EUR/MXN
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 01/27/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 20.8413 MXN
My targets
20.8989 MXN (+0.0262)
20.9752 MXN (+0.1025)
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 20.8413 MXN. The next resistance located at 20.8989 MXN is the next bullish objective 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 20.9752 MXN. After this resistance, buyers could then target 21.0042 MXN. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

EUR/MXN rating 20.8727 MXN. On the day, this instrument gained +0.76% and was between 20.7584 MXN and 20.9102 MXN. This implies that the price is at +0.55% from its lowest and at -0.18% from its highest.

20.7584
20.9102
20.8727

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of EUR/MXN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed 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.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. 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


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 20.6955 20.7314 20.8413 20.8727 20.8989 20.9752 21.0042
Change (%) -0.85% -0.68% -0.15% - +0.13% +0.49% +0.63%
Change -0.1772 -0.1413 -0.0314 - +0.0262 +0.1025 +0.1315
Level Major Minor Minor - Minor Minor 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
Standard20.534720.608620.662220.736120.789720.863620.9172
Camarilla20.680720.692420.704120.715820.727520.739220.7509
Woodie20.524620.603520.652120.731020.779620.858520.9071
Fibonacci20.608620.657320.687420.736120.784820.814920.8636


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.469320.568820.642320.741820.815320.914820.9883
Camarilla20.668220.684120.699920.715820.731720.747520.7634
Woodie20.456320.562320.629320.735320.802320.908320.9753
Fibonacci20.568820.634920.675720.741820.807920.848720.9148


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.028320.475320.852221.299221.676122.123122.5000
Camarilla21.002421.078021.153521.229021.304521.380121.4556
Woodie19.993220.457820.817121.281721.641022.105622.4649
Fibonacci20.475320.790120.984521.299221.614021.808422.1231

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): 64.63
MACD (12,26,9): 0.0315
Directional Movement: 14.7263
AROON (14): 78.5714
DEMA (21): 20.8755
Parabolic SAR (0,02-0,02-0,2): 20.8253
Elder Ray (13): 0.0340
Super Trend (3,10): 20.7815
Zig ZAG (10): 20.8798
VORTEX (21): 1.1588
Stochastique (14,3,5): 75.13
TEMA (21): 20.8883
Williams %R (14): -28.11
Chande Momentum Oscillator (20): 0.0744
Repulse (5,40,3): -0.0126
ROCnROLL: 1
TRIX (15,9): 0.0202
Courbe Coppock: 0.72
MA7: 20.7576
MA20: 20.9348
MA50: 21.1561
MA100: 21.2626
MAexp7: 20.8606
MAexp20: 20.8363
MAexp50: 20.7971
MAexp100: 20.7838
Price / MA7: +0.55%
Price / MA20: -0.30%
Price / MA50: -1.34%
Price / MA100: -1.83%
Price / MAexp7: +0.06%
Price / MAexp20: +0.17%
Price / MAexp50: +0.36%
Price / MAexp100: +0.43%

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

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