NZD/MXN - 1H - Technical analysis published on 08/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 11.2145 MXN
My targets
11.2851 MXN (+0.0063)
11.3308 MXN (+0.0520)
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 11.2145 MXN. The next resistance located at 11.2851 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 11.3308 MXN. After this resistance, buyers could then target 11.6047 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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 NZD/MXN rating is 11.2788 MXN. On the day, this instrument gained +0.38% with the lowest point at 11.2250 MXN and the highest point at 11.3049 MXN. The deviation from the price is +0.48% for the low point and -0.23% for the high point.11.2250
11.3049
11.2788
Here is a more detailed summary of the historical variations registered by NZD/MXN:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/MXN chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.9935 | 11.1440 | 11.2145 | 11.2788 | 11.6047 | 11.8555 | 12.7217 |
| Change (%) | -2.53% | -1.20% | -0.57% | - | +2.89% | +5.11% | +12.79% |
| Change | -0.2853 | -0.1348 | -0.0643 | - | +0.3259 | +0.5767 | +1.4429 |
| Level | Major | Minor | Minor | - | Major | Major | Intermediate |
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 | 10.8007 | 10.8983 | 11.0674 | 11.1650 | 11.3341 | 11.4317 | 11.6008 |
| Camarilla | 11.1633 | 11.1877 | 11.2122 | 11.2366 | 11.2611 | 11.2855 | 11.3099 |
| Woodie | 10.8366 | 10.9162 | 11.1033 | 11.1829 | 11.3700 | 11.4496 | 11.6367 |
| Fibonacci | 10.8983 | 11.0002 | 11.0631 | 11.1650 | 11.2669 | 11.3298 | 11.4317 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.4289 | 10.5597 | 10.7143 | 10.8451 | 10.9997 | 11.1305 | 11.2851 |
| Camarilla | 10.7903 | 10.8165 | 10.8426 | 10.8688 | 10.8950 | 10.9211 | 10.9473 |
| Woodie | 10.4407 | 10.5657 | 10.7261 | 10.8511 | 11.0115 | 11.1365 | 11.2969 |
| Fibonacci | 10.5597 | 10.6688 | 10.7361 | 10.8451 | 10.9542 | 11.0215 | 11.1305 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.1880 | 10.4229 | 10.7594 | 10.9943 | 11.3308 | 11.5657 | 11.9022 |
| Camarilla | 10.9388 | 10.9911 | 11.0435 | 11.0959 | 11.1483 | 11.2007 | 11.2530 |
| Woodie | 10.2388 | 10.4483 | 10.8102 | 11.0197 | 11.3816 | 11.5911 | 11.9530 |
| Fibonacci | 10.4229 | 10.6412 | 10.7760 | 10.9943 | 11.2126 | 11.3474 | 11.5657 |
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): | 71.07 | |
| MACD (12,26,9): | 0.0472 | |
| Directional Movement: | 22.7051 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 11.2739 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.1802 | |
| Elder Ray (13): | 0.0543 | |
| Super Trend (3,10): | 11.1933 | |
| Zig ZAG (10): | 11.2903 | |
| VORTEX (21): | 1.2475 | |
| Stochastique (14,3,5): | 97.40 | |
| TEMA (21): | 11.2987 | |
| Williams %R (14): | -3.20 | |
| Chande Momentum Oscillator (20): | 0.1305 | |
| Repulse (5,40,3): | 0.4031 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0530 | |
| Courbe Coppock: | 2.38 |
| MA7: | 11.0585 | |
| MA20: | 10.9133 | |
| MA50: | 10.9945 | |
| MA100: | 10.5309 | |
| MAexp7: | 11.2688 | |
| MAexp20: | 11.2161 | |
| MAexp50: | 11.1494 | |
| MAexp100: | 11.0787 | |
| Price / MA7: | +1.99% | |
| Price / MA20: | +3.35% | |
| Price / MA50: | +2.59% | |
| Price / MA100: | +7.10% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.56% | |
| Price / MAexp50: | +1.16% | |
| Price / MAexp100: | +1.81% |
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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