CHF/MXN - 1H - Technical analysis published on 08/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
78%
6%
17%
My opinion
Bearish under 21.6603 MXN
My targets
21.4872 MXN (-0.0732)
21.3522 MXN (-0.2082)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHF/MXN. As long as you are under the resistance located at 21.6603 MXN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 21.4872 MXN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 21.3522 MXN as an objective. Crossing it would then enable sellers to target 20.9791 MXN. If the resistance 21.6603 MXN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.2
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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 21.5604 MXN. On the day, this instrument gained +0.87% with the lowest point at 21.3693 MXN and the highest point at 21.5636 MXN. The deviation from the price is +0.89% for the low point and -0.01% for the high point.21.3693
21.5636
21.5604
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of CHF/MXN in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 20.9791 | 21.3522 | 21.4872 | 21.5604 | 21.6603 | 21.9942 | 22.4528 |
| Change (%) | -2.70% | -0.97% | -0.34% | - | +0.46% | +2.01% | +4.14% |
| Change | -0.5813 | -0.2082 | -0.0732 | - | +0.0999 | +0.4338 | +0.8924 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 20.8009 | 21.0763 | 21.2251 | 21.5005 | 21.6493 | 21.9247 | 22.0735 |
| Camarilla | 21.2573 | 21.2961 | 21.3350 | 21.3739 | 21.4128 | 21.4517 | 21.4906 |
| Woodie | 20.7376 | 21.0447 | 21.1618 | 21.4689 | 21.5860 | 21.8931 | 22.0102 |
| Fibonacci | 21.0763 | 21.2383 | 21.3385 | 21.5005 | 21.6625 | 21.7627 | 21.9247 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.8846 | 20.2725 | 21.0134 | 22.4013 | 23.1422 | 24.5301 | 25.2710 |
| Camarilla | 21.1690 | 21.3641 | 21.5593 | 21.7544 | 21.9495 | 22.1447 | 22.3398 |
| Woodie | 18.5612 | 20.1108 | 20.6900 | 22.2396 | 22.8188 | 24.3684 | 24.9476 |
| Fibonacci | 20.2725 | 21.0857 | 21.5881 | 22.4013 | 23.2145 | 23.7169 | 24.5301 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.2788 | 18.9808 | 20.1061 | 20.8081 | 21.9334 | 22.6354 | 23.7607 |
| Camarilla | 20.7290 | 20.8965 | 21.0640 | 21.2315 | 21.3990 | 21.5665 | 21.7340 |
| Woodie | 18.4906 | 19.0866 | 20.3179 | 20.9139 | 22.1452 | 22.7412 | 23.9725 |
| Fibonacci | 18.9808 | 19.6788 | 20.1100 | 20.8081 | 21.5061 | 21.9373 | 22.6354 |
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): | 56.97 | |
| MACD (12,26,9): | -0.0278 | |
| Directional Movement: | 7.5151 | |
| AROON (14): | 100.0000 | |
| DEMA (21): | 21.4035 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.6258 | |
| Elder Ray (13): | 0.0735 | |
| Super Trend (3,10): | 21.3768 | |
| Zig ZAG (10): | 21.5326 | |
| VORTEX (21): | 1.1399 | |
| Stochastique (14,3,5): | 79.42 | |
| TEMA (21): | 21.4518 | |
| Williams %R (14): | -2.07 | |
| Chande Momentum Oscillator (20): | 0.1662 | |
| Repulse (5,40,3): | 0.4668 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0411 | |
| Courbe Coppock: | 0.78 |
| MA7: | 21.7422 | |
| MA20: | 21.5394 | |
| MA50: | 20.8033 | |
| MA100: | 19.7165 | |
| MAexp7: | 21.4710 | |
| MAexp20: | 21.4592 | |
| MAexp50: | 21.5693 | |
| MAexp100: | 21.7115 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +3.64% | |
| Price / MA100: | +9.35% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | -0.04% | |
| Price / MAexp100: | -0.70% |
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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