GBP/MXN
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 01/29/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 24.5423 MXN
My targets
24.3552 MXN (-0.0252)
24.2870 MXN (-0.0934)
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 24.5423 MXN. The next support located at 24.3552 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 24.2870 MXN. Below this support, sellers could then target 24.2001 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.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/MXN rating is 24.3804 MXN. The price is lower by -0.03% since the last closing and was traded between 24.3425 MXN and 24.4061 MXN over the period. The price is currently at +0.16% from its lowest and -0.11% from its highest.

24.3425
24.4061
24.3804

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:

Technical


Technical analysis of GBP/MXN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.2001 24.2870 24.3552 24.3804 24.5423 24.6189 24.7046
Change (%) -0.74% -0.38% -0.10% - +0.66% +0.98% +1.33%
Change -0.1803 -0.0934 -0.0252 - +0.1619 +0.2385 +0.3242
Level Major Minor Major - Intermediate Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.897424.122824.254624.480024.611824.837224.9690
Camarilla24.288324.321024.353824.386524.419224.452024.4847
Woodie23.850724.099424.207924.456624.565124.813824.9223
Fibonacci24.122824.259224.343524.480024.616424.700724.8372


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.766923.983524.273724.490324.780524.997125.2873
Camarilla24.424524.471024.517424.563924.610424.656824.7033
Woodie23.803724.001924.310524.508724.817325.015525.3241
Fibonacci23.983524.177124.296724.490324.683924.803524.9971


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.131723.779124.442725.090125.753726.401127.0647
Camarilla24.745924.866124.986225.106425.226625.346825.4669
Woodie23.139923.783224.450925.094225.761926.405227.0729
Fibonacci23.779124.279924.589325.090125.590925.900326.4011

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): 37.07
MACD (12,26,9): -0.0507
Directional Movement: -9.1519
AROON (14): -50.0000
DEMA (21): 24.3377
Parabolic SAR (0,02-0,02-0,2): 24.3425
Elder Ray (13): 0.0063
Super Trend (3,10): 24.4528
Zig ZAG (10): 24.3773
VORTEX (21): 0.7428
Stochastique (14,3,5): 46.62
TEMA (21): 24.3309
Williams %R (14): -52.59
Chande Momentum Oscillator (20): -0.0077
Repulse (5,40,3): 0.0125
ROCnROLL: 2
TRIX (15,9): -0.0395
Courbe Coppock: 0.60
MA7: 24.5275
MA20: 24.5665
MA50: 24.8605
MA100: 24.6720
MAexp7: 24.3736
MAexp20: 24.4113
MAexp50: 24.4967
MAexp100: 24.5324
Price / MA7: -0.60%
Price / MA20: -0.76%
Price / MA50: -1.93%
Price / MA100: -1.18%
Price / MAexp7: +0.03%
Price / MAexp20: -0.13%
Price / MAexp50: -0.47%
Price / MAexp100: -0.62%

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

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