EUR/MXN - 1H - Technical analysis published on 05/19/2020 (GMT)
- Who voted?
- 196
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 25.8862 MXN
My targets
25.6685 MXN (-0.0844)
25.5319 MXN (-0.2210)
My analysis
The bearish basic trend is very strong on EUR/MXN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 25.8862 MXN. Crossing the first support at 25.6685 MXN would be a sign of a further potential price plummet. Sellers would then use the next support located at 25.5319 MXN as an objective. Crossing it would then enable sellers to target 23.3713 MXN. Caution, a return to above the resistance located at 25.8862 MXN would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.9
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EUR/MXN rating is 25.7529 MXN. The price is lower by -0.59% since the last closing with the lowest point at 25.7343 MXN and the highest point at 25.9156 MXN. The deviation from the price is +0.07% for the low point and -0.63% for the high point.25.7343
25.9156
25.7529
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/MXN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
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:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
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 | 23.3713 | 25.5319 | 25.6685 | 25.7529 | 25.8862 | 26.0870 | 26.1964 |
| Change (%) | -9.25% | -0.86% | -0.33% | - | +0.52% | +1.30% | +1.72% |
| Change | -2.3816 | -0.2210 | -0.0844 | - | +0.1333 | +0.3341 | +0.4435 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 25.0210 | 25.2406 | 25.5732 | 25.7928 | 26.1254 | 26.3450 | 26.6776 |
| Camarilla | 25.7540 | 25.8047 | 25.8553 | 25.9059 | 25.9565 | 26.0071 | 26.0578 |
| Woodie | 25.0776 | 25.2689 | 25.6298 | 25.8211 | 26.1820 | 26.3733 | 26.7342 |
| Fibonacci | 25.2406 | 25.4515 | 25.5818 | 25.7928 | 26.0037 | 26.1340 | 26.3450 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.5118 | 25.0219 | 25.4646 | 25.9747 | 26.4174 | 26.9275 | 27.3702 |
| Camarilla | 25.6454 | 25.7327 | 25.8201 | 25.9074 | 25.9947 | 26.0821 | 26.1694 |
| Woodie | 24.4782 | 25.0051 | 25.4310 | 25.9579 | 26.3838 | 26.9107 | 27.3366 |
| Fibonacci | 25.0219 | 25.3858 | 25.6107 | 25.9747 | 26.3386 | 26.5635 | 26.9275 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.8956 | 24.1717 | 25.3447 | 26.6208 | 27.7938 | 29.0699 | 30.2429 |
| Camarilla | 25.8442 | 26.0687 | 26.2932 | 26.5177 | 26.7422 | 26.9667 | 27.1912 |
| Woodie | 22.8441 | 24.1459 | 25.2932 | 26.5950 | 27.7423 | 29.0441 | 30.1914 |
| Fibonacci | 24.1717 | 25.1073 | 25.6852 | 26.6208 | 27.5564 | 28.1343 | 29.0699 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.83 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | -1.8224 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 25.8243 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.9713 | |
| Elder Ray (13): | -0.0294 | |
| Super Trend (3,10): | 25.6798 | |
| Zig ZAG (10): | 25.7687 | |
| VORTEX (21): | 1.0733 | |
| Stochastique (14,3,5): | 14.90 | |
| TEMA (21): | 25.8323 | |
| Williams %R (14): | -83.40 | |
| Chande Momentum Oscillator (20): | -0.1741 | |
| Repulse (5,40,3): | -0.2140 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0028 | |
| Courbe Coppock: | 0.24 |
| MA7: | 25.9778 | |
| MA20: | 26.2433 | |
| MA50: | 26.0585 | |
| MA100: | 23.5131 | |
| MAexp7: | 25.8072 | |
| MAexp20: | 25.8233 | |
| MAexp50: | 25.8520 | |
| MAexp100: | 25.9076 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | -1.87% | |
| Price / MA50: | -1.17% | |
| Price / MA100: | +9.53% | |
| Price / MAexp7: | -0.21% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.60% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis EUR/MXN - 1H