AUD/MXN - 1H - Technical analysis published on 07/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
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 12.1775 MXN
My targets
12.3480 MXN (+0.1299)
12.3919 MXN (+0.1738)
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 12.1775 MXN. The next resistance located at 12.3480 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 12.3919 MXN. After this resistance, buyers could then target 13.4579 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, 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
8.6
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Additional analysis
Quotes
The AUD/MXN price is 12.2181 MXN. On the day, this instrument gained +1.08% and was traded between 12.0574 MXN and 12.2493 MXN over the period. The price is currently at +1.33% from its lowest and -0.25% from its highest.12.0574
12.2493
12.2181
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. The signals given by the moving averages are 92.86% bullish. This strong bullish 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, 14 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
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:
Resistance of channel is broken
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 | 12.0833 | 12.1191 | 12.1775 | 12.2181 | 12.2190 | 12.3919 | 13.4579 |
| Change (%) | -1.10% | -0.81% | -0.33% | - | +0.01% | +1.42% | +10.15% |
| Change | -0.1348 | -0.0990 | -0.0406 | - | +0.0009 | +0.1738 | +1.2398 |
| Level | Minor | Intermediate | Minor | - | Minor | Major | Minor |
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 | 11.8910 | 11.9468 | 12.0169 | 12.0727 | 12.1428 | 12.1986 | 12.2687 |
| Camarilla | 12.0525 | 12.0640 | 12.0756 | 12.0871 | 12.0986 | 12.1102 | 12.1217 |
| Woodie | 11.8983 | 11.9504 | 12.0242 | 12.0763 | 12.1501 | 12.2022 | 12.2760 |
| Fibonacci | 11.9468 | 11.9949 | 12.0246 | 12.0727 | 12.1208 | 12.1505 | 12.1986 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6157 | 11.7462 | 11.9166 | 12.0471 | 12.2175 | 12.3480 | 12.5184 |
| Camarilla | 12.0044 | 12.0319 | 12.0595 | 12.0871 | 12.1147 | 12.1423 | 12.1699 |
| Woodie | 11.6358 | 11.7562 | 11.9367 | 12.0571 | 12.2376 | 12.3580 | 12.5385 |
| Fibonacci | 11.7462 | 11.8611 | 11.9321 | 12.0471 | 12.1620 | 12.2330 | 12.3480 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9777 | 10.6182 | 11.4190 | 12.0595 | 12.8603 | 13.5008 | 14.3016 |
| Camarilla | 11.8233 | 11.9555 | 12.0876 | 12.2197 | 12.3518 | 12.4839 | 12.6161 |
| Woodie | 10.0578 | 10.6583 | 11.4991 | 12.0996 | 12.9404 | 13.5409 | 14.3817 |
| Fibonacci | 10.6182 | 11.1688 | 11.5090 | 12.0595 | 12.6101 | 12.9503 | 13.5008 |
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): | 67.21 | |
| MACD (12,26,9): | 0.0342 | |
| Directional Movement: | 20.8152 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 12.1894 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.1305 | |
| Elder Ray (13): | 0.0380 | |
| Super Trend (3,10): | 12.1125 | |
| Zig ZAG (10): | 12.2160 | |
| VORTEX (21): | 1.1666 | |
| Stochastique (14,3,5): | 75.21 | |
| TEMA (21): | 12.2109 | |
| Williams %R (14): | -16.73 | |
| Chande Momentum Oscillator (20): | 0.1189 | |
| Repulse (5,40,3): | 0.3322 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0285 | |
| Courbe Coppock: | 1.63 |
| MA7: | 12.0620 | |
| MA20: | 12.0640 | |
| MA50: | 11.9280 | |
| MA100: | 11.4591 | |
| MAexp7: | 12.1925 | |
| MAexp20: | 12.1498 | |
| MAexp50: | 12.1098 | |
| MAexp100: | 12.0770 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +1.28% | |
| Price / MA50: | +2.43% | |
| Price / MA100: | +6.62% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +0.89% | |
| Price / MAexp100: | +1.17% |
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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