CHF/MXN - 1H - Technical analysis published on 12/27/2023 (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
67%
6%
28%
My opinion
Bullish above 19.8570 MXN
My targets
19.9320 MXN (+0.0402)
20.0202 MXN (+0.1284)
My analysis
CHF/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 19.8570 MXN. The next resistance located at 19.9320 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 20.0202 MXN. After this resistance, buyers could then target 20.3855 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, 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
7
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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 CHF/MXN price is 19.8918 MXN. The price is lower by -0.02% since the last closing with the lowest point at 19.8810 MXN and the highest point at 19.9015 MXN. The deviation from the price is +0.05% for the low point and -0.05% for the high point.19.8810
19.9015
19.8918
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
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 CHF/MXN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 82.14% 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.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.8270 | 19.8570 | 19.8860 | 19.8918 | 19.9320 | 20.0202 | 20.3855 |
| Change (%) | -0.33% | -0.17% | -0.03% | - | +0.20% | +0.65% | +2.48% |
| Change | -0.0648 | -0.0348 | -0.0058 | - | +0.0402 | +0.1284 | +0.4937 |
| Level | Minor | Minor | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.6353 | 19.6958 | 19.7956 | 19.8561 | 19.9559 | 20.0164 | 20.1162 |
| Camarilla | 19.8512 | 19.8659 | 19.8806 | 19.8953 | 19.9100 | 19.9247 | 19.9394 |
| Woodie | 19.6549 | 19.7056 | 19.8152 | 19.8659 | 19.9755 | 20.0262 | 20.1358 |
| Fibonacci | 19.6958 | 19.7571 | 19.7949 | 19.8561 | 19.9174 | 19.9552 | 20.0164 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.7716 | 19.8008 | 19.8389 | 19.8681 | 19.9062 | 19.9354 | 19.9735 |
| Camarilla | 19.8585 | 19.8647 | 19.8708 | 19.8770 | 19.8832 | 19.8893 | 19.8955 |
| Woodie | 19.7761 | 19.8030 | 19.8434 | 19.8703 | 19.9107 | 19.9376 | 19.9780 |
| Fibonacci | 19.8008 | 19.8265 | 19.8424 | 19.8681 | 19.8938 | 19.9097 | 19.9354 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.6166 | 18.9206 | 19.3995 | 19.7035 | 20.1824 | 20.4864 | 20.9653 |
| Camarilla | 19.6632 | 19.7350 | 19.8067 | 19.8785 | 19.9503 | 20.0220 | 20.0938 |
| Woodie | 18.7042 | 18.9643 | 19.4871 | 19.7472 | 20.2700 | 20.5301 | 21.0529 |
| Fibonacci | 18.9206 | 19.2196 | 19.4044 | 19.7035 | 20.0025 | 20.1873 | 20.4864 |
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): | 58.90 | |
| MACD (12,26,9): | 0.0128 | |
| Directional Movement: | 10.2934 | |
| AROON (14): | 57.1429 | |
| DEMA (21): | 19.8814 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.8558 | |
| Elder Ray (13): | 0.0161 | |
| Super Trend (3,10): | 19.8202 | |
| Zig ZAG (10): | 19.8932 | |
| VORTEX (21): | 1.0335 | |
| Stochastique (14,3,5): | 81.01 | |
| TEMA (21): | 19.8963 | |
| Williams %R (14): | -24.36 | |
| Chande Momentum Oscillator (20): | 0.0401 | |
| Repulse (5,40,3): | -0.0394 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0037 | |
| Courbe Coppock: | 0.79 |
| MA7: | 19.8722 | |
| MA20: | 19.8396 | |
| MA50: | 19.7609 | |
| MA100: | 19.5978 | |
| MAexp7: | 19.8882 | |
| MAexp20: | 19.8689 | |
| MAexp50: | 19.8624 | |
| MAexp100: | 19.8587 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.26% | |
| Price / MA50: | +0.66% | |
| Price / MA100: | +1.50% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
Real time data
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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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