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 10/24/2024 (GMT)

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  • 10/24/2024 - 11:50
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  • Timeframe : 1H
  • - Analysis generated on 10/24/2024 - 11:50
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 22.9461 MXN
My targets
22.8543 MXN (-0.0257)
22.6962 MXN (-0.1838)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on CHF/MXN as long as the price remains well below 22.9461 MXN. The next bearish objective for sellers is set at 22.8543 MXN. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 22.6962 MXN. If there is any crossing, the next objective would be the support located at 22.4528 MXN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

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
3.2

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/MXN rating is 22.8800 MXN. The price is lower by -0.04% since the last closing and was between 22.7845 MXN and 22.9399 MXN. This implies that the price is at +0.42% from its lowest and at -0.26% from its highest.

22.7845
22.9399
22.8800

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
Created with Raphaël 2.3.0-100102030January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of CHF/MXN indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Aroon indicator bullish trend

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.4528 22.6962 22.8543 22.8800 22.9461 23.0807 23.1511
Change (%) -1.87% -0.80% -0.11% - +0.29% +0.88% +1.18%
Change -0.4272 -0.1838 -0.0257 - +0.0661 +0.2007 +0.2711
Level Major Intermediate Major - Intermediate Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.484822.679222.783622.978023.082423.276823.3812
Camarilla22.805922.833322.860722.888122.915522.942922.9703
Woodie22.439922.656722.738722.955523.037523.254323.3363
Fibonacci22.679222.793322.863822.978023.092123.162623.2768


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.641021.982322.481922.823223.322823.664124.1637
Camarilla22.750222.827222.904322.981423.058523.135623.2127
Woodie21.720122.021922.561022.862823.401923.703724.2428
Fibonacci21.982322.303622.502022.823223.144523.342923.6641


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.178621.850322.565923.237623.953224.624925.3405
Camarilla22.899923.027123.154223.281423.408623.535723.6629
Woodie21.200521.861322.587823.248623.975124.635925.3624
Fibonacci21.850322.380322.707723.237623.767624.095024.6249

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
Created with Raphaël 2.3.0Buy8
Moving averages
Created with Raphaël 2.3.0Sell22

RSI (14): 46.17
MACD (12,26,9): -0.0270
Directional Movement: -6.9183
AROON (14): 28.5714
DEMA (21): 22.8743
Parabolic SAR (0,02-0,02-0,2): 22.7926
Elder Ray (13): 0.0168
Super Trend (3,10): 22.9664
Zig ZAG (10): 22.8906
VORTEX (21): 0.8839
Stochastique (14,3,5): 81.85
TEMA (21): 22.8648
Williams %R (14): -37.19
Chande Momentum Oscillator (20): -0.0069
Repulse (5,40,3): -0.0561
ROCnROLL: 2
TRIX (15,9): -0.0230
Courbe Coppock: 0.27
MA7: 22.9652
MA20: 22.8549
MA50: 22.9268
MA100: 21.8549
MAexp7: 22.8906
MAexp20: 22.9144
MAexp50: 22.9569
MAexp100: 22.9607
Price / MA7: -0.37%
Price / MA20: +0.11%
Price / MA50: -0.20%
Price / MA100: +4.69%
Price / MAexp7: -0.05%
Price / MAexp20: -0.15%
Price / MAexp50: -0.33%
Price / MAexp100: -0.35%

Quotes : 10/24/2024 - 11:50 - Real time data - Forex

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

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