AUD/MXN - 1H - Technical analysis published on 12/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 11.5775 MXN
My targets
11.6362 MXN (+0.0377)
11.6935 MXN (+0.0950)
My analysis
AUD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.5775 MXN. The next resistance located at 11.6362 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11.6935 MXN. After this resistance, buyers could then target 11.8895 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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Additional analysis
Quotes
The AUD/MXN rating is 11.5985 MXN. The price registered an increase of +0.51% on the session and was traded between 11.5262 MXN and 11.6036 MXN over the period. The price is currently at +0.63% from its lowest and -0.04% from its highest.11.5262
11.6036
11.5985
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 AUD/MXN in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
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
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 | 11.5145 | 11.5410 | 11.5775 | 11.5985 | 11.6362 | 11.6935 | 11.8895 |
| Change (%) | -0.72% | -0.50% | -0.18% | - | +0.33% | +0.82% | +2.51% |
| Change | -0.0840 | -0.0575 | -0.0210 | - | +0.0377 | +0.0950 | +0.2910 |
| Level | Major | Minor | Major | - | Minor | Major | Minor |
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 | 11.4796 | 11.5035 | 11.5257 | 11.5496 | 11.5718 | 11.5957 | 11.6179 |
| Camarilla | 11.5351 | 11.5394 | 11.5436 | 11.5478 | 11.5520 | 11.5563 | 11.5605 |
| Woodie | 11.4787 | 11.5031 | 11.5248 | 11.5492 | 11.5709 | 11.5953 | 11.6170 |
| Fibonacci | 11.5035 | 11.5211 | 11.5320 | 11.5496 | 11.5672 | 11.5781 | 11.5957 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4796 | 11.5035 | 11.5257 | 11.5496 | 11.5718 | 11.5957 | 11.6179 |
| Camarilla | 11.5351 | 11.5394 | 11.5436 | 11.5478 | 11.5520 | 11.5563 | 11.5605 |
| Woodie | 11.4787 | 11.5031 | 11.5248 | 11.5492 | 11.5709 | 11.5953 | 11.6170 |
| Fibonacci | 11.5035 | 11.5211 | 11.5320 | 11.5496 | 11.5672 | 11.5781 | 11.5957 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.7771 | 10.9507 | 11.2200 | 11.3936 | 11.6629 | 11.8365 | 12.1058 |
| Camarilla | 11.3676 | 11.4082 | 11.4488 | 11.4894 | 11.5300 | 11.5706 | 11.6112 |
| Woodie | 10.8251 | 10.9746 | 11.2680 | 11.4175 | 11.7109 | 11.8604 | 12.1538 |
| Fibonacci | 10.9507 | 11.1199 | 11.2244 | 11.3936 | 11.5628 | 11.6673 | 11.8365 |
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): | 62.95 | |
| MACD (12,26,9): | 0.0062 | |
| Directional Movement: | 9.2212 | |
| AROON (14): | 35.7142 | |
| DEMA (21): | 11.5693 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5306 | |
| Elder Ray (13): | 0.0309 | |
| Super Trend (3,10): | 11.5310 | |
| Zig ZAG (10): | 11.5985 | |
| VORTEX (21): | 1.0914 | |
| Stochastique (14,3,5): | 89.64 | |
| TEMA (21): | 11.5756 | |
| Williams %R (14): | -6.59 | |
| Chande Momentum Oscillator (20): | 0.0588 | |
| Repulse (5,40,3): | 0.1848 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0001 | |
| Courbe Coppock: | 0.25 |
| MA7: | 11.5514 | |
| MA20: | 11.4902 | |
| MA50: | 11.4149 | |
| MA100: | 11.2765 | |
| MAexp7: | 11.5763 | |
| MAexp20: | 11.5636 | |
| MAexp50: | 11.5589 | |
| MAexp100: | 11.5507 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | +2.86% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.41% |
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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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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