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CHF/MXN
CHF MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFMXN
ISIN:

CHF/MXN - 1H - Technical analysis published on 09/12/2024 (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
39%
33%
28%
My opinion
Bearish under 23.3426 MXN
My targets
23.1511 MXN (-0.0740)
23.0415 MXN (-0.1836)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 23.3426 MXN remains possible. It is advisable to trade CHF/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 23.3426 MXN. The next bearish objective for sellers is set at 23.1511 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 23.0415 MXN. In case of crossing, the next objective would be the support located at 21.4872 MXN. PS: if there is a bullish break in the resistance located at 23.3426 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.8

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.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

CHF/MXN rating 23.2251 MXN. The price registered a decrease of -0.02% on the session and was between 23.0675 MXN and 23.2856 MXN. This implies that the price is at +0.68% from its lowest and at -0.26% from its highest.

23.0675
23.2856
23.2251

Here is a more detailed summary of the historical variations registered by CHF/MXN:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


Technical analysis of CHF/MXN in 1H shows an overall bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

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.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 21.4872 23.0415 23.1511 23.2251 23.3426 23.5545 23.7400
Change (%) -7.48% -0.79% -0.32% - +0.51% +1.42% +2.22%
Change -1.7379 -0.1836 -0.0740 - +0.1175 +0.3294 +0.5149
Level Major Minor Major - Intermediate Minor Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.282322.743622.986923.448223.691524.152824.3961
Camarilla23.036523.101123.165723.230323.294923.359523.4241
Woodie22.173422.689122.878023.393723.582624.098324.2872
Fibonacci22.743623.012723.179023.448223.717323.883624.1528


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.340522.691023.190723.541224.040924.391424.8911
Camarilla23.456623.534523.612523.690423.768323.846323.9242
Woodie22.415122.728323.265323.578524.115524.428724.9657
Fibonacci22.691023.015823.216423.541223.866024.066624.3914


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.814219.927221.563122.676124.312025.425027.0609
Camarilla22.443122.695022.947023.199023.451023.703023.9550
Woodie19.075720.057921.824622.806824.573525.555727.3224
Fibonacci19.927220.977321.626022.676123.726224.374925.4250

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): 43.69
MACD (12,26,9): -0.0804
Directional Movement: -15.0122
AROON (14): -78.5714
DEMA (21): 23.1083
Parabolic SAR (0,02-0,02-0,2): 23.0675
Elder Ray (13): 0.0099
Super Trend (3,10): 23.2869
Zig ZAG (10): 23.1977
VORTEX (21): 0.9392
Stochastique (14,3,5): 42.14
TEMA (21): 23.0938
Williams %R (14): -50.53
Chande Momentum Oscillator (20): -0.0956
Repulse (5,40,3): 0.1079
ROCnROLL: -1
TRIX (15,9): -0.0617
Courbe Coppock: 0.92
MA7: 23.4869
MA20: 23.0491
MA50: 21.8001
MA100: 20.6099
MAexp7: 23.1544
MAexp20: 23.2222
MAexp50: 23.3576
MAexp100: 23.4331
Price / MA7: -1.11%
Price / MA20: +0.76%
Price / MA50: +6.54%
Price / MA100: +12.69%
Price / MAexp7: +0.31%
Price / MAexp20: +0.01%
Price / MAexp50: -0.57%
Price / MAexp100: -0.89%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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