GBP/MXN - 1H - Technical analysis published on 10/06/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 28.0321 MXN
My targets
27.5569 MXN (-0.1604)
27.1411 MXN (-0.5762)
My analysis
The bearish trend is currently very strong for GBP/MXN. As long as the price remains below the resistance at 28.0321 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 27.5569 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 27.1411 MXN as an objective. Crossing it would then enable sellers to target 26.6086 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 price is 27.7173 MXN. The price is lower by -0.25% since the last closing with the lowest point at 27.4818 MXN and the highest point at 27.9792 MXN. The deviation from the price is +0.86% for the low point and -0.94% for the high point.27.4818
27.9792
27.7173
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of GBP/MXN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. 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, 5 are neutral and 7 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 25.6424 | 26.6086 | 27.7060 | 27.7173 | 28.0321 | 28.4730 | 28.7464 |
| Change (%) | -7.49% | -4.00% | -0.04% | - | +1.14% | +2.73% | +3.71% |
| Change | -2.0749 | -1.1087 | -0.0113 | - | +0.3148 | +0.7557 | +1.0291 |
| Level | Minor | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.2540 | 27.4457 | 27.6158 | 27.8075 | 27.9776 | 28.1693 | 28.3394 |
| Camarilla | 27.6864 | 27.7196 | 27.7527 | 27.7859 | 27.8191 | 27.8522 | 27.8854 |
| Woodie | 27.2432 | 27.4403 | 27.6050 | 27.8021 | 27.9668 | 28.1639 | 28.3286 |
| Fibonacci | 27.4457 | 27.5839 | 27.6693 | 27.8075 | 27.9457 | 28.0311 | 28.1693 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.3760 | 27.1411 | 27.5569 | 28.3220 | 28.7378 | 29.5029 | 29.9187 |
| Camarilla | 27.6481 | 27.7563 | 27.8646 | 27.9728 | 28.0811 | 28.1893 | 28.2976 |
| Woodie | 26.2015 | 27.0538 | 27.3824 | 28.2347 | 28.5633 | 29.4156 | 29.7442 |
| Fibonacci | 27.1411 | 27.5922 | 27.8709 | 28.3220 | 28.7731 | 29.0518 | 29.5029 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.8525 | 25.9288 | 27.2258 | 28.3021 | 29.5991 | 30.6754 | 31.9724 |
| Camarilla | 27.8702 | 28.0878 | 28.3054 | 28.5229 | 28.7405 | 28.9580 | 29.1756 |
| Woodie | 24.9630 | 25.9840 | 27.3363 | 28.3573 | 29.7096 | 30.7306 | 32.0829 |
| Fibonacci | 25.9288 | 26.8354 | 27.3955 | 28.3021 | 29.2087 | 29.7688 | 30.6754 |
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): | 46.56 | |
| MACD (12,26,9): | -0.0372 | |
| Directional Movement: | -14.9457 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 27.6868 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.9309 | |
| Elder Ray (13): | -0.1577 | |
| Super Trend (3,10): | 27.8684 | |
| Zig ZAG (10): | 27.5746 | |
| VORTEX (21): | 0.8927 | |
| Stochastique (14,3,5): | 7.99 | |
| TEMA (21): | 27.6929 | |
| Williams %R (14): | -71.57 | |
| Chande Momentum Oscillator (20): | -0.1517 | |
| Repulse (5,40,3): | -0.3988 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0143 | |
| Courbe Coppock: | 0.40 |
| MA7: | 28.2351 | |
| MA20: | 27.8180 | |
| MA50: | 28.5535 | |
| MA100: | 28.3050 | |
| MAexp7: | 27.6930 | |
| MAexp20: | 27.7661 | |
| MAexp50: | 27.8666 | |
| MAexp100: | 28.0261 | |
| Price / MA7: | -1.83% | |
| Price / MA20: | -0.36% | |
| Price / MA50: | -2.93% | |
| Price / MA100: | -2.08% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.55% | |
| Price / MAexp100: | -1.12% |
Quotes :
2020-10-06 14:17:38
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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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