EUR/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURMXN
ISIN:

EUR/MXN - 1H - Technical analysis published on 02/20/2025 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 21.2203 MXN

My targets

21.3497 MXN (+0.0247)

21.4099 MXN (+0.0849)

My analysis

EUR/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 21.2203 MXN. The next resistance located at 21.3497 MXN is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 21.4099 MXN. After this resistance, buyers could then target 21.4637 MXN.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.9

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 rating is 21.3250 MXN. The price is lower by -0.02% since the last closing with the lowest point at 21.2301 MXN and the highest point at 21.3693 MXN. The deviation from the price is +0.45% for the low point and -0.21% for the high point.

21.2301

21.3693

21.3250

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

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this EUR/MXN chart shows a bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a slightly bullish signal.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.1434	21.2203	21.3187	21.3250	21.3497	21.4099	21.4637
Change (%)	-0.85%	-0.49%	-0.03%	-	+0.12%	+0.40%	+0.65%
Change	-0.1816	-0.1047	-0.0063	-	+0.0247	+0.0849	+0.1387
Level	Minor	Major	Minor	-	Minor	Intermediate	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	20.9281	21.0134	21.1711	21.2564	21.4141	21.4994	21.6571
Camarilla	21.2620	21.2843	21.3065	21.3288	21.3511	21.3734	21.3956
Woodie	20.9643	21.0315	21.2073	21.2745	21.4503	21.5175	21.6933
Fibonacci	21.0134	21.1062	21.1636	21.2564	21.3492	21.4066	21.4994

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.7837	20.9509	21.1294	21.2966	21.4751	21.6423	21.8208
Camarilla	21.2129	21.2446	21.2763	21.3080	21.3397	21.3714	21.4031
Woodie	20.7895	20.9537	21.1352	21.2994	21.4809	21.6451	21.8266
Fibonacci	20.9509	21.0829	21.1645	21.2966	21.4286	21.5102	21.6423

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.2170	20.5900	21.0144	21.3874	21.8118	22.1848	22.6092
Camarilla	21.2194	21.2925	21.3656	21.4387	21.5118	21.5849	21.6580
Woodie	20.2426	20.6029	21.0400	21.4003	21.8374	22.1977	22.6348
Fibonacci	20.5900	20.8946	21.0828	21.3874	21.6920	21.8802	22.1848

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):	55.15
MACD (12,26,9):	0.0184
Directional Movement:	0.3754
AROON (14):	42.8572
DEMA (21):	21.3377
Parabolic SAR (0,02-0,02-0,2):	21.2580
Elder Ray (13):	0.0102
Super Trend (3,10):	21.2387
Zig ZAG (10):	21.3323
VORTEX (21):	1.0075
Stochastique (14,3,5):	74.42
TEMA (21):	21.3377
Williams %R (14):	-27.87
Chande Momentum Oscillator (20):	0.0242
Repulse (5,40,3):	0.0835
ROCnROLL:	1
TRIX (15,9):	0.0125
Courbe Coppock:	0.09

MA7:	21.3016
MA20:	21.3289
MA50:	21.2470
MA100:	21.3753
MAexp7:	21.3286
MAexp20:	21.3120
MAexp50:	21.2839
MAexp100:	21.2772
Price / MA7:	+0.11%
Price / MA20:	-0.02%
Price / MA50:	+0.37%
Price / MA100:	-0.24%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.06%
Price / MAexp50:	+0.19%
Price / MAexp100:	+0.22%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on EUR/MXN. At the time of publication of this analysis, the latest news was as follows:

EUR/MXN Forecast - Markets Wait for the ECB

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

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