CHF/MXN - 1H - Technical analysis published on 10/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 22.7907 MXN
My targets
22.5953 MXN (-0.0284)
22.5659 MXN (-0.0578)
My analysis
The basic trend is bearish on CHF/MXN and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 22.7907 MXN. Buyers would then use the next resistance located at 22.9356 MXN as an objective. Crossing it would then enable buyers to target 23.1511 MXN. If there is a return to below the support located at 22.5953 MXN, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 22.5659 MXN and 22.2156 MXN by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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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 22.6237 MXN. On the day, this instrument gained +0.73% and was traded between 22.3527 MXN and 22.6368 MXN over the period. The price is currently at +1.21% from its lowest and -0.06% from its highest.22.3527
22.6368
22.6237
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 bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 | 21.4872 | 22.2156 | 22.5953 | 22.6237 | 22.7907 | 22.9356 | 23.1511 |
| Change (%) | -5.02% | -1.80% | -0.13% | - | +0.74% | +1.38% | +2.33% |
| Change | -1.1365 | -0.4081 | -0.0284 | - | +0.1670 | +0.3119 | +0.5274 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 21.6113 | 21.9135 | 22.1871 | 22.4893 | 22.7629 | 23.0651 | 23.3387 |
| Camarilla | 22.3025 | 22.3552 | 22.4080 | 22.4608 | 22.5136 | 22.5664 | 22.6192 |
| Woodie | 21.5971 | 21.9064 | 22.1729 | 22.4822 | 22.7487 | 23.0580 | 23.3245 |
| Fibonacci | 21.9135 | 22.1334 | 22.2693 | 22.4893 | 22.7092 | 22.8451 | 23.0651 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.7047 | 21.4601 | 21.9605 | 22.7159 | 23.2163 | 23.9717 | 24.4721 |
| Camarilla | 22.1155 | 22.2306 | 22.3457 | 22.4608 | 22.5759 | 22.6910 | 22.8062 |
| Woodie | 20.5771 | 21.3964 | 21.8329 | 22.6522 | 23.0887 | 23.9080 | 24.3445 |
| Fibonacci | 21.4601 | 21.9399 | 22.2362 | 22.7159 | 23.1957 | 23.4920 | 23.9717 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.27 | |
| MACD (12,26,9): | -0.0371 | |
| Directional Movement: | -11.9551 | |
| AROON (14): | -35.7143 | |
| DEMA (21): | 22.4096 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.3664 | |
| Elder Ray (13): | 0.0105 | |
| Super Trend (3,10): | 22.5593 | |
| Zig ZAG (10): | 22.4717 | |
| VORTEX (21): | 1.1704 | |
| Stochastique (14,3,5): | 76.35 | |
| TEMA (21): | 22.4401 | |
| Williams %R (14): | -8.12 | |
| Chande Momentum Oscillator (20): | 0.0293 | |
| Repulse (5,40,3): | 0.2851 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0333 | |
| Courbe Coppock: | 0.09 |
| MA7: | 22.9182 | |
| MA20: | 22.9415 | |
| MA50: | 22.6943 | |
| MA100: | 21.3426 | |
| MAexp7: | 22.4551 | |
| MAexp20: | 22.4687 | |
| MAexp50: | 22.5868 | |
| MAexp100: | 22.7450 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | -1.39% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | +6.00% | |
| Price / MAexp7: | +0.76% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | -0.52% |
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.
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