GBP/MXN
GBP MXN
27.2803 MXN (+0.62%)
Real time data - Forex
Open: 27.1118
Change: +0.1685
Volume: 435,339
Low: 27.0422
High: 27.3166
High / Low range: 0.2744
Type: Forex
Ticker: GBPMXN
ISIN:

GBP/MXN - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 07:31:52
  • Status : INVALID

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

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive 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 analysis. 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.

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

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:

Central Indicators

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:

Central 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:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard26.805126.905127.082027.182027.358927.458927.6358
Camarilla27.182927.208227.233627.259027.284427.309827.3352
Woodie26.843726.924327.120627.201227.397527.478127.6744
Fibonacci26.905127.010827.076227.182027.287727.353127.4589


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard25.311626.240226.739527.668128.167429.096029.5953
Camarilla26.846026.976927.107827.238727.369627.500527.6314
Woodie25.096926.132926.524827.560827.952728.988729.3806
Fibonacci26.240226.785727.122727.668128.213628.550629.0960


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard27.558528.118828.704829.265129.851130.411430.9974
Camarilla28.975629.080729.185729.290829.395929.501029.6060
Woodie27.571428.125228.717729.271529.864030.417831.0103
Fibonacci28.118828.556728.827229.265129.703029.973530.4114

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 - Real time data - Forex

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

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