EUR/MXN - 1H - Technical analysis published on 07/13/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 25.4727 MXN
My targets
25.3394 MXN (-0.0879)
25.1808 MXN (-0.2465)
My analysis
The bearish trend is currently very strong for EUR/MXN. As long as the price remains below the resistance at 25.4727 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 25.3394 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 25.1808 MXN as an objective. Crossing it would then enable sellers to target 25.0309 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
6.1
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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
The EUR/MXN price is 25.4273 MXN. The price registered an increase of +0.23% on the session with the lowest point at 25.3519 MXN and the highest point at 25.4582 MXN. The deviation from the price is +0.30% for the low point and -0.12% for the high point.25.3519
25.4582
25.4273
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of EUR/MXN indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.0309 | 25.1808 | 25.3394 | 25.4273 | 25.4727 | 25.6027 | 25.7434 |
| Change (%) | -1.56% | -0.97% | -0.35% | - | +0.18% | +0.69% | +1.24% |
| Change | -0.3964 | -0.2465 | -0.0879 | - | +0.0454 | +0.1754 | +0.3161 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 24.8465 | 25.1010 | 25.2348 | 25.4893 | 25.6231 | 25.8776 | 26.0114 |
| Camarilla | 25.2617 | 25.2973 | 25.3329 | 25.3685 | 25.4041 | 25.4397 | 25.4753 |
| Woodie | 24.7861 | 25.0708 | 25.1744 | 25.4591 | 25.5627 | 25.8474 | 25.9510 |
| Fibonacci | 25.1010 | 25.2494 | 25.3410 | 25.4893 | 25.6377 | 25.7293 | 25.8776 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.0684 | 24.5496 | 24.9591 | 25.4403 | 25.8498 | 26.3310 | 26.7405 |
| Camarilla | 25.1236 | 25.2052 | 25.2869 | 25.3685 | 25.4502 | 25.5318 | 25.6134 |
| Woodie | 24.0325 | 24.5317 | 24.9232 | 25.4224 | 25.8139 | 26.3131 | 26.7046 |
| Fibonacci | 24.5496 | 24.8899 | 25.1001 | 25.4403 | 25.7806 | 25.9908 | 26.3310 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.5605 | 23.3290 | 24.5942 | 25.3627 | 26.6279 | 27.3964 | 28.6616 |
| Camarilla | 25.3000 | 25.4865 | 25.6729 | 25.8593 | 26.0457 | 26.2322 | 26.4186 |
| Woodie | 22.8088 | 23.4532 | 24.8425 | 25.4869 | 26.8762 | 27.5206 | 28.9099 |
| Fibonacci | 23.3290 | 24.1059 | 24.5859 | 25.3627 | 26.1396 | 26.6196 | 27.3964 |
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): | 32.97 | |
| MACD (12,26,9): | -0.0503 | |
| Directional Movement: | -18.4393 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 25.3897 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.4582 | |
| Elder Ray (13): | -0.0449 | |
| Super Trend (3,10): | 25.5004 | |
| Zig ZAG (10): | 25.3691 | |
| VORTEX (21): | 0.6841 | |
| Stochastique (14,3,5): | 17.69 | |
| TEMA (21): | 25.3640 | |
| Williams %R (14): | -92.85 | |
| Chande Momentum Oscillator (20): | -0.0382 | |
| Repulse (5,40,3): | -0.2513 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.63 |
| MA7: | 25.4460 | |
| MA20: | 25.4626 | |
| MA50: | 25.3185 | |
| MA100: | 25.2503 | |
| MAexp7: | 25.4031 | |
| MAexp20: | 25.4570 | |
| MAexp50: | 25.5271 | |
| MAexp100: | 25.5442 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | -0.14% | |
| Price / MA50: | +0.43% | |
| Price / MA100: | +0.70% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.39% | |
| Price / MAexp100: | -0.46% |
Quotes :
2020-07-13 06:30:23
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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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