AUD/MXN - 1H - Technical analysis published on 08/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
50%
33%
17%
My opinion
Bullish above 12.9080 MXN
My targets
13.1077 MXN (+0.0951)
13.4579 MXN (+0.4453)
My analysis
The basic bullish trend is very strong on AUD/MXN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 12.9080 MXN. Crossing the first resistance at 13.1077 MXN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 13.4579 MXN as an objective. Crossing it would then enable buyers to target 14.2727 MXN. Caution, a return to below 12.9080 MXN would be a sign of a consolidation phase in the short-term basic trend. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.5
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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 13.0126 MXN. The price registered an increase of +0.00% on the session and was traded between 12.9864 MXN and 13.0561 MXN over the period. The price is currently at +0.20% from its lowest and -0.33% from its highest.12.9864
13.0561
13.0126
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 HIGH record (1 year)
Type : Bullish
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. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 12.4854 | 12.6301 | 12.7594 | 13.0126 | 13.1077 | 13.4579 | 14.2727 |
| Change (%) | -4.05% | -2.94% | -1.95% | - | +0.73% | +3.42% | +9.68% |
| Change | -0.5272 | -0.3825 | -0.2532 | - | +0.0951 | +0.4453 | +1.2601 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.4556 | 12.6050 | 12.8089 | 12.9583 | 13.1622 | 13.3116 | 13.5155 |
| Camarilla | 12.9156 | 12.9480 | 12.9804 | 13.0128 | 13.0452 | 13.0776 | 13.1100 |
| Woodie | 12.4829 | 12.6186 | 12.8362 | 12.9719 | 13.1895 | 13.3252 | 13.5428 |
| Fibonacci | 12.6050 | 12.7400 | 12.8233 | 12.9583 | 13.0933 | 13.1766 | 13.3116 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.9876 | 12.1546 | 12.2944 | 12.4614 | 12.6012 | 12.7682 | 12.9080 |
| Camarilla | 12.3498 | 12.3780 | 12.4061 | 12.4342 | 12.4623 | 12.4905 | 12.5186 |
| Woodie | 11.9740 | 12.1478 | 12.2808 | 12.4546 | 12.5876 | 12.7614 | 12.8944 |
| Fibonacci | 12.1546 | 12.2718 | 12.3442 | 12.4614 | 12.5786 | 12.6510 | 12.7682 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.5115 | 11.6891 | 11.9491 | 12.1267 | 12.3867 | 12.5643 | 12.8243 |
| Camarilla | 12.0888 | 12.1289 | 12.1690 | 12.2091 | 12.2492 | 12.2893 | 12.3294 |
| Woodie | 11.5527 | 11.7097 | 11.9903 | 12.1473 | 12.4279 | 12.5849 | 12.8655 |
| Fibonacci | 11.6891 | 11.8563 | 11.9595 | 12.1267 | 12.2939 | 12.3971 | 12.5643 |
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): | 66.56 | |
| MACD (12,26,9): | 0.0443 | |
| Directional Movement: | 20.1196 | |
| AROON (14): | 78.5714 | |
| DEMA (21): | 13.0564 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.1056 | |
| Elder Ray (13): | 0.0084 | |
| Super Trend (3,10): | 12.9394 | |
| Zig ZAG (10): | 13.0169 | |
| VORTEX (21): | 1.1814 | |
| Stochastique (14,3,5): | 48.89 | |
| TEMA (21): | 13.0414 | |
| Williams %R (14): | -52.37 | |
| Chande Momentum Oscillator (20): | 0.0050 | |
| Repulse (5,40,3): | -0.0506 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0608 | |
| Courbe Coppock: | 0.18 |
| MA7: | 12.6586 | |
| MA20: | 12.5007 | |
| MA50: | 12.2632 | |
| MA100: | 11.7504 | |
| MAexp7: | 13.0190 | |
| MAexp20: | 12.9912 | |
| MAexp50: | 12.8825 | |
| MAexp100: | 12.7553 | |
| Price / MA7: | +2.80% | |
| Price / MA20: | +4.09% | |
| Price / MA50: | +6.11% | |
| Price / MA100: | +10.74% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +1.01% | |
| Price / MAexp100: | +2.01% |
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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