GBP/MXN - 1H - Technical analysis published on 09/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 27.1980 MXN
My targets
27.0076 MXN (-0.1424)
26.7395 MXN (-0.4105)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/MXN as long as the price remains well below 27.1980 MXN. The next bearish objective for sellers is set at 27.0076 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 26.7395 MXN. If there is any crossing, the next objective would be the support located at 26.6086 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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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 27.1500 MXN. The price registered a decrease of -0.40% on the session and was between 27.1104 MXN and 27.2791 MXN. This implies that the price is at +0.15% from its lowest and at -0.47% from its highest.27.1104
27.2791
27.1500
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
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GBP/MXN chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of triangle is broken
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.6424 | 26.6086 | 27.0076 | 27.1500 | 27.1980 | 27.7060 | 27.9378 |
| Change (%) | -5.55% | -1.99% | -0.52% | - | +0.18% | +2.05% | +2.90% |
| Change | -1.5076 | -0.5414 | -0.1424 | - | +0.0480 | +0.5560 | +0.7878 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.8051 | 26.9051 | 27.0820 | 27.1820 | 27.3589 | 27.4589 | 27.6358 |
| Camarilla | 27.1829 | 27.2082 | 27.2336 | 27.2590 | 27.2844 | 27.3098 | 27.3352 |
| Woodie | 26.8437 | 26.9243 | 27.1206 | 27.2012 | 27.3975 | 27.4781 | 27.6744 |
| Fibonacci | 26.9051 | 27.0108 | 27.0762 | 27.1820 | 27.2877 | 27.3531 | 27.4589 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.3116 | 26.2402 | 26.7395 | 27.6681 | 28.1674 | 29.0960 | 29.5953 |
| Camarilla | 26.8460 | 26.9769 | 27.1078 | 27.2387 | 27.3696 | 27.5005 | 27.6314 |
| Woodie | 25.0969 | 26.1329 | 26.5248 | 27.5608 | 27.9527 | 28.9887 | 29.3806 |
| Fibonacci | 26.2402 | 26.7857 | 27.1227 | 27.6681 | 28.2136 | 28.5506 | 29.0960 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.5585 | 28.1188 | 28.7048 | 29.2651 | 29.8511 | 30.4114 | 30.9974 |
| Camarilla | 28.9756 | 29.0807 | 29.1857 | 29.2908 | 29.3959 | 29.5010 | 29.6060 |
| Woodie | 27.5714 | 28.1252 | 28.7177 | 29.2715 | 29.8640 | 30.4178 | 31.0103 |
| Fibonacci | 28.1188 | 28.5567 | 28.8272 | 29.2651 | 29.7030 | 29.9735 | 30.4114 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.66 | |
| MACD (12,26,9): | 0.0148 | |
| Directional Movement: | -6.2904 | |
| AROON (14): | -78.5714 | |
| DEMA (21): | 27.2186 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.2800 | |
| Elder Ray (13): | -0.0028 | |
| Super Trend (3,10): | 27.1040 | |
| Zig ZAG (10): | 27.2345 | |
| VORTEX (21): | 1.0864 | |
| Stochastique (14,3,5): | 76.61 | |
| TEMA (21): | 27.2691 | |
| Williams %R (14): | -30.13 | |
| Chande Momentum Oscillator (20): | 0.0418 | |
| Repulse (5,40,3): | -0.1431 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0126 | |
| Courbe Coppock: | 0.82 |
| MA7: | 27.4912 | |
| MA20: | 28.4236 | |
| MA50: | 28.6519 | |
| MA100: | 28.5351 | |
| MAexp7: | 27.2340 | |
| MAexp20: | 27.1983 | |
| MAexp50: | 27.2151 | |
| MAexp100: | 27.3738 | |
| Price / MA7: | -1.24% | |
| Price / MA20: | -4.48% | |
| Price / MA50: | -5.24% | |
| Price / MA100: | -4.85% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.24% | |
| Price / MAexp100: | -0.82% |
Quotes :
2020-09-16 07:31:51
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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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