EUR/MXN - 1H - Technical analysis published on 08/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Neutral between 26.4787 MXN and 26.7470 MXN
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on EUR/MXN. It is difficult to advise a trading direction under these conditions. The first resistance is located at 26.7470 MXN. The first support is located at 26.4787 MXN. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 26.5853 MXN. The price has increased by +0.09% since the last closing and was between 26.5177 MXN and 26.6024 MXN. This implies that the price is at +0.25% from its lowest and at -0.06% from its highest.26.5177
26.6024
26.5853
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
Here is a more detailed summary of the historical variations registered by EUR/MXN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/MXN in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. 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, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
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 | 25.8074 | 26.1901 | 26.4787 | 26.5853 | 26.7470 | 26.9194 | 27.2612 |
| Change (%) | -2.93% | -1.49% | -0.40% | - | +0.61% | +1.26% | +2.54% |
| Change | -0.7779 | -0.3952 | -0.1066 | - | +0.1617 | +0.3341 | +0.6759 |
| Level | Major | Intermediate | Intermediate | - | Minor | Intermediate | Major |
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 | 26.1757 | 26.3272 | 26.4440 | 26.5955 | 26.7123 | 26.8638 | 26.9806 |
| Camarilla | 26.4870 | 26.5116 | 26.5362 | 26.5608 | 26.5854 | 26.6100 | 26.6346 |
| Woodie | 26.1584 | 26.3185 | 26.4267 | 26.5868 | 26.6950 | 26.8551 | 26.9633 |
| Fibonacci | 26.3272 | 26.4297 | 26.4930 | 26.5955 | 26.6980 | 26.7613 | 26.8638 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.1138 | 18.3804 | 18.5968 | 18.8634 | 19.0798 | 19.3464 | 19.5628 |
| Camarilla | 18.6803 | 18.7246 | 18.7688 | 18.8131 | 18.8574 | 18.9017 | 18.9459 |
| Woodie | 18.0886 | 18.3679 | 18.5716 | 18.8509 | 19.0546 | 19.3339 | 19.5376 |
| Fibonacci | 18.3804 | 18.5649 | 18.6789 | 18.8634 | 19.0479 | 19.1619 | 19.3464 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.1107 | 24.5708 | 25.4038 | 25.8639 | 26.6969 | 27.1570 | 27.9900 |
| Camarilla | 25.8812 | 25.9997 | 26.1183 | 26.2368 | 26.3553 | 26.4739 | 26.5924 |
| Woodie | 24.2972 | 24.6640 | 25.5903 | 25.9571 | 26.8834 | 27.2502 | 28.1765 |
| Fibonacci | 24.5708 | 25.0648 | 25.3699 | 25.8639 | 26.3579 | 26.6630 | 27.1570 |
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): | 50.27 | |
| MACD (12,26,9): | -0.0180 | |
| Directional Movement: | -6.7261 | |
| AROON (14): | -14.2857 | |
| DEMA (21): | 26.5534 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.4519 | |
| Elder Ray (13): | -0.0050 | |
| Super Trend (3,10): | 26.3853 | |
| Zig ZAG (10): | 26.5665 | |
| VORTEX (21): | 0.8966 | |
| Stochastique (14,3,5): | 51.20 | |
| TEMA (21): | 26.5428 | |
| Williams %R (14): | -35.07 | |
| Chande Momentum Oscillator (20): | 0.0507 | |
| Repulse (5,40,3): | 0.0106 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0147 | |
| Courbe Coppock: | 0.51 |
| MA7: | 25.7897 | |
| MA20: | 25.7790 | |
| MA50: | 25.4398 | |
| MA100: | 25.7188 | |
| MAexp7: | 26.5633 | |
| MAexp20: | 26.5796 | |
| MAexp50: | 26.5861 | |
| MAexp100: | 26.4947 | |
| Price / MA7: | +3.08% | |
| Price / MA20: | +3.13% | |
| Price / MA50: | +4.50% | |
| Price / MA100: | +3.37% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.00% | |
| Price / MAexp100: | +0.34% |
Quotes :
2020-08-06 07:32:47
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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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