EUR/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
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Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURMXN
ISIN:

EUR/MXN - 1H - Technical analysis published on 01/22/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

39%

28%

33%

My opinion

Bullish above 21.3925 MXN

My targets

21.5816 MXN (+0.0900)

21.8330 MXN (+0.3414)

My analysis

The basic bullish trend is very strong on EUR/MXN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 21.3925 MXN. Crossing the first resistance at 21.5816 MXN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 21.8330 MXN as an objective. Crossing it would then enable buyers to target 22.0163 MXN. Caution, a return to below 21.3925 MXN would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.6

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The EUR/MXN price is 21.4916 MXN. On the day, this instrument lost -0.05% with the lowest point at 21.4418 MXN and the highest point at 21.5232 MXN. The deviation from the price is +0.23% for the low point and -0.15% for the high point.

21.4418

21.5232

21.4916

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of EUR/MXN indicates that the overall trend is strongly bullish. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.0805	21.2889	21.3925	21.4916	21.4943	21.5816	22.0163
Change (%)	-1.91%	-0.94%	-0.46%	-	+0.01%	+0.42%	+2.44%
Change	-0.4111	-0.2027	-0.0991	-	+0.0027	+0.0900	+0.5247
Level	Major	Intermediate	Minor	-	Minor	Intermediate	Intermediate

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
Standard	21.1485	21.2461	21.3744	21.4720	21.6003	21.6979	21.8262
Camarilla	21.4406	21.4613	21.4820	21.5027	21.5234	21.5441	21.5648
Woodie	21.1639	21.2538	21.3898	21.4797	21.6157	21.7056	21.8416
Fibonacci	21.2461	21.3324	21.3857	21.4720	21.5583	21.6116	21.6979

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.5300	20.7830	21.0550	21.3080	21.5800	21.8330	22.1050
Camarilla	21.1825	21.2307	21.2788	21.3269	21.3750	21.4232	21.4713
Woodie	20.5394	20.7878	21.0644	21.3128	21.5894	21.8378	22.1144
Fibonacci	20.7830	20.9836	21.1075	21.3080	21.5086	21.6325	21.8330

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.3052	20.5951	21.0718	21.3617	21.8384	22.1283	22.6050
Camarilla	21.3378	21.4081	21.4783	21.5486	21.6189	21.6891	21.7594
Woodie	20.3987	20.6418	21.1653	21.4084	21.9319	22.1750	22.6985
Fibonacci	20.5951	20.8879	21.0688	21.3617	21.6545	21.8354	22.1283

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):	52.04
MACD (12,26,9):	0.0042
Directional Movement:	-1.5903
AROON (14):	-85.7142
DEMA (21):	21.4987
Parabolic SAR (0,02-0,02-0,2):	21.5156
Elder Ray (13):	-0.0088
Super Trend (3,10):	21.3725
Zig ZAG (10):	21.4917
VORTEX (21):	1.0385
Stochastique (14,3,5):	37.81
TEMA (21):	21.4891
Williams %R (14):	-44.27
Chande Momentum Oscillator (20):	-0.0096
Repulse (5,40,3):	0.1476
ROCnROLL:	-1
TRIX (15,9):	0.0058
Courbe Coppock:	0.10

MA7:	21.3374
MA20:	21.2387
MA50:	21.3131
MA100:	21.4687
MAexp7:	21.4866
MAexp20:	21.4915
MAexp50:	21.4662
MAexp100:	21.4086
Price / MA7:	+0.72%
Price / MA20:	+1.19%
Price / MA50:	+0.84%
Price / MA100:	+0.11%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.00%
Price / MAexp50:	+0.12%
Price / MAexp100:	+0.39%

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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