Londinia Opportunities Analyses - 11/18/2024 (GMT) USD/MXN - 1H

- MXN (-)

- Real time data - Forex

Type:	Forex
Ticker:	USDMXN
ISIN:

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.

FX/Indices
Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

72%

11%

My opinion

Bearish under 20.3543 MXN

My targets

20.1258 MXN (-0.1676)

20.0023 MXN (-0.2911)

My analysis

The bearish trend is currently very strong for USD/MXN. As long as the price remains below the resistance at 20.3543 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 20.1258 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 20.0023 MXN as an objective. Crossing it would then enable sellers to target 19.8390 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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Additional analysis

Quotes

The USD/MXN price is 20.2934 MXN. On the day, this instrument lost -0.29% and was between 20.2593 MXN and 20.4473 MXN. This implies that the price is at +0.17% from its lowest and at -0.75% from its highest.

20.2593

20.4473

20.2934

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by USD/MXN:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of USD/MXN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	19.8390	20.0023	20.1258	20.2934	20.3543	20.5798	20.6997
Change (%)	-2.24%	-1.43%	-0.83%	-	+0.30%	+1.41%	+2.00%
Change	-0.4544	-0.2911	-0.1676	-	+0.0609	+0.2864	+0.4063
Level	Major	Minor	Minor	-	Intermediate	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.0906	20.2045	20.2787	20.3926	20.4668	20.5807	20.6549
Camarilla	20.3011	20.3183	20.3356	20.3528	20.3700	20.3873	20.4045
Woodie	20.0707	20.1946	20.2588	20.3827	20.4469	20.5708	20.6350
Fibonacci	20.2045	20.2764	20.3208	20.3926	20.4645	20.5089	20.5807

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.5111	19.8182	20.0855	20.3926	20.6599	20.9670	21.2343
Camarilla	20.1948	20.2475	20.3002	20.3528	20.4055	20.4581	20.5108
Woodie	19.4912	19.8083	20.0656	20.3827	20.6400	20.9571	21.2144
Fibonacci	19.8182	20.0376	20.1732	20.3926	20.6120	20.7476	20.9670

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	18.2475	18.6792	19.3663	19.7980	20.4851	20.9168	21.6039
Camarilla	19.7457	19.8483	19.9508	20.0534	20.1560	20.2585	20.3611
Woodie	18.3752	18.7431	19.4940	19.8619	20.6128	20.9807	21.7316
Fibonacci	18.6792	19.1066	19.3706	19.7980	20.2254	20.4894	20.9168

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):	33.18
MACD (12,26,9):	-0.0198
Directional Movement:	-13.7373
AROON (14):	-50.0000
DEMA (21):	20.3382
Parabolic SAR (0,02-0,02-0,2):	20.4439
Elder Ray (13):	-0.0773
Super Trend (3,10):	20.4198
Zig ZAG (10):	20.2667
VORTEX (21):	0.8876
Stochastique (14,3,5):	12.85
TEMA (21):	20.3394
Williams %R (14):	-96.60
Chande Momentum Oscillator (20):	-0.0819
Repulse (5,40,3):	-0.5592
ROCnROLL:	2
TRIX (15,9):	-0.0084
Courbe Coppock:	0.03

MA7:	20.3922
MA20:	20.1570
MA50:	19.7754
MA100:	19.2858
MAexp7:	20.3368
MAexp20:	20.3624
MAexp50:	20.3994
MAexp100:	20.4111
Price / MA7:	-0.48%
Price / MA20:	+0.68%
Price / MA50:	+2.62%
Price / MA100:	+5.22%
Price / MAexp7:	-0.21%
Price / MAexp20:	-0.34%
Price / MAexp50:	-0.52%
Price / MAexp100:	-0.58%

Quotes : - Real time data - Forex

News

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