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 09/19/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 13.0521 MXN

My targets

13.1505 MXN (+0.0845)

13.2566 MXN (+0.1906)

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 13.0521 MXN. The buyers' bullish objective is set at 13.1505 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 13.2566 MXN. If there is any crossing, the next objective would be the resistance located at 13.3550 MXN.

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

6.1

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

The AUD/MXN rating is 13.0660 MXN. On the day, this instrument gained +0.41% and was traded between 13.0031 MXN and 13.0738 MXN over the period. The price is currently at +0.48% from its lowest and -0.06% from its highest.

13.0031

13.0738

13.0660

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 bullish. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced 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.

The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

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 a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.3919	12.8920	12.9572	13.0660	13.1505	13.2566	13.3550
Change (%)	-5.16%	-1.33%	-0.83%	-	+0.65%	+1.46%	+2.21%
Change	-0.6741	-0.1740	-0.1088	-	+0.0845	+0.1906	+0.2890
Level	Major	Intermediate	Minor	-	Intermediate	Intermediate	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	12.6962	12.8056	12.9095	13.0189	13.1228	13.2322	13.3361
Camarilla	12.9546	12.9742	12.9938	13.0133	13.0329	13.0524	13.0720
Woodie	12.6934	12.8042	12.9067	13.0175	13.1200	13.2308	13.3333
Fibonacci	12.8056	12.8871	12.9375	13.0189	13.1004	13.1508	13.2322

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.1473	12.5072	12.6922	13.0521	13.2371	13.5970	13.7820
Camarilla	12.7273	12.7772	12.8272	12.8771	12.9271	12.9770	13.0270
Woodie	12.0598	12.4635	12.6047	13.0084	13.1496	13.5533	13.6945
Fibonacci	12.5072	12.7154	12.8440	13.0521	13.2603	13.3889	13.5970

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.9303	11.4996	12.4190	12.9883	13.9077	14.4770	15.3964
Camarilla	12.9290	13.0655	13.2019	13.3384	13.4749	13.6113	13.7478
Woodie	11.1054	11.5871	12.5941	13.0758	14.0828	14.5645	15.5715
Fibonacci	11.4996	12.0683	12.4196	12.9883	13.5570	13.9083	14.4770

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):	61.24
MACD (12,26,9):	0.0207
Directional Movement:	8.4622
AROON (14):	35.7143
DEMA (21):	13.0479
Parabolic SAR (0,02-0,02-0,2):	13.0938
Elder Ray (13):	0.0279
Super Trend (3,10):	12.9668
Zig ZAG (10):	13.0669
VORTEX (21):	1.1428
Stochastique (14,3,5):	56.67
TEMA (21):	13.0614
Williams %R (14):	-42.11
Chande Momentum Oscillator (20):	0.0325
Repulse (5,40,3):	0.2247
ROCnROLL:	1
TRIX (15,9):	0.0214
Courbe Coppock:	0.92

MA7:	13.0313
MA20:	13.2228
MA50:	12.6893
MA100:	12.2023
MAexp7:	13.0444
MAexp20:	13.0226
MAexp50:	13.0033
MAexp100:	13.0270
Price / MA7:	+0.27%
Price / MA20:	-1.19%
Price / MA50:	+2.97%
Price / MA100:	+7.08%
Price / MAexp7:	+0.17%
Price / MAexp20:	+0.33%
Price / MAexp50:	+0.48%
Price / MAexp100:	+0.30%

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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