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

- MXN (-)
- Real time data - Forex
Type: Forex
Ticker: USDMXN
ISIN:

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
0
10
7.9

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.

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.

Central Gaps

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:

Central Records

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:

Central Indicators

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:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour


Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard20.090620.204520.278720.392620.466820.580720.6549
Camarilla20.301120.318320.335620.352820.370020.387320.4045
Woodie20.070720.194620.258820.382720.446920.570820.6350
Fibonacci20.204520.276420.320820.392620.464520.508920.5807


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard19.511119.818220.085520.392620.659920.967021.2343
Camarilla20.194820.247520.300220.352820.405520.458120.5108
Woodie19.491219.808320.065620.382720.640020.957121.2144
Fibonacci19.818220.037620.173220.392620.612020.747620.9670


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard18.247518.679219.366319.798020.485120.916821.6039
Camarilla19.745719.848319.950820.053420.156020.258520.3611
Woodie18.375218.743119.494019.861920.612820.980721.7316
Fibonacci18.679219.106619.370619.798020.225420.489420.9168

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