NZD/MXN - 1H - Technical analysis published on 07/15/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 14.7422 MXN
My targets
14.6516 MXN (-0.0352)
14.6048 MXN (-0.0820)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on NZD/MXN. As long as you are under the resistance located at 14.7422 MXN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 14.6516 MXN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 14.6048 MXN as an objective. Crossing it would then enable sellers to target 14.5169 MXN. If the resistance 14.7422 MXN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.4
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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
NZD/MXN rating 14.6868 MXN. The price has increased by +0.16% since the last closing with the lowest point at 14.6220 MXN and the highest point at 14.7100 MXN. The deviation from the price is +0.44% for the low point and -0.16% for the high point.14.6220
14.7100
14.6868
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/MXN indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 7 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.5169 | 14.6048 | 14.6516 | 14.6868 | 14.7422 | 14.8262 | 14.9010 |
| Change (%) | -1.16% | -0.56% | -0.24% | - | +0.38% | +0.95% | +1.46% |
| Change | -0.1699 | -0.0820 | -0.0352 | - | +0.0554 | +0.1394 | +0.2142 |
| Level | Major | Minor | Minor | - | Minor | 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 | 14.3537 | 14.4931 | 14.5785 | 14.7179 | 14.8033 | 14.9427 | 15.0281 |
| Camarilla | 14.6021 | 14.6227 | 14.6433 | 14.6639 | 14.6845 | 14.7051 | 14.7257 |
| Woodie | 14.3267 | 14.4796 | 14.5515 | 14.7044 | 14.7763 | 14.9292 | 15.0011 |
| Fibonacci | 14.4931 | 14.5790 | 14.6320 | 14.7179 | 14.8038 | 14.8568 | 14.9427 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.0213 | 14.2699 | 14.5131 | 14.7617 | 15.0049 | 15.2535 | 15.4967 |
| Camarilla | 14.6212 | 14.6662 | 14.7113 | 14.7564 | 14.8015 | 14.8466 | 14.8916 |
| Woodie | 14.0187 | 14.2686 | 14.5105 | 14.7604 | 15.0023 | 15.2522 | 15.4941 |
| Fibonacci | 14.2699 | 14.4577 | 14.5738 | 14.7617 | 14.9495 | 15.0656 | 15.2535 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.8758 | 13.2892 | 14.0682 | 14.4816 | 15.2606 | 15.6740 | 16.4530 |
| Camarilla | 14.5192 | 14.6285 | 14.7378 | 14.8471 | 14.9564 | 15.0657 | 15.1750 |
| Woodie | 13.0585 | 13.3806 | 14.2509 | 14.5730 | 15.4433 | 15.7654 | 16.6357 |
| Fibonacci | 13.2892 | 13.7447 | 14.0261 | 14.4816 | 14.9371 | 15.2185 | 15.6740 |
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): | 43.19 | |
| MACD (12,26,9): | -0.0257 | |
| Directional Movement: | -2.4660 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 14.6412 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.6924 | |
| Elder Ray (13): | 0.0013 | |
| Super Trend (3,10): | 14.7284 | |
| Zig ZAG (10): | 14.6685 | |
| VORTEX (21): | 0.9771 | |
| Stochastique (14,3,5): | 38.48 | |
| TEMA (21): | 14.6382 | |
| Williams %R (14): | -62.84 | |
| Chande Momentum Oscillator (20): | -0.0472 | |
| Repulse (5,40,3): | -0.0959 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0301 | |
| Courbe Coppock: | 0.24 |
| MA7: | 14.8047 | |
| MA20: | 14.7046 | |
| MA50: | 14.4028 | |
| MA100: | 14.1932 | |
| MAexp7: | 14.6600 | |
| MAexp20: | 14.6762 | |
| MAexp50: | 14.7247 | |
| MAexp100: | 14.7632 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | +1.97% | |
| Price / MA100: | +3.48% | |
| Price / MAexp7: | +0.19% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.51% |
Quotes :
2020-07-15 15:22:45
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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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