AUD/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	AUDMXN
ISIN:

AUD/MXN - 1H - Technical analysis published on 05/14/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 11.1356 MXN

My targets

11.1880 MXN (+0.0292)

11.2386 MXN (+0.0798)

My analysis

The bullish trend is currently very strong on AUD/MXN. As long as the price remains above the support at 11.1356 MXN, you could try to benefit from the boom. The first bullish objective is located at 11.1880 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 11.2386 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

Comment on the analysis

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

AUD/MXN rating 11.1588 MXN. The price has increased by +0.48% since the last closing with the lowest point at 11.0811 MXN and the highest point at 11.1776 MXN. The deviation from the price is +0.70% for the low point and -0.17% for the high point.

11.0811

11.1776

11.1588

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this AUD/MXN chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : 1 hour

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.0670	11.0888	11.1356	11.1588	11.1880	11.2386	11.2833
Change (%)	-0.82%	-0.63%	-0.21%	-	+0.26%	+0.72%	+1.12%
Change	-0.0918	-0.0700	-0.0232	-	+0.0292	+0.0798	+0.1245
Level	Intermediate	Major	Intermediate	-	Intermediate	Minor	Major

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	10.9665	11.0065	11.0557	11.0957	11.1449	11.1849	11.2341
Camarilla	11.0805	11.0887	11.0968	11.1050	11.1132	11.1214	11.1295
Woodie	10.9712	11.0088	11.0604	11.0980	11.1496	11.1872	11.2388
Fibonacci	11.0065	11.0405	11.0616	11.0957	11.1297	11.1508	11.1849

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.7875	10.9201	10.9993	11.1319	11.2111	11.3437	11.4229
Camarilla	11.0203	11.0397	11.0591	11.0785	11.0979	11.1173	11.1368
Woodie	10.7608	10.9068	10.9726	11.1186	11.1844	11.3304	11.3962
Fibonacci	10.9201	11.0010	11.0510	11.1319	11.2128	11.2628	11.3437

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.8127	10.2495	10.6779	11.1147	11.5431	11.9799	12.4083
Camarilla	10.8684	10.9477	11.0270	11.1063	11.1856	11.2649	11.3442
Woodie	9.8085	10.2474	10.6737	11.1126	11.5389	11.9778	12.4041
Fibonacci	10.2495	10.5800	10.7842	11.1147	11.4452	11.6494	11.9799

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):	70.73
MACD (12,26,9):	0.0170
Directional Movement:	18.7274
AROON (14):	50.0000
DEMA (21):	11.1463
Parabolic SAR (0,02-0,02-0,2):	11.1098
Elder Ray (13):	0.0209
Super Trend (3,10):	11.1054
Zig ZAG (10):	11.1569
VORTEX (21):	1.1561
Stochastique (14,3,5):	74.27
TEMA (21):	11.1586
Williams %R (14):	-19.69
Chande Momentum Oscillator (20):	0.0646
Repulse (5,40,3):	0.1235
ROCnROLL:	1
TRIX (15,9):	0.0161
Courbe Coppock:	1.02

MA7:	11.1295
MA20:	11.1036
MA50:	10.9905
MA100:	11.1257
MAexp7:	11.1478
MAexp20:	11.1264
MAexp50:	11.1103
MAexp100:	11.1104
Price / MA7:	+0.26%
Price / MA20:	+0.50%
Price / MA50:	+1.53%
Price / MA100:	+0.30%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.44%
Price / MAexp100:	+0.44%

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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