EUR/MXN - 1H - Technical analysis published on 10/13/2020 (GMT)
- Who voted?
- 120
- 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:
Strongly bullish
De fond:
Neutral
Technical indicators
50%
17%
33%
My opinion
Bullish above 24.9774 MXN
My targets
25.1289 MXN (+0.0254)
25.3817 MXN (+0.2782)
My analysis
The strong short-term increase of EUR/MXN should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 24.9774 MXN, a purchase could be considered. The first bullish objective is located at 25.1289 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 25.3817 MXN. If there is any crossing, the next objective would be the resistance at 25.5653 MXN. Caution, if there is a return under 24.9774 MXN, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
2.5
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
EUR/MXN rating 25.1035 MXN. On the day, this instrument gained +0.21% with the lowest point at 24.9399 MXN and the highest point at 25.2113 MXN. The deviation from the price is +0.66% for the low point and -0.43% for the high point.24.9399
25.2113
25.1035
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:
Technical
A technical analysis in 1H of this EUR/MXN chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
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 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 23.3685 | 24.3414 | 24.9774 | 25.1035 | 25.1289 | 25.3817 | 25.5653 |
| Change (%) | -6.91% | -3.04% | -0.50% | - | +0.10% | +1.11% | +1.84% |
| Change | -1.7350 | -0.7621 | -0.1261 | - | +0.0254 | +0.2782 | +0.4618 |
| Level | Minor | Major | Intermediate | - | Major | 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 | 24.9313 | 24.9733 | 25.0120 | 25.0540 | 25.0927 | 25.1347 | 25.1734 |
| Camarilla | 25.0286 | 25.0360 | 25.0434 | 25.0508 | 25.0582 | 25.0656 | 25.0730 |
| Woodie | 24.9298 | 24.9725 | 25.0105 | 25.0532 | 25.0912 | 25.1339 | 25.1719 |
| Fibonacci | 24.9733 | 25.0041 | 25.0231 | 25.0540 | 25.0848 | 25.1038 | 25.1347 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.0934 | 17.3253 | 17.4680 | 17.6999 | 17.8426 | 18.0745 | 18.2172 |
| Camarilla | 17.5077 | 17.5420 | 17.5764 | 17.6107 | 17.6450 | 17.6794 | 17.7137 |
| Woodie | 17.0488 | 17.3030 | 17.4234 | 17.6776 | 17.7980 | 18.0522 | 18.1726 |
| Fibonacci | 17.3253 | 17.4684 | 17.5568 | 17.6999 | 17.8430 | 17.9314 | 18.0745 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.1639 | 23.9235 | 24.9071 | 25.6667 | 26.6503 | 27.4099 | 28.3935 |
| Camarilla | 25.4112 | 25.5710 | 25.7308 | 25.8906 | 26.0504 | 26.2102 | 26.3700 |
| Woodie | 23.2758 | 23.9795 | 25.0190 | 25.7227 | 26.7622 | 27.4659 | 28.5054 |
| Fibonacci | 23.9235 | 24.5894 | 25.0008 | 25.6667 | 26.3326 | 26.7440 | 27.4099 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.83 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 4.9912 | |
| AROON (14): | 21.4286 | |
| DEMA (21): | 25.0859 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.3290 | |
| Elder Ray (13): | 0.0654 | |
| Super Trend (3,10): | 25.2585 | |
| Zig ZAG (10): | 25.1167 | |
| VORTEX (21): | 1.0426 | |
| Stochastique (14,3,5): | 67.68 | |
| TEMA (21): | 25.0853 | |
| Williams %R (14): | -38.39 | |
| Chande Momentum Oscillator (20): | -0.0449 | |
| Repulse (5,40,3): | -0.1466 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0017 | |
| Courbe Coppock: | 0.09 |
| MA7: | 24.6227 | |
| MA20: | 25.2538 | |
| MA50: | 25.6285 | |
| MA100: | 25.5442 | |
| MAexp7: | 25.0889 | |
| MAexp20: | 25.0867 | |
| MAexp50: | 25.0951 | |
| MAexp100: | 25.1481 | |
| Price / MA7: | +1.95% | |
| Price / MA20: | -0.60% | |
| Price / MA50: | -2.05% | |
| Price / MA100: | -1.73% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | -0.18% |
Quotes :
2020-10-13 15:55:23
-
Real time data
-
Forex
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