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

GBP/MXN - Daily - Technical analysis published on 07/03/2020 (GMT)

  • Who voted?
  • 152
  • 0
  • Timeframe : Daily
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Trends
Court terme: Neutral
De fond: Slightly bullish
Technical indicators
50%
17%
33%
My opinion
Neutral between 27.7060 MXN and 28.7445 MXN
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on GBP/MXN. It is difficult to advise a trading direction under these conditions. The first resistance is located at 28.7445 MXN. The first support is located at 27.7060 MXN. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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. 1H Weekly

Additional analysis

Quotes

GBP/MXN rating 28.0850 MXN. The price has increased by +0.22% since the last closing with the lowest point at 27.8836 MXN and the highest point at 28.0942 MXN. The deviation from the price is +0.72% for the low point and -0.03% for the high point.

27.8836
28.0942
28.0850

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 Daily of this GBP/MXN chart shows a slightly bullish trend. 50.00% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : Daily


Resistance of channel is broken

Type : Bullish

Timeframe : Daily



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.8694 26.6086 27.7060 28.0850 28.7445 29.6222 30.3466
Change (%) -11.45% -5.26% -1.35% - +2.35% +5.47% +8.05%
Change -3.2156 -1.4764 -0.3790 - +0.6595 +1.5372 +2.2616
Level Intermediate Minor Major - Major Minor Minor



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
Standard27.435327.693927.859228.117828.283128.541728.7070
Camarilla27.908027.946927.985728.024628.063528.102328.1412
Woodie27.388827.670627.812728.094528.236628.518428.6605
Fibonacci27.693927.855827.955828.117828.279728.379728.5417


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.063924.487224.760025.183325.456125.879426.1522
Camarilla24.841424.905224.969025.032825.096625.160425.2242
Woodie23.988724.449624.684825.145725.380925.841826.0770
Fibonacci24.487224.753124.917425.183325.449225.613525.8794


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard28.010628.150528.331928.471828.653228.793128.9745
Camarilla28.425028.454528.484028.513428.542928.572328.6018
Woodie28.031528.160928.352828.482228.674128.803528.9954
Fibonacci28.150528.273228.349028.471828.594528.670328.7931

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): 50.13
MACD (12,26,9): -0.0801
Directional Movement: 3.7417
AROON (14): 14.2857
DEMA (21): 27.7516
Parabolic SAR (0,02-0,02-0,2): 24.3305
Elder Ray (13): 0.0845
Super Trend (3,10): 25.1661
Zig ZAG (10): 28.0292
VORTEX (21): 1.0046
Stochastique (14,3,5): 89.90
TEMA (21): 27.8872
Williams %R (14): -12.16
Chande Momentum Oscillator (20): -0.1578
Repulse (5,40,3): -0.7729
ROCnROLL: -1
TRIX (15,9): -0.0805
Courbe Coppock: 1.20
MA7: 27.6494
MA20: 27.9328
MA50: 28.3898
MA100: 28.1661
MAexp7: 27.9331
MAexp20: 27.9033
MAexp50: 28.1066
MAexp100: 27.7762
Price / MA7: +1.58%
Price / MA20: +0.54%
Price / MA50: -1.07%
Price / MA100: -0.29%
Price / MAexp7: +0.55%
Price / MAexp20: +0.65%
Price / MAexp50: -0.07%
Price / MAexp100: +1.11%

Quotes : 2020-07-03 10:18:24 - Real time data - Forex

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

About author

Online

Overall rating :
15090
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

no pic

Comments

0 comments on the analysis GBP/MXN - Daily