Londinia Opportunities Analyses - 11/26/2024 (GMT) NZD/MXN - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 11.9885 MXN
My targets
12.1158 MXN (+0.0746)
12.1463 MXN (+0.1051)
My analysis
NZD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11.9885 MXN. The next resistance located at 12.1158 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 12.1463 MXN. After this resistance, buyers could then target 12.4937 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
8
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 NZD/MXN rating is 12.0412 MXN. On the day, this instrument gained +0.63% and was between 11.9608 MXN and 12.0570 MXN. This implies that the price is at +0.67% from its lowest and at -0.13% from its highest.11.9608
12.0570
12.0412
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.
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:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of NZD/MXN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is over resistance 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:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.9116 | 11.9477 | 11.9885 | 12.0412 | 12.0474 | 12.1158 | 12.4937 |
| Change (%) | -1.08% | -0.78% | -0.44% | - | +0.05% | +0.62% | +3.76% |
| Change | -0.1296 | -0.0935 | -0.0527 | - | +0.0062 | +0.0746 | +0.4525 |
| Level | Major | Minor | Intermediate | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6653 | 11.7435 | 11.8549 | 11.9331 | 12.0445 | 12.1227 | 12.2341 |
| Camarilla | 11.9143 | 11.9316 | 11.9490 | 11.9664 | 11.9838 | 12.0012 | 12.0185 |
| Woodie | 11.6820 | 11.7518 | 11.8716 | 11.9414 | 12.0612 | 12.1310 | 12.2508 |
| Fibonacci | 11.7435 | 11.8159 | 11.8606 | 11.9331 | 12.0055 | 12.0502 | 12.1227 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.6981 | 11.7745 | 11.8475 | 11.9239 | 11.9969 | 12.0733 | 12.1463 |
| Camarilla | 11.8795 | 11.8932 | 11.9069 | 11.9206 | 11.9343 | 11.9480 | 11.9617 |
| Woodie | 11.6965 | 11.7737 | 11.8459 | 11.9231 | 11.9953 | 12.0725 | 12.1447 |
| Fibonacci | 11.7745 | 11.8315 | 11.8668 | 11.9239 | 11.9809 | 12.0162 | 12.0733 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.8122 | 11.2544 | 11.6142 | 12.0564 | 12.4162 | 12.8584 | 13.2182 |
| Camarilla | 11.7534 | 11.8269 | 11.9004 | 11.9739 | 12.0474 | 12.1209 | 12.1945 |
| Woodie | 10.7709 | 11.2338 | 11.5729 | 12.0358 | 12.3749 | 12.8378 | 13.1769 |
| Fibonacci | 11.2544 | 11.5608 | 11.7501 | 12.0564 | 12.3628 | 12.5521 | 12.8584 |
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): | 62.09 | |
| MACD (12,26,9): | 0.0255 | |
| Directional Movement: | 10.2418 | |
| AROON (14): | 50.0000 | |
| DEMA (21): | 12.0220 | |
| Parabolic SAR (0,02-0,02-0,2): | 11.9801 | |
| Elder Ray (13): | 0.0179 | |
| Super Trend (3,10): | 11.9250 | |
| Zig ZAG (10): | 12.0359 | |
| VORTEX (21): | 1.2038 | |
| Stochastique (14,3,5): | 63.56 | |
| TEMA (21): | 12.0377 | |
| Williams %R (14): | -23.04 | |
| Chande Momentum Oscillator (20): | 0.0427 | |
| Repulse (5,40,3): | 0.3204 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0305 | |
| Courbe Coppock: | 1.15 |
| MA7: | 11.9457 | |
| MA20: | 12.0058 | |
| MA50: | 12.0323 | |
| MA100: | 11.7848 | |
| MAexp7: | 12.0151 | |
| MAexp20: | 11.9891 | |
| MAexp50: | 11.9598 | |
| MAexp100: | 11.9510 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +0.29% | |
| Price / MA50: | +0.07% | |
| Price / MA100: | +2.18% | |
| Price / MAexp7: | +0.21% | |
| Price / MAexp20: | +0.43% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +0.75% |
Quotes :
-
Real time data
-
Forex