GBP/MXN - 1H - Technical analysis published on 07/23/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Neutral between 28.2380 MXN and 28.4246 MXN
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 28.2380 MXN. The first resistance is located at 28.4246 MXN. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by GBP/MXN.
Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/MXN rating is 28.3666 MXN. On the day, this instrument lost -0.39% and was between 28.3629 MXN and 28.5007 MXN. This implies that the price is at +0.01% from its lowest and at -0.47% from its highest.28.3629
28.5007
28.3666
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
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 GBP/MXN in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 28.0217 | 28.0938 | 28.2380 | 28.3666 | 28.4246 | 28.5525 | 28.6142 |
| Change (%) | -1.22% | -0.96% | -0.45% | - | +0.20% | +0.66% | +0.87% |
| Change | -0.3449 | -0.2728 | -0.1286 | - | +0.0580 | +0.1859 | +0.2476 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.0557 | 28.1539 | 28.3156 | 28.4138 | 28.5755 | 28.6737 | 28.8354 |
| Camarilla | 28.4059 | 28.4298 | 28.4536 | 28.4774 | 28.5012 | 28.5251 | 28.5489 |
| Woodie | 28.0876 | 28.1698 | 28.3475 | 28.4297 | 28.6074 | 28.6896 | 28.8673 |
| Fibonacci | 28.1539 | 28.2532 | 28.3145 | 28.4138 | 28.5131 | 28.5744 | 28.6737 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.4526 | 27.7371 | 28.0369 | 28.3214 | 28.6212 | 28.9057 | 29.2055 |
| Camarilla | 28.1759 | 28.2295 | 28.2830 | 28.3366 | 28.3902 | 28.4437 | 28.4973 |
| Woodie | 27.4602 | 27.7409 | 28.0445 | 28.3252 | 28.6288 | 28.9095 | 29.2131 |
| Fibonacci | 27.7371 | 27.9603 | 28.0982 | 28.3214 | 28.5446 | 28.6825 | 28.9057 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.6851 | 26.3711 | 27.4422 | 28.1282 | 29.1993 | 29.8853 | 30.9564 |
| Camarilla | 28.0302 | 28.1913 | 28.3523 | 28.5134 | 28.6745 | 28.8355 | 28.9966 |
| Woodie | 25.8778 | 26.4674 | 27.6349 | 28.2245 | 29.3920 | 29.9816 | 31.1491 |
| Fibonacci | 26.3711 | 27.0423 | 27.4570 | 28.1282 | 28.7994 | 29.2141 | 29.8853 |
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): | 49.10 | |
| MACD (12,26,9): | 0.0170 | |
| Directional Movement: | -0.4331 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 28.4572 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.3873 | |
| Elder Ray (13): | -0.0091 | |
| Super Trend (3,10): | 28.4936 | |
| Zig ZAG (10): | 28.4113 | |
| VORTEX (21): | 1.0691 | |
| Stochastique (14,3,5): | 67.71 | |
| TEMA (21): | 28.4688 | |
| Williams %R (14): | -45.64 | |
| Chande Momentum Oscillator (20): | -0.0783 | |
| Repulse (5,40,3): | -0.1768 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0093 | |
| Courbe Coppock: | 0.62 |
| MA7: | 28.3396 | |
| MA20: | 28.3339 | |
| MA50: | 28.0885 | |
| MA100: | 28.6778 | |
| MAexp7: | 28.4406 | |
| MAexp20: | 28.4390 | |
| MAexp50: | 28.4145 | |
| MAexp100: | 28.3844 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | +0.99% | |
| Price / MA100: | -1.09% | |
| Price / MAexp7: | -0.26% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.17% | |
| Price / MAexp100: | -0.06% |
Quotes :
2020-07-23 07:10:21
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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