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 10/15/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 22.6215 MXN

My targets

22.7431 MXN (+0.0660)

22.8880 MXN (+0.2109)

My analysis

CHF/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 22.6215 MXN. The next resistance located at 22.7431 MXN is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 22.8880 MXN. After this resistance, buyers could then target 23.0249 MXN.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.1

Comment on the analysis

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 price is 22.6771 MXN. The price has increased by +0.67% since the last closing and was traded between 22.4459 MXN and 22.6942 MXN over the period. The price is currently at +1.03% from its lowest and -0.08% from its highest.

22.4459

22.6942

22.6771

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CHF/MXN in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.3237	22.4528	22.6215	22.6771	22.7431	22.8880	23.0249
Change (%)	-1.56%	-0.99%	-0.25%	-	+0.29%	+0.93%	+1.53%
Change	-0.3534	-0.2243	-0.0556	-	+0.0660	+0.2109	+0.3478
Level	Intermediate	Major	Minor	-	Major	Minor	Minor

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
Standard	22.1682	22.2460	22.3856	22.4634	22.6030	22.6808	22.8204
Camarilla	22.4655	22.4854	22.5054	22.5253	22.5452	22.5652	22.5851
Woodie	22.1992	22.2615	22.4166	22.4789	22.6340	22.6963	22.8514
Fibonacci	22.2460	22.3290	22.3803	22.4634	22.5464	22.5977	22.6808

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.7284	22.0406	22.2637	22.5759	22.7990	23.1112	23.3343
Camarilla	22.3397	22.3888	22.4378	22.4869	22.5360	22.5850	22.6341
Woodie	21.6840	22.0183	22.2193	22.5536	22.7546	23.0889	23.2899
Fibonacci	22.0406	22.2451	22.3714	22.5759	22.7804	22.9067	23.1112

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):	65.41
MACD (12,26,9):	0.0318
Directional Movement:	12.5737
AROON (14):	42.8572
DEMA (21):	22.5575
Parabolic SAR (0,02-0,02-0,2):	22.5331
Elder Ray (13):	0.0476
Super Trend (3,10):	22.4500
Zig ZAG (10):	22.6495
VORTEX (21):	1.1143
Stochastique (14,3,5):	78.84
TEMA (21):	22.6042
Williams %R (14):	-10.60
Chande Momentum Oscillator (20):	0.0984
Repulse (5,40,3):	0.5443
ROCnROLL:	1
TRIX (15,9):	0.0090
Courbe Coppock:	0.90

MA7:	22.5931
MA20:	22.8292
MA50:	22.7682
MA100:	21.6029
MAexp7:	22.5789
MAexp20:	22.5258
MAexp50:	22.5246
MAexp100:	22.5652
Price / MA7:	+0.37%
Price / MA20:	-0.67%
Price / MA50:	-0.40%
Price / MA100:	+4.97%
Price / MAexp7:	+0.43%
Price / MAexp20:	+0.67%
Price / MAexp50:	+0.68%
Price / MAexp100:	+0.50%

Quotes : - Real time data - Forex

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

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Londinia AI

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