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 11/27/2024 (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

83%

11%

My opinion

Bullish above 12.1158 MXN

My targets

12.1463 MXN (+0.0070)

12.4162 MXN (+0.2769)

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 12.1158 MXN. The next resistance located at 12.1463 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 12.4162 MXN. After this resistance, buyers could then target 12.4937 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

8.6

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 12.1393 MXN. On the day, this instrument gained +0.64% and was traded between 12.0449 MXN and 12.1709 MXN over the period. The price is currently at +0.78% from its lowest and -0.26% from its highest.

12.0449

12.1709

12.1393

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 NZD/MXN in 1H shows a strongly overall bullish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.9708	12.0570	12.1158	12.1393	12.4937	13.9306	15.0029
Change (%)	-1.39%	-0.68%	-0.19%	-	+2.92%	+14.76%	+23.59%
Change	-0.1685	-0.0823	-0.0235	-	+0.3544	+1.7913	+2.8636
Level	Intermediate	Minor	Major	-	Intermediate	Intermediate	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	11.8095	11.8851	11.9734	12.0490	12.1373	12.2129	12.3012
Camarilla	12.0165	12.0316	12.0466	12.0616	12.0766	12.0917	12.1067
Woodie	11.8158	11.8883	11.9797	12.0522	12.1436	12.2161	12.3075
Fibonacci	11.8851	11.9477	11.9864	12.0490	12.1116	12.1503	12.2129

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.6981	11.7745	11.8475	11.9239	11.9969	12.0733	12.1463
Camarilla	11.8795	11.8932	11.9069	11.9206	11.9343	11.9480	11.9617
Woodie	11.6965	11.7737	11.8459	11.9231	11.9953	12.0725	12.1447
Fibonacci	11.7745	11.8315	11.8668	11.9239	11.9809	12.0162	12.0733

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):	64.42
MACD (12,26,9):	0.0384
Directional Movement:	22.5557
AROON (14):	92.8571
DEMA (21):	12.1091
Parabolic SAR (0,02-0,02-0,2):	12.0390
Elder Ray (13):	0.0481
Super Trend (3,10):	11.9917
Zig ZAG (10):	12.1350
VORTEX (21):	1.1198
Stochastique (14,3,5):	83.62
TEMA (21):	12.1246
Williams %R (14):	-20.70
Chande Momentum Oscillator (20):	0.0773
Repulse (5,40,3):	0.4146
ROCnROLL:	1
TRIX (15,9):	0.0408
Courbe Coppock:	1.29

MA7:	11.9822
MA20:	12.0120
MA50:	12.0368
MA100:	11.7978
MAexp7:	12.1035
MAexp20:	12.0604
MAexp50:	12.0082
MAexp100:	11.9798
Price / MA7:	+1.31%
Price / MA20:	+1.06%
Price / MA50:	+0.85%
Price / MA100:	+2.89%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.65%
Price / MAexp50:	+1.09%
Price / MAexp100:	+1.33%

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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