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 03/02/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Slightly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 25.0866 MXN
My targets
24.8837 MXN (-0.0997)
24.6977 MXN (-0.2857)
My analysis
The short-term decline is currently reinforcing the basic trend, which is only slightly bearish. It would be possible for traders to only trade short positions (for sale) on GBP/MXN as long as the price remains well below 25.0866 MXN. The next bearish objective for sellers is set at 24.8837 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 24.6977 MXN. In case of crossing, the next objective would be the support located at 24.3552 MXN.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
4.5

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 24.9834 MXN. On the day, this instrument gained -0.64% with the lowest point at 24.8615 MXN and the highest point at 25.4670 MXN. The deviation from the price is +0.49% for the low point and -1.90% for the high point.

24.8615
25.4670
24.9834

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of GBP/MXN in 1H shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.3552 24.6977 24.8837 24.9834 25.0866 25.5956 27.0527
Change (%) -2.51% -1.14% -0.40% - +0.41% +2.45% +8.28%
Change -0.6282 -0.2857 -0.0997 - +0.1032 +0.6122 +2.0693
Level Intermediate Minor Major - Major Major Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.258324.657824.901125.300625.543925.943426.1867
Camarilla24.967725.026725.085625.144525.203425.262425.3213
Woodie24.180324.618824.823125.261625.465925.904426.1087
Fibonacci24.657824.903325.055025.300625.546125.697825.9434


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.339223.922424.533525.116725.727826.311026.9221
Camarilla24.816124.925625.035025.144525.254025.363525.4729
Woodie23.353123.929424.547425.123725.741726.318026.9360
Fibonacci23.922424.378724.660525.116725.573025.854826.3110


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.435323.199424.171924.936025.908526.672627.6451
Camarilla24.666924.826124.985325.144525.303725.462925.6221
Woodie22.539623.251524.276224.988126.012826.724727.7494
Fibonacci23.199423.862824.272624.936025.599426.009226.6726

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): 34.78
MACD (12,26,9): -0.0357
Directional Movement: -18.8743
AROON (14): -50.0000
DEMA (21): 25.1911
Parabolic SAR (0,02-0,02-0,2): 25.4215
Elder Ray (13): -0.2426
Super Trend (3,10): 25.3627
Zig ZAG (10): 25.0076
VORTEX (21): 0.7745
Stochastique (14,3,5): 18.60
TEMA (21): 25.1328
Williams %R (14): -72.14
Chande Momentum Oscillator (20): -0.1152
Repulse (5,40,3): -0.3703
ROCnROLL: 2
TRIX (15,9): 0.0086
Courbe Coppock: 0.83
MA7: 24.8682
MA20: 24.4168
MA50: 24.5393
MA100: 24.7273
MAexp7: 25.1434
MAexp20: 25.2074
MAexp50: 25.1638
MAexp100: 25.0198
Price / MA7: +0.46%
Price / MA20: +2.32%
Price / MA50: +1.81%
Price / MA100: +1.04%
Price / MAexp7: -0.64%
Price / MAexp20: -0.89%
Price / MAexp50: -0.72%
Price / MAexp100: -0.15%

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

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