EUR/MXN
EUR MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: EURMXN
ISIN:

EUR/MXN - Daily - Technical analysis published on 10/30/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 23.3685 MXN
My targets
24.3940 MXN (+0.6205)
24.9698 MXN (+1.1963)
My analysis
EUR/MXN is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 23.3685 MXN, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 24.3940 MXN. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 24.9698 MXN would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 25.4788 MXN. Beware of a possible return to under the support located at 23.3685 MXN which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.1

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 Clay707. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The EUR/MXN rating is 23.7735 MXN. The price is lower by -0.15% since the last closing and was between 23.7022 MXN and 23.9144 MXN. This implies that the price is at +0.30% from its lowest and at -0.59% from its highest.

23.7022
23.9144
23.7735

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this EUR/MXN chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could be reinforced by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



On the 18 technical indicators analysed, 11 are bullish, 3 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : Daily


Support of channel is broken

Type : Bearish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 21.1403 22.3001 23.3685 23.7735 23.8660 24.3940 24.9698
Change (%) -11.08% -6.20% -1.70% - +0.39% +2.61% +5.03%
Change -2.6332 -1.4734 -0.4050 - +0.0925 +0.6205 +1.1963
Level Minor Intermediate Major - Major Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.466823.584523.679023.796723.891224.008924.1034
Camarilla23.715223.734623.754123.773523.793023.812423.8319
Woodie23.455223.578723.667423.790923.879624.003124.0918
Fibonacci23.584523.665623.715623.796723.877823.927824.0089


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.922123.148823.461123.687824.000124.226824.5391
Camarilla23.625323.674723.724123.773523.822923.872323.9217
Woodie22.965023.170223.504023.709224.043024.248224.5820
Fibonacci23.148823.354723.481923.687823.893724.020924.2268


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.925223.140123.508923.723824.092624.307524.6763
Camarilla23.717123.770623.824123.877623.931123.984624.0381
Woodie23.002123.178623.585823.762324.169524.346024.7532
Fibonacci23.140123.363123.500923.723823.946824.084624.3075

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): 54.13
MACD (12,26,9): -0.0184
Directional Movement: 10.7692
AROON (14): -71.4285
DEMA (21): 23.6470
Parabolic SAR (0,02-0,02-0,2): 23.3850
Elder Ray (13): 0.1552
Super Trend (3,10): 23.3813
Zig ZAG (10): 23.7735
VORTEX (21): 0.9979
Stochastique (14,3,5): 42.70
TEMA (21): 23.6188
Williams %R (14): -49.61
Chande Momentum Oscillator (20): -0.0721
Repulse (5,40,3): 0.7948
ROCnROLL: 1
TRIX (15,9): -0.0074
Courbe Coppock: 2.42
MA7: 23.5852
MA20: 23.7264
MA50: 23.6791
MA100: 23.6931
MAexp7: 23.6496
MAexp20: 23.6649
MAexp50: 23.6800
MAexp100: 23.7554
Price / MA7: +0.80%
Price / MA20: +0.20%
Price / MA50: +0.40%
Price / MA100: +0.34%
Price / MAexp7: +0.52%
Price / MAexp20: +0.46%
Price / MAexp50: +0.39%
Price / MAexp100: +0.08%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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