EUR/MXN - 1H - Technical analysis published on 11/06/2020 (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
33%
33%
33%
My opinion
Bearish under 24.6428 MXN
My targets
24.3414 MXN (-0.1692)
23.9118 MXN (-0.5988)
My analysis
EUR/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 24.6428 MXN. The next support located at 24.3414 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 23.9118 MXN. Below this support, sellers could then target 23.3685 MXN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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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 24.5106 MXN. The price registered a decrease of -0.07% on the session and was traded between 24.4287 MXN and 24.7586 MXN over the period. The price is currently at +0.34% from its lowest and -1.00% from its highest.24.4287
24.7586
24.5106
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
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. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 6 are neutral and 6 are bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
MACD crosses DOWN its Moving Average
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 | 22.3169 | 23.3685 | 24.3414 | 24.5106 | 24.6428 | 24.8397 | 25.1712 |
| Change (%) | -8.95% | -4.66% | -0.69% | - | +0.54% | +1.34% | +2.70% |
| Change | -2.1937 | -1.1421 | -0.1692 | - | +0.1322 | +0.3291 | +0.6606 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.1521 | 24.2795 | 24.4034 | 24.5308 | 24.6547 | 24.7821 | 24.9060 |
| Camarilla | 24.4581 | 24.4811 | 24.5042 | 24.5272 | 24.5502 | 24.5733 | 24.5963 |
| Woodie | 24.1503 | 24.2786 | 24.4016 | 24.5299 | 24.6529 | 24.7812 | 24.9042 |
| Fibonacci | 24.2795 | 24.3755 | 24.4348 | 24.5308 | 24.6268 | 24.6861 | 24.7821 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.9118 | 24.2692 | 24.4565 | 24.8139 | 25.0012 | 25.3586 | 25.5459 |
| Camarilla | 24.4941 | 24.5440 | 24.5940 | 24.6439 | 24.6938 | 24.7438 | 24.7937 |
| Woodie | 23.8269 | 24.2267 | 24.3716 | 24.7714 | 24.9163 | 25.3161 | 25.4610 |
| Fibonacci | 24.2692 | 24.4772 | 24.6058 | 24.8139 | 25.0219 | 25.1505 | 25.3586 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.9266 | 23.7766 | 24.2102 | 25.0602 | 25.4938 | 26.3438 | 26.7774 |
| Camarilla | 24.2909 | 24.4086 | 24.5262 | 24.6439 | 24.7616 | 24.8792 | 24.9969 |
| Woodie | 22.7185 | 23.6725 | 24.0021 | 24.9561 | 25.2857 | 26.2397 | 26.5693 |
| Fibonacci | 23.7766 | 24.2669 | 24.5698 | 25.0602 | 25.5505 | 25.8534 | 26.3438 |
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): | 45.22 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | -1.7020 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 24.5508 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.7271 | |
| Elder Ray (13): | -0.0485 | |
| Super Trend (3,10): | 24.7335 | |
| Zig ZAG (10): | 24.5318 | |
| VORTEX (21): | 1.0145 | |
| Stochastique (14,3,5): | 23.09 | |
| TEMA (21): | 24.5729 | |
| Williams %R (14): | -70.84 | |
| Chande Momentum Oscillator (20): | 0.0038 | |
| Repulse (5,40,3): | 0.0291 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0018 | |
| Courbe Coppock: | 0.35 |
| MA7: | 24.6925 | |
| MA20: | 24.8342 | |
| MA50: | 25.2256 | |
| MA100: | 25.5690 | |
| MAexp7: | 24.5588 | |
| MAexp20: | 24.5553 | |
| MAexp50: | 24.5956 | |
| MAexp100: | 24.6687 | |
| Price / MA7: | -0.74% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -2.83% | |
| Price / MA100: | -4.14% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.64% |
Quotes :
2020-11-06 17:56:28
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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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