NZD/MXN - 1H - Technical analysis published on 06/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 14.6614 MXN
My targets
15.0247 MXN (+0.2066)
15.3536 MXN (+0.5355)
My analysis
NZD/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 14.6614 MXN. The next resistance located at 15.0247 MXN is the next bullish objective 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 15.3536 MXN. After this resistance, buyers could then target 15.7716 MXN. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/MXN rating is 14.8181 MXN. On the day, this instrument gained +0.09% and was between 14.7392 MXN and 14.8759 MXN. This implies that the price is at +0.54% from its lowest and at -0.39% from its highest.14.7392
14.8759
14.8181
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/MXN:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this NZD/MXN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
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:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 14.4401 | 14.5169 | 14.6614 | 14.8181 | 15.0247 | 15.7716 |
| Change (%) | -2.55% | -2.03% | -1.06% | - | +1.39% | +6.43% |
| Change | -0.3780 | -0.3012 | -0.1567 | - | +0.2066 | +0.9535 |
| Level | Intermediate | Major | Intermediate | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.5844 | 13.1157 | 13.9858 | 14.5171 | 15.3872 | 15.9185 | 16.7886 |
| Camarilla | 14.4704 | 14.5989 | 14.7273 | 14.8558 | 14.9843 | 15.1127 | 15.2412 |
| Woodie | 12.7537 | 13.2004 | 14.1551 | 14.6018 | 15.5565 | 16.0032 | 16.9579 |
| Fibonacci | 13.1157 | 13.6511 | 13.9818 | 14.5171 | 15.0525 | 15.3832 | 15.9185 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.6391 | 11.6073 | 13.2316 | 14.1998 | 15.8241 | 16.7923 | 18.4166 |
| Camarilla | 14.1429 | 14.3805 | 14.6182 | 14.8558 | 15.0935 | 15.3311 | 15.5687 |
| Woodie | 10.9671 | 11.7713 | 13.5596 | 14.3638 | 16.1521 | 16.9563 | 18.7446 |
| Fibonacci | 11.6073 | 12.5977 | 13.2095 | 14.1998 | 15.1902 | 15.8020 | 16.7923 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.5508 | 13.0990 | 13.9522 | 14.5004 | 15.3536 | 15.9018 | 16.7550 |
| Camarilla | 14.4201 | 14.5486 | 14.6770 | 14.8055 | 14.9340 | 15.0624 | 15.1909 |
| Woodie | 12.7034 | 13.1753 | 14.1048 | 14.5767 | 15.5062 | 15.9781 | 16.9076 |
| Fibonacci | 13.0990 | 13.6343 | 13.9650 | 14.5004 | 15.0357 | 15.3664 | 15.9018 |
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): | 55.23 | |
| MACD (12,26,9): | 0.0332 | |
| Directional Movement: | 4.8579 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 14.8318 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.6977 | |
| Elder Ray (13): | 0.0252 | |
| Super Trend (3,10): | 14.6482 | |
| Zig ZAG (10): | 14.8209 | |
| VORTEX (21): | 0.9909 | |
| Stochastique (14,3,5): | 93.42 | |
| TEMA (21): | 14.8374 | |
| Williams %R (14): | -10.71 | |
| Chande Momentum Oscillator (20): | 0.0130 | |
| Repulse (5,40,3): | -0.2079 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0317 | |
| Courbe Coppock: | 0.93 |
| MA7: | 14.4057 | |
| MA20: | 14.3763 | |
| MA50: | 14.3636 | |
| MA100: | 13.8951 | |
| MAexp7: | 14.8202 | |
| MAexp20: | 14.7923 | |
| MAexp50: | 14.7331 | |
| MAexp100: | 14.6711 | |
| Price / MA7: | +2.86% | |
| Price / MA20: | +3.07% | |
| Price / MA50: | +3.16% | |
| Price / MA100: | +6.64% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.02% |
Quotes :
2020-06-29 15:29:31
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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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