868)
My analysis
The bullish trend is currently very strong on AUD/MXN. As long as the price remains above the support at 11.0706 MXN, you could try to benefit from the boom. The first bullish objective is located at 11.1383 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.2081 MXN as an objective. Crossing it would then enable buyers to target 11.2833 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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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 rating is 11.1213 MXN. The price has increased by +0.28% since the last closing with the lowest point at 11.0819 MXN and the highest point at 11.1258 MXN. The deviation from the price is +0.36% for the low point and -0.04% for the high point.11.0819
11.1258
11.1213
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of AUD/MXN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently 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, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 horizontal support
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 | 10.8165 | 10.9646 | 11.0706 | 11.1213 | 11.1383 | 11.2833 | 12.0639 |
| Change (%) | -2.74% | -1.41% | -0.46% | - | +0.15% | +1.46% | +8.48% |
| Change | -0.3048 | -0.1567 | -0.0507 | - | +0.0170 | +0.1620 | +0.9426 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Major | 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 | 10.8156 | 10.8901 | 10.9903 | 11.0648 | 11.1650 | 11.2395 | 11.3397 |
| Camarilla | 11.0425 | 11.0585 | 11.0745 | 11.0905 | 11.1065 | 11.1225 | 11.1385 |
| Woodie | 10.8285 | 10.8965 | 11.0032 | 11.0712 | 11.1779 | 11.2459 | 11.3526 |
| Fibonacci | 10.8901 | 10.9568 | 10.9981 | 11.0648 | 11.1315 | 11.1728 | 11.2395 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.3395 | 10.5217 | 10.7738 | 10.9560 | 11.2081 | 11.3903 | 11.6424 |
| Camarilla | 10.9066 | 10.9464 | 10.9862 | 11.0260 | 11.0658 | 11.1056 | 11.1454 |
| Woodie | 10.3746 | 10.5392 | 10.8089 | 10.9735 | 11.2432 | 11.4078 | 11.6775 |
| Fibonacci | 10.5217 | 10.6876 | 10.7901 | 10.9560 | 11.1219 | 11.2244 | 11.3903 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9728 | 10.3383 | 10.6824 | 11.0479 | 11.3920 | 11.7575 | 12.1016 |
| Camarilla | 10.8314 | 10.8964 | 10.9615 | 11.0265 | 11.0916 | 11.1566 | 11.2216 |
| Woodie | 9.9621 | 10.3330 | 10.6717 | 11.0426 | 11.3813 | 11.7522 | 12.0909 |
| Fibonacci | 10.3383 | 10.6094 | 10.7768 | 11.0479 | 11.3190 | 11.4864 | 11.7575 |
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): | 63.44 | |
| MACD (12,26,9): | 0.0153 | |
| Directional Movement: | 8.8474 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 11.0979 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.0819 | |
| Elder Ray (13): | 0.0135 | |
| Super Trend (3,10): | 11.0326 | |
| Zig ZAG (10): | 11.1150 | |
| VORTEX (21): | 1.0989 | |
| Stochastique (14,3,5): | 77.41 | |
| TEMA (21): | 11.1082 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 0.0301 | |
| Repulse (5,40,3): | 0.2237 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0130 | |
| Courbe Coppock: | 1.62 |
| MA7: | 11.0131 | |
| MA20: | 10.9625 | |
| MA50: | 11.1936 | |
| MA100: | 11.4661 | |
| MAexp7: | 11.1000 | |
| MAexp20: | 11.0804 | |
| MAexp50: | 11.0587 | |
| MAexp100: | 11.0187 | |
| Price / MA7: | +0.98% | |
| Price / MA20: | +1.45% | |
| Price / MA50: | -0.65% | |
| Price / MA100: | -3.01% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.37% | |
| Price / MAexp50: | +0.57% | |
| Price / MAexp100: | +0.93% |
Quotes :
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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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