GBP/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	GBPMXN
ISIN:

GBP/MXN - 1H - Technical analysis published on 12/27/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

67%

28%

My opinion

Bullish above 21.5467 MXN

My targets

21.6800 MXN (+0.0660)

21.7475 MXN (+0.1335)

My analysis

GBP/MXN is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 21.5467 MXN, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 21.6800 MXN. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 21.7475 MXN would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 21.8429 MXN. Beware of a possible return to under the support located at 21.5467 MXN which would be the sign of a correction of the bullish excesses registered in the short term.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the 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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GBP/MXN rating 21.6140 MXN. The price is lower by -0.01% since the last closing and was between 21.6024 MXN and 21.6243 MXN. This implies that the price is at +0.05% from its lowest and at -0.05% from its highest.

21.6024

21.6243

21.6140

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this GBP/MXN chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.2678	21.5467	21.5987	21.6140	21.6800	21.7475	21.8429
Change (%)	-1.60%	-0.31%	-0.07%	-	+0.31%	+0.62%	+1.06%
Change	-0.3462	-0.0673	-0.0153	-	+0.0660	+0.1335	+0.2289
Level	Major	Intermediate	Major	-	Major	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.4216	21.4657	21.5410	21.5851	21.6604	21.7045	21.7798
Camarilla	21.5836	21.5945	21.6055	21.6164	21.6274	21.6383	21.6492
Woodie	21.4373	21.4735	21.5567	21.5929	21.6761	21.7123	21.7955
Fibonacci	21.4657	21.5113	21.5395	21.5851	21.6307	21.6589	21.7045

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.5108	21.5480	21.5714	21.6086	21.6320	21.6692	21.6926
Camarilla	21.5782	21.5838	21.5894	21.5949	21.6005	21.6060	21.6116
Woodie	21.5040	21.5446	21.5646	21.6052	21.6252	21.6658	21.6858
Fibonacci	21.5480	21.5711	21.5854	21.6086	21.6317	21.6460	21.6692

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.6480	20.9771	21.4701	21.7992	22.2922	22.6213	23.1143
Camarilla	21.7371	21.8125	21.8878	21.9632	22.0386	22.1139	22.1893
Woodie	20.7301	21.0181	21.5522	21.8402	22.3743	22.6623	23.1964
Fibonacci	20.9771	21.2911	21.4851	21.7992	22.1132	22.3072	22.6213

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):	60.40
MACD (12,26,9):	0.0120
Directional Movement:	9.3016
AROON (14):	35.7143
DEMA (21):	21.6073
Parabolic SAR (0,02-0,02-0,2):	21.5725
Elder Ray (13):	0.0137
Super Trend (3,10):	21.5508
Zig ZAG (10):	21.6149
VORTEX (21):	1.1441
Stochastique (14,3,5):	84.24
TEMA (21):	21.6217
Williams %R (14):	-19.67
Chande Momentum Oscillator (20):	0.0583
Repulse (5,40,3):	0.0203
ROCnROLL:	1
TRIX (15,9):	0.0042
Courbe Coppock:	0.60

MA7:	21.6031
MA20:	21.7544
MA50:	21.7431
MA100:	21.6771
MAexp7:	21.6118
MAexp20:	21.5953
MAexp50:	21.5921
MAexp100:	21.6140
Price / MA7:	+0.05%
Price / MA20:	-0.65%
Price / MA50:	-0.59%
Price / MA100:	-0.29%
Price / MAexp7:	+0.01%
Price / MAexp20:	+0.09%
Price / MAexp50:	+0.10%
Price / MAexp100:	-0%

Quotes : - Real time data - Forex

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

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