CHF/MXN - 1H - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 18.9537 MXN
My targets
18.8699 MXN (-0.0442)
18.6619 MXN (-0.2522)
My analysis
The bearish basic trend is very strong on CHF/MXN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 18.9537 MXN. Crossing the first support at 18.8699 MXN would be a sign of a further potential price plummet. Sellers would then use the next support located at 18.6619 MXN as an objective. Crossing it would then enable sellers to target 12.6152 MXN. Caution, a return to above the resistance located at 18.9537 MXN would be a sign of a possible consolidation phase of 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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Additional analysis
Quotes
The CHF/MXN price is 18.9141 MXN. The price is lower by -0.01% since the last closing and was traded between 18.8918 MXN and 18.9460 MXN over the period. The price is currently at +0.12% from its lowest and -0.17% from its highest.18.8918
18.9460
18.9141
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CHF/MXN indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.9938 | 12.6152 | 18.8699 | 18.9141 | 18.9185 | 18.9537 | 19.0643 |
| Change (%) | -41.88% | -33.30% | -0.23% | - | +0.02% | +0.21% | +0.79% |
| Change | -7.9203 | -6.2989 | -0.0442 | - | +0.0044 | +0.0396 | +0.1502 |
| Level | Minor | Intermediate | Major | - | Major | 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 | 18.7899 | 18.8299 | 18.8730 | 18.9130 | 18.9561 | 18.9961 | 19.0392 |
| Camarilla | 18.8933 | 18.9009 | 18.9085 | 18.9161 | 18.9237 | 18.9313 | 18.9390 |
| Woodie | 18.7915 | 18.8307 | 18.8746 | 18.9138 | 18.9577 | 18.9969 | 19.0408 |
| Fibonacci | 18.8299 | 18.8616 | 18.8813 | 18.9130 | 18.9447 | 18.9644 | 18.9961 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.4539 | 18.6619 | 18.7890 | 18.9970 | 19.1241 | 19.3321 | 19.4592 |
| Camarilla | 18.8240 | 18.8547 | 18.8854 | 18.9161 | 18.9468 | 18.9775 | 19.0083 |
| Woodie | 18.4135 | 18.6417 | 18.7486 | 18.9768 | 19.0837 | 19.3119 | 19.4188 |
| Fibonacci | 18.6619 | 18.7899 | 18.8690 | 18.9970 | 19.1250 | 19.2041 | 19.3321 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.2696 | 18.7696 | 19.0242 | 19.5242 | 19.7788 | 20.2788 | 20.5334 |
| Camarilla | 19.0713 | 19.1405 | 19.2096 | 19.2788 | 19.3480 | 19.4171 | 19.4863 |
| Woodie | 18.1469 | 18.7083 | 18.9015 | 19.4629 | 19.6561 | 20.2175 | 20.4107 |
| Fibonacci | 18.7696 | 19.0579 | 19.2359 | 19.5242 | 19.8125 | 19.9905 | 20.2788 |
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): | 47.64 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.6233 | |
| AROON (14): | 35.7143 | |
| DEMA (21): | 18.9168 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.8814 | |
| Elder Ray (13): | -0.0059 | |
| Super Trend (3,10): | 18.9560 | |
| Zig ZAG (10): | 18.9140 | |
| VORTEX (21): | 1.0085 | |
| Stochastique (14,3,5): | 43.59 | |
| TEMA (21): | 18.9257 | |
| Williams %R (14): | -65.50 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | -0.0666 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0005 | |
| Courbe Coppock: | 0.09 |
| MA7: | 19.0239 | |
| MA20: | 19.2159 | |
| MA50: | 19.5199 | |
| MA100: | 19.6268 | |
| MAexp7: | 18.9185 | |
| MAexp20: | 18.9183 | |
| MAexp50: | 18.9368 | |
| MAexp100: | 18.9878 | |
| Price / MA7: | -0.58% | |
| Price / MA20: | -1.57% | |
| Price / MA50: | -3.10% | |
| Price / MA100: | -3.63% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.39% |
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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