EUR/MXN - 1H - Technical analysis published on 06/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
50%
33%
17%
My opinion
Bearish under 24.4012 MXN
My targets
24.2371 MXN (-0.0507)
24.1241 MXN (-0.1637)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/MXN as long as the price remains well below 24.4012 MXN. The sellers” bearish objective is set at 24.2371 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.1241 MXN. In case of crossing, the next objective would be the support located at 23.3713 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
EUR/MXN rating 24.2878 MXN. The price is lower by -0.11% since the last closing and was between 24.2118 MXN and 24.3144 MXN. This implies that the price is at +0.31% from its lowest and at -0.11% from its highest.24.2118
24.3144
24.2878
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
A study of price movements over other periods shows the following variations:
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 92.86% bearish. This strong bearish 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.
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.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.3713 | 24.1241 | 24.2371 | 24.2878 | 24.4012 | 24.6041 | 25.0201 |
| Change (%) | -3.77% | -0.67% | -0.21% | - | +0.47% | +1.30% | +3.02% |
| Change | -0.9165 | -0.1637 | -0.0507 | - | +0.1134 | +0.3163 | +0.7323 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Major | 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 | 23.6098 | 23.8669 | 24.0907 | 24.3478 | 24.5716 | 24.8287 | 25.0525 |
| Camarilla | 24.1822 | 24.2262 | 24.2703 | 24.3144 | 24.3585 | 24.4026 | 24.4467 |
| Woodie | 23.5931 | 23.8586 | 24.0740 | 24.3395 | 24.5549 | 24.8204 | 25.0358 |
| Fibonacci | 23.8669 | 24.0506 | 24.1641 | 24.3478 | 24.5315 | 24.6450 | 24.8287 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.7069 | 23.9720 | 24.2944 | 24.5595 | 24.8819 | 25.1470 | 25.4694 |
| Camarilla | 24.4552 | 24.5091 | 24.5630 | 24.6168 | 24.6707 | 24.7245 | 24.7784 |
| Woodie | 23.7356 | 23.9863 | 24.3231 | 24.5738 | 24.9106 | 25.1613 | 25.4981 |
| Fibonacci | 23.9720 | 24.1964 | 24.3351 | 24.5595 | 24.7839 | 24.9226 | 25.1470 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.3300 | 22.2835 | 23.4502 | 25.4037 | 26.5704 | 28.5239 | 29.6906 |
| Camarilla | 23.7587 | 24.0448 | 24.3308 | 24.6168 | 24.9028 | 25.1888 | 25.4749 |
| Woodie | 19.9365 | 22.0868 | 23.0567 | 25.2070 | 26.1769 | 28.3272 | 29.2971 |
| Fibonacci | 22.2835 | 23.4755 | 24.2118 | 25.4037 | 26.5957 | 27.3320 | 28.5239 |
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): | 41.81 | |
| MACD (12,26,9): | -0.0499 | |
| Directional Movement: | -11.7517 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 24.2503 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.1598 | |
| Elder Ray (13): | -0.0241 | |
| Super Trend (3,10): | 24.4617 | |
| Zig ZAG (10): | 24.2862 | |
| VORTEX (21): | 0.8602 | |
| Stochastique (14,3,5): | 48.55 | |
| TEMA (21): | 24.2517 | |
| Williams %R (14): | -47.43 | |
| Chande Momentum Oscillator (20): | -0.0183 | |
| Repulse (5,40,3): | 0.0719 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0344 | |
| Courbe Coppock: | 0.24 |
| MA7: | 24.4762 | |
| MA20: | 25.2448 | |
| MA50: | 25.8568 | |
| MA100: | 23.9146 | |
| MAexp7: | 24.2822 | |
| MAexp20: | 24.3219 | |
| MAexp50: | 24.4114 | |
| MAexp100: | 24.4969 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | -3.79% | |
| Price / MA50: | -6.07% | |
| Price / MA100: | +1.56% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -0.85% |
Quotes :
2020-06-03 06:43:03
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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