AUD/MXN - 1H - Technical analysis published on 12/29/2023 (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
94%
0%
6%
My opinion
Bullish above 11.5786 MXN
My targets
11.6188 MXN (+0.0165)
11.6935 MXN (+0.0912)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/MXN as long as the price remains well above 11.5786 MXN. The buyers' bullish objective is set at 11.6188 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.6935 MXN. If there is any crossing, the next objective would be the resistance located at 11.8895 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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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 11.6023 MXN. The price registered an increase of +0.18% on the session with the lowest point at 11.5810 MXN and the highest point at 11.6143 MXN. The deviation from the price is +0.18% for the low point and -0.10% for the high point.11.5810
11.6143
11.6023
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of AUD/MXN indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
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 | 11.5146 | 11.5527 | 11.5786 | 11.6023 | 11.6035 | 11.6188 | 11.6935 |
| Change (%) | -0.76% | -0.43% | -0.20% | - | +0.01% | +0.14% | +0.79% |
| Change | -0.0877 | -0.0496 | -0.0237 | - | +0.0012 | +0.0165 | +0.0912 |
| Level | Major | Major | Minor | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4346 | 11.4792 | 11.5302 | 11.5748 | 11.6258 | 11.6704 | 11.7214 |
| Camarilla | 11.5550 | 11.5638 | 11.5725 | 11.5813 | 11.5901 | 11.5988 | 11.6076 |
| Woodie | 11.4379 | 11.4808 | 11.5335 | 11.5764 | 11.6291 | 11.6720 | 11.7247 |
| Fibonacci | 11.4792 | 11.5157 | 11.5383 | 11.5748 | 11.6113 | 11.6339 | 11.6704 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 58.44 | |
| MACD (12,26,9): | 0.0059 | |
| Directional Movement: | 15.0305 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 11.5901 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.5571 | |
| Elder Ray (13): | 0.0190 | |
| Super Trend (3,10): | 11.6108 | |
| Zig ZAG (10): | 11.6054 | |
| VORTEX (21): | 1.0640 | |
| Stochastique (14,3,5): | 88.49 | |
| TEMA (21): | 11.5963 | |
| Williams %R (14): | -16.41 | |
| Chande Momentum Oscillator (20): | 0.0335 | |
| Repulse (5,40,3): | 0.0662 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0011 | |
| Courbe Coppock: | 0.61 |
| MA7: | 11.5746 | |
| MA20: | 11.5087 | |
| MA50: | 11.4185 | |
| MA100: | 11.2960 | |
| MAexp7: | 11.5946 | |
| MAexp20: | 11.5844 | |
| MAexp50: | 11.5799 | |
| MAexp100: | 11.5749 | |
| Price / MA7: | +0.24% | |
| Price / MA20: | +0.81% | |
| Price / MA50: | +1.61% | |
| Price / MA100: | +2.71% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | +0.19% | |
| Price / MAexp100: | +0.24% |
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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