NZD/MXN - 1H - Technical analysis published on 11/21/2024 (GMT)
- 47
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above
My targets
()
()
My analysis
The strong short-term increase for NZD/MXN reinforces the current slightly bullish trend. As long as the price remains above , you could take advantage of this bullish acceleration. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Crossing it would then enable buyers to target . A return to would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The NZD/MXN rating is 11.9254 MXN. The price is lower by -0.01% since the last closing with the lowest point at 11.9181 MXN and the highest point at 11.9478 MXN. The deviation from the price is +0.06% for the low point and -0.19% for the high point.11.9181
11.9478
11.9254
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this NZD/MXN chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near horizontal support
Type : Bullish
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 | 11.8509 | 11.8835 | 11.9223 | 11.9254 | 11.9895 | 12.1158 | 12.1988 |
| Change (%) | -0.62% | -0.35% | -0.03% | - | +0.54% | +1.60% | +2.29% |
| Change | -0.0745 | -0.0419 | -0.0031 | - | +0.0641 | +0.1904 | +0.2734 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 | 11.7836 | 11.8172 | 11.8716 | 11.9052 | 11.9596 | 11.9932 | 12.0476 |
| Camarilla | 11.9018 | 11.9099 | 11.9179 | 11.9260 | 11.9341 | 11.9421 | 11.9502 |
| Woodie | 11.7940 | 11.8224 | 11.8820 | 11.9104 | 11.9700 | 11.9984 | 12.0580 |
| Fibonacci | 11.8172 | 11.8508 | 11.8716 | 11.9052 | 11.9388 | 11.9596 | 11.9932 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.4771 | 11.6988 | 11.8169 | 12.0386 | 12.1567 | 12.3784 | 12.4965 |
| Camarilla | 11.8415 | 11.8726 | 11.9038 | 11.9349 | 11.9661 | 11.9972 | 12.0284 |
| Woodie | 11.4252 | 11.6729 | 11.7650 | 12.0127 | 12.1048 | 12.3525 | 12.4446 |
| Fibonacci | 11.6988 | 11.8286 | 11.9088 | 12.0386 | 12.1684 | 12.2486 | 12.3784 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8122 | 11.2544 | 11.6142 | 12.0564 | 12.4162 | 12.8584 | 13.2182 |
| Camarilla | 11.7534 | 11.8269 | 11.9004 | 11.9739 | 12.0474 | 12.1209 | 12.1945 |
| Woodie | 10.7709 | 11.2338 | 11.5729 | 12.0358 | 12.3749 | 12.8378 | 13.1769 |
| Fibonacci | 11.2544 | 11.5608 | 11.7501 | 12.0564 | 12.3628 | 12.5521 | 12.8584 |
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): | 54.72 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 5.8657 | |
| AROON (14): | 71.4286 | |
| DEMA (21): | 11.9286 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.8977 | |
| Elder Ray (13): | 0.0054 | |
| Super Trend (3,10): | 11.8674 | |
| Zig ZAG (10): | 11.9256 | |
| VORTEX (21): | 1.1374 | |
| Stochastique (14,3,5): | 76.27 | |
| TEMA (21): | 11.9374 | |
| Williams %R (14): | -32.98 | |
| Chande Momentum Oscillator (20): | -0.0074 | |
| Repulse (5,40,3): | -0.0289 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0094 | |
| Courbe Coppock: | 0.60 |
| MA7: | 11.9488 | |
| MA20: | 12.0038 | |
| MA50: | 12.0248 | |
| MA100: | 11.7565 | |
| MAexp7: | 11.9283 | |
| MAexp20: | 11.9180 | |
| MAexp50: | 11.9147 | |
| MAexp100: | 11.9348 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.65% | |
| Price / MA50: | -0.83% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | -0.08% |
Quotes :
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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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