GBP/MXN - 1H - Technical analysis published on 11/19/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 26.7528 MXN
My targets
26.6086 MXN (-0.0790)
26.3890 MXN (-0.2986)
My analysis
GBP/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 26.7528 MXN. The next support located at 26.6086 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 26.3890 MXN. Below this support, sellers could then target 25.6424 MXN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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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 26.6876 MXN. On the day, this instrument lost -0.92% and was between 26.6691 MXN and 27.0074 MXN. This implies that the price is at +0.07% from its lowest and at -1.18% from its highest.26.6691
27.0074
26.6876
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of GBP/MXN in 1H shows a overall strongly bearish trend. 82.14% 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, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD 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 | 25.6424 | 26.3890 | 26.6086 | 26.6876 | 26.7528 | 26.8296 | 26.9653 |
| Change (%) | -3.92% | -1.12% | -0.30% | - | +0.24% | +0.53% | +1.04% |
| Change | -1.0452 | -0.2986 | -0.0790 | - | +0.0652 | +0.1420 | +0.2777 |
| Level | Intermediate | Minor | Major | - | Minor | 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 | 26.6165 | 26.7116 | 26.8234 | 26.9185 | 27.0303 | 27.1254 | 27.2372 |
| Camarilla | 26.8784 | 26.8974 | 26.9163 | 26.9353 | 26.9543 | 26.9732 | 26.9922 |
| Woodie | 26.6250 | 26.7158 | 26.8319 | 26.9227 | 27.0388 | 27.1296 | 27.2457 |
| Fibonacci | 26.7116 | 26.7906 | 26.8394 | 26.9185 | 26.9975 | 27.0463 | 27.1254 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.6493 | 26.0192 | 26.4741 | 26.8440 | 27.2989 | 27.6688 | 28.1237 |
| Camarilla | 26.7023 | 26.7779 | 26.8535 | 26.9291 | 27.0047 | 27.0803 | 27.1559 |
| Woodie | 25.6919 | 26.0405 | 26.5167 | 26.8653 | 27.3415 | 27.6901 | 28.1663 |
| Fibonacci | 26.0192 | 26.3342 | 26.5289 | 26.8440 | 27.1590 | 27.3537 | 27.6688 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.4551 | 26.3077 | 26.8525 | 27.7051 | 28.2499 | 29.1025 | 29.6473 |
| Camarilla | 27.0131 | 27.1412 | 27.2693 | 27.3974 | 27.5255 | 27.6536 | 27.7817 |
| Woodie | 25.3013 | 26.2308 | 26.6987 | 27.6282 | 28.0961 | 29.0256 | 29.4935 |
| Fibonacci | 26.3077 | 26.8415 | 27.1713 | 27.7051 | 28.2389 | 28.5687 | 29.1025 |
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): | 27.50 | |
| MACD (12,26,9): | -0.0371 | |
| Directional Movement: | -19.3654 | |
| AROON (14): | -42.8571 | |
| DEMA (21): | 26.8357 | |
| Parabolic SAR (0,02-0,02-0,2): | 26.9745 | |
| Elder Ray (13): | -0.1469 | |
| Super Trend (3,10): | 26.9035 | |
| Zig ZAG (10): | 26.6937 | |
| VORTEX (21): | 0.8767 | |
| Stochastique (14,3,5): | 5.48 | |
| TEMA (21): | 26.7941 | |
| Williams %R (14): | -94.35 | |
| Chande Momentum Oscillator (20): | -0.2427 | |
| Repulse (5,40,3): | -0.5669 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0024 | |
| Courbe Coppock: | 0.88 |
| MA7: | 26.9037 | |
| MA20: | 27.1688 | |
| MA50: | 27.5097 | |
| MA100: | 28.1240 | |
| MAexp7: | 26.7932 | |
| MAexp20: | 26.8682 | |
| MAexp50: | 26.8869 | |
| MAexp100: | 26.9007 | |
| Price / MA7: | -0.80% | |
| Price / MA20: | -1.77% | |
| Price / MA50: | -2.99% | |
| Price / MA100: | -5.11% | |
| Price / MAexp7: | -0.39% | |
| Price / MAexp20: | -0.67% | |
| Price / MAexp50: | -0.74% | |
| Price / MAexp100: | -0.79% |
Quotes :
2020-11-19 16:41:29
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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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