EUR/MXN - Daily - Technical analysis published on 11/24/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Additional analysis
Quotes
The EUR/MXN rating is 23.8632 MXN. On the day, this instrument lost -0.21% and was between 23.8496 MXN and 23.9177 MXN. This implies that the price is at +0.06% from its lowest and at -0.23% from its highest.A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/MXN in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported 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:
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
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
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
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
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:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 22.3001 | 23.3685 | 23.6619 | 23.8632 | 23.8688 | 24.1899 | 24.3940 |
Change (%) | -6.55% | -2.07% | -0.84% | - | +0.02% | +1.37% | +2.22% |
Change | -1.5631 | -0.4947 | -0.2013 | - | +0.0056 | +0.3267 | +0.5308 |
Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.2703 | 23.4358 | 23.6746 | 23.8401 | 24.0789 | 24.2444 | 24.4832 |
Camarilla | 23.8022 | 23.8393 | 23.8763 | 23.9134 | 23.9505 | 23.9875 | 24.0246 |
Woodie | 23.3070 | 23.4541 | 23.7113 | 23.8584 | 24.1156 | 24.2627 | 24.5199 |
Fibonacci | 23.4358 | 23.5902 | 23.6857 | 23.8401 | 23.9945 | 24.0900 | 24.2444 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 23.0150 | 23.1799 | 23.3488 | 23.5137 | 23.6826 | 23.8475 | 24.0164 |
Camarilla | 23.4258 | 23.4564 | 23.4870 | 23.5176 | 23.5482 | 23.5788 | 23.6094 |
Woodie | 23.0169 | 23.1809 | 23.3507 | 23.5147 | 23.6845 | 23.8485 | 24.0183 |
Fibonacci | 23.1799 | 23.3074 | 23.3862 | 23.5137 | 23.6412 | 23.7200 | 23.8475 |
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.5875 | 22.9814 | 23.3775 | 23.7714 | 24.1675 | 24.5614 | 24.9575 |
Camarilla | 23.5563 | 23.6287 | 23.7011 | 23.7735 | 23.8459 | 23.9183 | 23.9908 |
Woodie | 22.5885 | 22.9820 | 23.3785 | 23.7720 | 24.1685 | 24.5620 | 24.9585 |
Fibonacci | 22.9814 | 23.2832 | 23.4697 | 23.7714 | 24.0732 | 24.2597 | 24.5614 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
RSI (14): | 56.12 | |
MACD (12,26,9): | 0.0029 | |
Directional Movement: | 13.5177 | |
AROON (14): | 28.5714 | |
DEMA (21): | 23.6480 | |
Parabolic SAR (0,02-0,02-0,2): | 23.3581 | |
Elder Ray (13): | 0.2249 | |
Super Trend (3,10): | 24.1680 | |
Zig ZAG (10): | 23.8577 | |
VORTEX (21): | 1.0851 | |
Stochastique (14,3,5): | 64.50 | |
TEMA (21): | 23.6618 | |
Williams %R (14): | -21.81 | |
Chande Momentum Oscillator (20): | 0.3039 | |
Repulse (5,40,3): | 1.0919 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0185 | |
Courbe Coppock: | 1.01 |
MA7: | 23.6318 | |
MA20: | 23.6855 | |
MA50: | 23.6799 | |
MA100: | 23.6471 | |
MAexp7: | 23.7026 | |
MAexp20: | 23.6554 | |
MAexp50: | 23.6699 | |
MAexp100: | 23.7272 | |
Price / MA7: | +0.98% | |
Price / MA20: | +0.75% | |
Price / MA50: | +0.77% | |
Price / MA100: | +0.91% | |
Price / MAexp7: | +0.68% | |
Price / MAexp20: | +0.88% | |
Price / MAexp50: | +0.82% | |
Price / MAexp100: | +0.57% |
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