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USD/MXN
USD MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: USDMXN
ISIN:

USD/MXN - 1H - Technical analysis published on 06/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 17.3861 MXN
My targets
17.3051 MXN (-0.0534)
17.0434 MXN (-0.3151)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on USD/MXN as long as the price remains well below 17.3861 MXN. The next bearish objective for sellers is set at 17.3051 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 17.0434 MXN. If there is any crossing, the next objective would be the support located at 14.3324 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.6

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.

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

Additional analysis

Quotes

The USD/MXN price is 17.3585 MXN. The price registered an increase of +0.00% on the session with the lowest point at 17.3495 MXN and the highest point at 17.3620 MXN. The deviation from the price is +0.05% for the low point and -0.02% for the high point.

17.3495
17.3620
17.3585

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this USD/MXN chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 11.4955 14.3324 17.3051 17.3585 17.3861 17.4906 17.5387
Change (%) -33.78% -17.43% -0.31% - +0.16% +0.76% +1.04%
Change -5.8630 -3.0261 -0.0534 - +0.0276 +0.1321 +0.1802
Level Intermediate Major Intermediate - Intermediate Major Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.232617.268917.313717.350017.394817.431117.4759
Camarilla17.336317.343717.351217.358617.366017.373517.3809
Woodie17.237017.271017.318117.352117.399217.433217.4803
Fibonacci17.268917.299917.319017.350017.381017.400117.4311


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard17.043417.231817.394917.583317.746417.934818.0979
Camarilla17.461417.493717.525917.558117.590317.622517.6548
Woodie17.030917.225517.382417.577017.733917.928518.0854
Fibonacci17.231817.366017.449017.583317.717517.800517.9348


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.716617.066717.377417.727518.038218.388318.6990
Camarilla17.506417.567017.627517.688117.748717.809317.8698
Woodie16.696917.056917.357717.717718.018518.378518.6793
Fibonacci17.066717.319117.475117.727517.979918.135918.3883

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): 46.89
MACD (12,26,9): -0.0082
Directional Movement: -0.9102
AROON (14): -14.2857
DEMA (21): 17.3468
Parabolic SAR (0,02-0,02-0,2): 17.3687
Elder Ray (13): 0.0010
Super Trend (3,10): 17.3920
Zig ZAG (10): 17.3596
VORTEX (21): 0.9873
Stochastique (14,3,5): 64.67
TEMA (21): 17.3560
Williams %R (14): -26.93
Chande Momentum Oscillator (20): 0.0167
Repulse (5,40,3): 0.0465
ROCnROLL: -1
TRIX (15,9): -0.0095
Courbe Coppock: 0.10
MA7: 17.4807
MA20: 17.6222
MA50: 17.8482
MA100: 18.1998
MAexp7: 17.3570
MAexp20: 17.3603
MAexp50: 17.3916
MAexp100: 17.4480
Price / MA7: -0.70%
Price / MA20: -1.50%
Price / MA50: -2.74%
Price / MA100: -4.62%
Price / MAexp7: +0.01%
Price / MAexp20: -0.01%
Price / MAexp50: -0.19%
Price / MAexp100: -0.51%

Quotes : - Real time data - Forex

News


The last news published on USD/MXN at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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