NZD/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	NZDMXN
ISIN:

NZD/MXN - 1H - Technical analysis published on 08/06/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 11.5657 MXN

My targets

11.6511 MXN (+0.0495)

11.7622 MXN (+0.1606)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NZD/MXN as long as the price remains well above 11.5657 MXN. The buyers' bullish objective is set at 11.6511 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.7622 MXN. If there is any crossing, the next objective would be the resistance located at 11.8555 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

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.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

NZD/MXN rating 11.6016 MXN. The price has increased by +1.55% since the last closing and was traded between 11.3802 MXN and 11.6054 MXN over the period. The price is currently at +1.95% from its lowest and -0.03% from its highest.

11.3802

11.6054

11.6016

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:

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

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 NZD/MXN indicates that the overall trend is strongly bullish. 89.29% 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.9935	11.1973	11.4572	11.6016	11.6047	11.7622	11.8555
Change (%)	-5.24%	-3.48%	-1.24%	-	+0.03%	+1.38%	+2.19%
Change	-0.6081	-0.4043	-0.1444	-	+0.0031	+0.1606	+0.2539
Level	Major	Minor	Intermediate	-	Major	Minor	Major

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	10.5662	10.9743	11.1992	11.6073	11.8322	12.2403	12.4652
Camarilla	11.2501	11.3082	11.3662	11.4242	11.4822	11.5403	11.5983
Woodie	10.4747	10.9285	11.1077	11.5615	11.7407	12.1945	12.3737
Fibonacci	10.9743	11.2161	11.3655	11.6073	11.8491	11.9985	12.2403

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.3777	10.6011	11.0144	11.2378	11.6511	11.8745	12.2878
Camarilla	11.2527	11.3111	11.3694	11.4278	11.4862	11.5445	11.6029
Woodie	10.4728	10.6486	11.1095	11.2853	11.7462	11.9220	12.3829
Fibonacci	10.6011	10.8443	10.9946	11.2378	11.4810	11.6313	11.8745

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.33
MACD (12,26,9):	0.0108
Directional Movement:	11.1731
AROON (14):	85.7143
DEMA (21):	11.5234
Parabolic SAR (0,02-0,02-0,2):	11.4732
Elder Ray (13):	0.0511
Super Trend (3,10):	11.6295
Zig ZAG (10):	11.5851
VORTEX (21):	1.0652
Stochastique (14,3,5):	91.70
TEMA (21):	11.5268
Williams %R (14):	-1.12
Chande Momentum Oscillator (20):	0.1237
Repulse (5,40,3):	0.6313
ROCnROLL:	1
TRIX (15,9):	-0.0079
Courbe Coppock:	1.44

MA7:	11.2586
MA20:	10.9704
MA50:	11.0460
MA100:	10.5582
MAexp7:	11.5387
MAexp20:	11.5144
MAexp50:	11.4808
MAexp100:	11.3802
Price / MA7:	+3.05%
Price / MA20:	+5.75%
Price / MA50:	+5.03%
Price / MA100:	+9.88%
Price / MAexp7:	+0.55%
Price / MAexp20:	+0.76%
Price / MAexp50:	+1.05%
Price / MAexp100:	+1.95%

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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