NZD/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	NZDMXN
ISIN:

NZD/MXN - Daily - Technical analysis published on 07/07/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 10.9891 MXN

My targets

10.4881 MXN (-0.2108)

10.1452 MXN (-0.5537)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 10.9891 MXN remains possible. It is advisable to trade NZD/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 10.9891 MXN. The next bearish objective for sellers is set at 10.4881 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10.1452 MXN. In case of crossing, the next objective would be the support located at 9.9003 MXN. PS: if there is a bullish break in the resistance located at 10.9891 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

0.4

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.

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Additional analysis

Quotes

NZD/MXN rating 10.6989 MXN. The price has increased by +0.77% since the last closing and was between 10.5991 MXN and 10.7007 MXN. This implies that the price is at +0.94% from its lowest and at -0.02% from its highest.

10.5991

10.7007

10.6989

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

Here is a more detailed summary of the historical variations registered by NZD/MXN:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of NZD/MXN indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9.9003	10.4881	10.6780	10.6989	10.9891	11.2592	11.8555
Change (%)	-7.46%	-1.97%	-0.20%	-	+2.71%	+5.24%	+10.81%
Change	-0.7986	-0.2108	-0.0209	-	+0.2902	+0.5603	+1.1566
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Intermediate

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	10.2925	10.3884	10.5030	10.5989	10.7135	10.8094	10.9240
Camarilla	10.5598	10.5791	10.5984	10.6177	10.6370	10.6563	10.6756
Woodie	10.3020	10.3931	10.5125	10.6036	10.7230	10.8141	10.9335
Fibonacci	10.3884	10.4688	10.5185	10.5989	10.6793	10.7290	10.8094

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.1075	10.2262	10.3676	10.4863	10.6277	10.7464	10.8878
Camarilla	10.4374	10.4612	10.4851	10.5089	10.5327	10.5566	10.5804
Woodie	10.1188	10.2319	10.3789	10.4920	10.6390	10.7521	10.8991
Fibonacci	10.2262	10.3256	10.3870	10.4863	10.5857	10.6471	10.7464

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9.9453	10.1452	10.3270	10.5269	10.7087	10.9086	11.0904
Camarilla	10.4039	10.4389	10.4739	10.5089	10.5439	10.5789	10.6139
Woodie	9.9364	10.1407	10.3181	10.5224	10.6998	10.9041	11.0815
Fibonacci	10.1452	10.2910	10.3811	10.5269	10.6727	10.7628	10.9086

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):	54.88
MACD (12,26,9):	-0.0507
Directional Movement:	1.9978
AROON (14):	42.8571
DEMA (21):	10.5028
Parabolic SAR (0,02-0,02-0,2):	10.3635
Elder Ray (13):	0.0804
Super Trend (3,10):	10.6991
Zig ZAG (10):	10.6919
VORTEX (21):	1.0507
Stochastique (14,3,5):	73.58
TEMA (21):	10.5507
Williams %R (14):	-0.60
Chande Momentum Oscillator (20):	0.0632
Repulse (5,40,3):	1.7215
ROCnROLL:	-1
TRIX (15,9):	-0.1098
Courbe Coppock:	1.31

MA7:	10.5406
MA20:	10.5712
MA50:	10.7772
MA100:	11.0598
MAexp7:	10.5790
MAexp20:	10.5879
MAexp50:	10.7617
MAexp100:	11.0403
Price / MA7:	+1.50%
Price / MA20:	+1.21%
Price / MA50:	-0.73%
Price / MA100:	-3.26%
Price / MAexp7:	+1.13%
Price / MAexp20:	+1.05%
Price / MAexp50:	-0.58%
Price / MAexp100:	-3.09%

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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