USD/MXN - 1H - Technical analysis published on 02/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 20.5157 MXN
My targets
20.6321 MXN (+0.0660)
20.6866 MXN (+0.1205)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on USD/MXN. This is a positive signal for buyers. As long as the price remains above 20.5157 MXN, a purchase could be considered. The first bullish objective is located at 20.6321 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 20.6866 MXN as an objective. Crossing it would then enable buyers to target 20.7896 MXN. In the event of a return below 20.5157 MXN, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/MXN rating 20.5661 MXN. The price has increased by +0.12% since the last closing and was traded between 20.4970 MXN and 20.5686 MXN over the period. The price is currently at +0.34% from its lowest and -0.01% from its highest.20.4970
20.5686
20.5661
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by USD/MXN:
Near a new LOW record (1 year)
Type : Bearish
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 USD/MXN in 1H shows an overall bullish trend. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 20.3501 | 20.4630 | 20.5157 | 20.5661 | 20.5808 | 20.6321 | 20.6866 |
| Change (%) | -1.05% | -0.50% | -0.25% | - | +0.07% | +0.32% | +0.59% |
| Change | -0.2160 | -0.1031 | -0.0504 | - | +0.0147 | +0.0660 | +0.1205 |
| Level | Intermediate | Major | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.1148 | 20.2385 | 20.3900 | 20.5137 | 20.6652 | 20.7889 | 20.9404 |
| Camarilla | 20.4658 | 20.4911 | 20.5163 | 20.5415 | 20.5667 | 20.5920 | 20.6172 |
| Woodie | 20.1287 | 20.2455 | 20.4039 | 20.5207 | 20.6791 | 20.7959 | 20.9543 |
| Fibonacci | 20.2385 | 20.3436 | 20.4086 | 20.5137 | 20.6188 | 20.6838 | 20.7889 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.0121 | 20.1811 | 20.3613 | 20.5303 | 20.7105 | 20.8795 | 21.0597 |
| Camarilla | 20.4455 | 20.4775 | 20.5095 | 20.5415 | 20.5735 | 20.6055 | 20.6375 |
| Woodie | 20.0177 | 20.1839 | 20.3669 | 20.5331 | 20.7161 | 20.8823 | 21.0653 |
| Fibonacci | 20.1811 | 20.3145 | 20.3969 | 20.5303 | 20.6637 | 20.7461 | 20.8795 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.6711 | 19.9744 | 20.3074 | 20.6107 | 20.9437 | 21.2470 | 21.5800 |
| Camarilla | 20.4653 | 20.5237 | 20.5820 | 20.6403 | 20.6986 | 20.7570 | 20.8153 |
| Woodie | 19.6859 | 19.9818 | 20.3222 | 20.6181 | 20.9585 | 21.2544 | 21.5948 |
| Fibonacci | 19.9744 | 20.2175 | 20.3677 | 20.6107 | 20.8538 | 21.0040 | 21.2470 |
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): | 57.94 | |
| MACD (12,26,9): | 0.0088 | |
| Directional Movement: | 4.0301 | |
| AROON (14): | -85.7143 | |
| DEMA (21): | 20.5296 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.4192 | |
| Elder Ray (13): | 0.0239 | |
| Super Trend (3,10): | 20.4360 | |
| Zig ZAG (10): | 20.5541 | |
| VORTEX (21): | 1.1191 | |
| Stochastique (14,3,5): | 67.98 | |
| TEMA (21): | 20.5395 | |
| Williams %R (14): | -20.11 | |
| Chande Momentum Oscillator (20): | 0.0176 | |
| Repulse (5,40,3): | 0.1694 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0029 | |
| Courbe Coppock: | 0.44 |
| MA7: | 20.5739 | |
| MA20: | 20.5898 | |
| MA50: | 20.6324 | |
| MA100: | 20.6747 | |
| MAexp7: | 20.5330 | |
| MAexp20: | 20.5201 | |
| MAexp50: | 20.5177 | |
| MAexp100: | 20.5351 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | -0.12% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | -0.53% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.24% | |
| Price / MAexp100: | +0.15% |
Quotes :
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Real time data
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Forex
News
Don't forget to follow the news on USD/MXN. At the time of publication of this analysis, the latest news was as follows:
-
USD/MXN Forecast January 13, 2022
-
USD/ZAR and USD/MXN Forecast January 3, 2022
-
USD/ZAR and USD/MXN Forecast November 24, 2021
-
USD/MXN Forecast June 11, 2021
-
USD/MXN Forecast September 15, 2020
This member declared not having a position on this financial instrument or a related financial instrument.
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