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 10/18/2024 (GMT)

Londinia

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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%

22%

My opinion

Bullish above 12.0318 MXN

My targets

12.1034 MXN (+0.0313)

12.1393 MXN (+0.0672)

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 12.0318 MXN. The buyers' bullish objective is set at 12.1034 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.1393 MXN. If there is any crossing, the next objective would be the resistance located at 12.2498 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

7.5

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

The NZD/MXN price is 12.0721 MXN. The price registered an increase of +0.50% on the session and was traded between 11.9360 MXN and 12.0827 MXN over the period. The price is currently at +1.14% from its lowest and -0.09% from its highest.

11.9360

12.0827

12.0721

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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

A technical analysis in 1H of this NZD/MXN chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
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

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.8904	11.9339	12.0318	12.0721	12.1034	12.1393	12.2498
Change (%)	-1.51%	-1.14%	-0.33%	-	+0.26%	+0.56%	+1.47%
Change	-0.1817	-0.1382	-0.0403	-	+0.0313	+0.0672	+0.1777
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.8142	11.9047	11.9583	12.0488	12.1024	12.1929	12.2465
Camarilla	11.9723	11.9855	11.9987	12.0119	12.0251	12.0383	12.0515
Woodie	11.7958	11.8955	11.9399	12.0396	12.0840	12.1837	12.2281
Fibonacci	11.9047	11.9598	11.9938	12.0488	12.1039	12.1379	12.1929

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.4829	11.6074	11.6946	11.8191	11.9063	12.0308	12.1180
Camarilla	11.7235	11.7429	11.7623	11.7817	11.8011	11.8205	11.8399
Woodie	11.4642	11.5981	11.6759	11.8098	11.8876	12.0215	12.0993
Fibonacci	11.6074	11.6883	11.7383	11.8191	11.9000	11.9500	12.0308

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.2360	11.5174	12.0012	12.2826	12.7664	13.0478	13.5316
Camarilla	12.2745	12.3446	12.4148	12.4849	12.5550	12.6252	12.6953
Woodie	11.3371	11.5680	12.1023	12.3332	12.8675	13.0984	13.6327
Fibonacci	11.5174	11.8097	11.9903	12.2826	12.5749	12.7555	13.0478

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):	60.71
MACD (12,26,9):	0.0063
Directional Movement:	5.5771
AROON (14):	35.7143
DEMA (21):	12.0333
Parabolic SAR (0,02-0,02-0,2):	11.9704
Elder Ray (13):	0.0356
Super Trend (3,10):	11.9675
Zig ZAG (10):	12.0707
VORTEX (21):	1.0985
Stochastique (14,3,5):	90.50
TEMA (21):	12.0423
Williams %R (14):	-9.13
Chande Momentum Oscillator (20):	0.0663
Repulse (5,40,3):	0.2190
ROCnROLL:	1
TRIX (15,9):	-0.0088
Courbe Coppock:	0.51

MA7:	11.9349
MA20:	12.0794
MA50:	12.0170
MA100:	11.5618
MAexp7:	12.0493
MAexp20:	12.0303
MAexp50:	12.0221
MAexp100:	11.9863
Price / MA7:	+1.15%
Price / MA20:	-0.06%
Price / MA50:	+0.46%
Price / MA100:	+4.41%
Price / MAexp7:	+0.19%
Price / MAexp20:	+0.35%
Price / MAexp50:	+0.42%
Price / MAexp100:	+0.72%

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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Londinia AI

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