CHF/MXN - 1H - Technical analysis published on 10/03/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 23.0072 MXN
My targets
22.7552 MXN (-0.1370)
22.5953 MXN (-0.2969)
My analysis
CHF/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 23.0072 MXN. The next support located at 22.7552 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 22.5953 MXN. Below this support, sellers could then target 21.4872 MXN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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 CHF/MXN rating is 22.8922 MXN. On the day, this instrument gained +0.18% with the lowest point at 22.8329 MXN and the highest point at 22.8973 MXN. The deviation from the price is +0.26% for the low point and -0.02% for the high point.22.8329
22.8973
22.8922
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 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
A technical analysis in 1H of this CHF/MXN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.4872 | 22.5953 | 22.7552 | 22.8922 | 23.0072 | 23.1511 | 23.2652 |
| Change (%) | -6.14% | -1.30% | -0.60% | - | +0.50% | +1.13% | +1.63% |
| Change | -1.4050 | -0.2969 | -0.1370 | - | +0.1150 | +0.2589 | +0.3730 |
| Level | Major | Minor | Intermediate | - | 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 | 22.1384 | 22.4465 | 22.6489 | 22.9570 | 23.1594 | 23.4675 | 23.6699 |
| Camarilla | 22.7108 | 22.7576 | 22.8044 | 22.8512 | 22.8980 | 22.9448 | 22.9916 |
| Woodie | 22.0855 | 22.4201 | 22.5960 | 22.9306 | 23.1065 | 23.4411 | 23.6170 |
| Fibonacci | 22.4465 | 22.6415 | 22.7620 | 22.9570 | 23.1520 | 23.2725 | 23.4675 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.1280 | 22.4187 | 22.9234 | 23.2141 | 23.7188 | 24.0095 | 24.5142 |
| Camarilla | 23.2094 | 23.2823 | 23.3552 | 23.4281 | 23.5010 | 23.5739 | 23.6468 |
| Woodie | 22.2350 | 22.4722 | 23.0304 | 23.2676 | 23.8258 | 24.0630 | 24.6212 |
| Fibonacci | 22.4187 | 22.7225 | 22.9103 | 23.2141 | 23.5179 | 23.7057 | 24.0095 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.1786 | 21.8503 | 22.5659 | 23.2376 | 23.9532 | 24.6249 | 25.3405 |
| Camarilla | 22.8999 | 23.0271 | 23.1542 | 23.2814 | 23.4086 | 23.5357 | 23.6629 |
| Woodie | 21.2005 | 21.8613 | 22.5878 | 23.2486 | 23.9751 | 24.6359 | 25.3624 |
| Fibonacci | 21.8503 | 22.3803 | 22.7077 | 23.2376 | 23.7676 | 24.0950 | 24.6249 |
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): | 39.96 | |
| MACD (12,26,9): | -0.0787 | |
| Directional Movement: | -9.4194 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 22.8225 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.7575 | |
| Elder Ray (13): | -0.0115 | |
| Super Trend (3,10): | 23.0486 | |
| Zig ZAG (10): | 22.8845 | |
| VORTEX (21): | 0.8194 | |
| Stochastique (14,3,5): | 36.71 | |
| TEMA (21): | 22.8053 | |
| Williams %R (14): | -57.08 | |
| Chande Momentum Oscillator (20): | 0.0007 | |
| Repulse (5,40,3): | 0.0901 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0562 | |
| Courbe Coppock: | 1.38 |
| MA7: | 23.1328 | |
| MA20: | 23.0591 | |
| MA50: | 22.6379 | |
| MA100: | 21.2596 | |
| MAexp7: | 22.8660 | |
| MAexp20: | 22.9302 | |
| MAexp50: | 23.0543 | |
| MAexp100: | 23.1079 | |
| Price / MA7: | -1.04% | |
| Price / MA20: | -0.72% | |
| Price / MA50: | +1.12% | |
| Price / MA100: | +7.68% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.15% | |
| Price / MAexp50: | -0.69% | |
| Price / MAexp100: | -0.92% |
Quotes :
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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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