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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 - 15 min. - Technical analysis published on 04/12/2024 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 16.6188 MXN
My targets
16.8374 MXN (+0.1349)
17.0411 MXN (+0.3386)
My analysis
The bullish trend is currently very strong on USD/MXN. As long as the price remains above the support at 16.6188 MXN, you could try to benefit from the boom. The first bullish objective is located at 16.8374 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 17.0411 MXN as an objective. Crossing it would then enable buyers to target 17.8427 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
9.1

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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This analysis was given by stebetrade. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

USD/MXN rating 16.7025 MXN. The price has increased by +1.59% since the last closing with the lowest point at 16.4264 MXN and the highest point at 16.7261 MXN. The deviation from the price is +1.68% for the low point and -0.14% for the high point.

16.4264
16.7261
16.7025

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this USD/MXN chart shows a strongly 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 17 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 15 minutes



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 15 minutes


Resistance of channel is broken

Type : Bullish

Timeframe : 15 minutes



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.4930 16.6188 16.6804 16.7025 17.0411 17.8427 18.3446
Change (%) -1.25% -0.50% -0.13% - +2.03% +6.83% +9.83%
Change -0.2095 -0.0837 -0.0221 - +0.3386 +1.1402 +1.6421
Level Intermediate Intermediate Major - Intermediate Minor 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
Standard16.264516.319716.380716.435916.496916.552116.6131
Camarilla16.409816.420416.431116.441716.452416.463016.4737
Woodie16.267416.321216.383616.437416.499816.553616.6160
Fibonacci16.319716.364116.391516.435916.480316.507716.5521


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.133616.287016.368216.521616.602816.756216.8374
Camarilla16.385016.406516.428016.449516.471016.492516.5140
Woodie16.097616.269016.332216.503616.566816.738216.8014
Fibonacci16.287016.376616.432016.521616.611216.666616.7562


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.805916.158616.355316.708016.904717.257417.4541
Camarilla16.400916.451316.501616.552016.602416.652716.7031
Woodie15.727916.119616.277316.669016.826717.218417.3761
Fibonacci16.158616.368516.498116.708016.917917.047517.2574

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 77.39
MACD (12,26,9): 0.0449
Directional Movement: 32.8620
AROON (14): 100.0000
DEMA (21): 16.6154
Parabolic SAR (0,02-0,02-0,2): 16.5459
Elder Ray (13): 0.0726
Super Trend (3,10): 16.5563
Zig ZAG (10): 16.6733
VORTEX (21): 1.2724
Stochastique (14,3,5): 88.66
TEMA (21): 16.6481
Williams %R (14): -0.54
Chande Momentum Oscillator (20): 0.1392
Repulse (5,40,3): 0.5268
ROCnROLL: 1
TRIX (15,9): 0.0293
Courbe Coppock: 1.42
MA7: 16.4748
MA20: 16.5972
MA50: 16.8350
MA100: 16.9877
MAexp7: 16.6491
MAexp20: 16.5616
MAexp50: 16.5105
MAexp100: 16.4808
Price / MA7: +1.38%
Price / MA20: +0.63%
Price / MA50: -0.79%
Price / MA100: -1.68%
Price / MAexp7: +0.32%
Price / MAexp20: +0.85%
Price / MAexp50: +1.16%
Price / MAexp100: +1.35%

Quotes : - Real time data - Forex

News


The latest news and videos published on USD/MXN at the time of the analysis were 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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