GBP/MXN - 1H - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above 29.7313 MXN
My targets
29.9865 MXN (+0.0465)
30.5026 MXN (+0.5626)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GBP/MXN. As long as you are above the support located at 29.7313 MXN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 29.9865 MXN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 30.5026 MXN as an objective. If the support 29.7313 MXN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.5
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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 29.9400 MXN. The price registered an increase of -0.15% on the session and was traded between 29.7144 MXN and 30.0864 MXN over the period. The price is currently at +0.76% from its lowest and -0.49% from its highest.29.7144
30.0864
29.9400
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GBP/MXN in 1H shows an overall bullish trend. 75% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 6 are neutral and 8 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
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 28.2823 | 29.1488 | 29.7313 | 29.9400 | 30.5026 |
| Change (%) | -5.54% | -2.64% | -0.70% | - | +1.88% |
| Change | -1.6577 | -0.7912 | -0.2087 | - | +0.5626 |
| Level | Minor | Intermediate | 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 | 28.2222 | 28.7816 | 29.3837 | 29.9431 | 30.5452 | 31.1046 | 31.7067 |
| Camarilla | 29.6663 | 29.7728 | 29.8792 | 29.9857 | 30.0922 | 30.1986 | 30.3051 |
| Woodie | 28.2435 | 28.7923 | 29.4050 | 29.9538 | 30.5665 | 31.1153 | 31.7280 |
| Fibonacci | 28.7816 | 29.2253 | 29.4994 | 29.9431 | 30.3868 | 30.6609 | 31.1046 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 26.2133 | 27.0290 | 28.0999 | 28.9156 | 29.9865 | 30.8022 | 31.8731 |
| Camarilla | 28.6520 | 28.8249 | 28.9979 | 29.1708 | 29.3437 | 29.5167 | 29.6896 |
| Woodie | 26.3409 | 27.0928 | 28.2275 | 28.9794 | 30.1141 | 30.8660 | 32.0007 |
| Fibonacci | 27.0290 | 27.7497 | 28.1949 | 28.9156 | 29.6363 | 30.0815 | 30.8022 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.0100 | 22.2798 | 25.8827 | 28.1525 | 31.7554 | 34.0252 | 37.6281 |
| Camarilla | 27.8707 | 28.4090 | 28.9474 | 29.4857 | 30.0240 | 30.5624 | 31.1007 |
| Woodie | 20.6767 | 22.6131 | 26.5494 | 28.4858 | 32.4221 | 34.3585 | 38.2948 |
| Fibonacci | 22.2798 | 24.5231 | 25.9091 | 28.1525 | 30.3958 | 31.7818 | 34.0252 |
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): | 51.39 | |
| MACD (12,26,9): | 0.0357 | |
| Directional Movement: | -8.0574 | |
| AROON (14): | -92.8571 | |
| DEMA (21): | 30.0056 | |
| Parabolic SAR (0,02-0,02-0,2): | 30.2470 | |
| Elder Ray (13): | -0.1121 | |
| Super Trend (3,10): | 30.2244 | |
| Zig ZAG (10): | 29.8542 | |
| VORTEX (21): | 1.0082 | |
| Stochastique (14,3,5): | 12.22 | |
| TEMA (21): | 29.9342 | |
| Williams %R (14): | -78.25 | |
| Chande Momentum Oscillator (20): | -0.3097 | |
| Repulse (5,40,3): | -0.1903 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0448 | |
| Courbe Coppock: | 1.73 |
| MA7: | 29.2602 | |
| MA20: | 28.2457 | |
| MA50: | 26.0156 | |
| MA100: | 25.4577 | |
| MAexp7: | 29.9120 | |
| MAexp20: | 29.9437 | |
| MAexp50: | 29.7862 | |
| MAexp100: | 29.5402 | |
| Price / MA7: | +2.32% | |
| Price / MA20: | +6.00% | |
| Price / MA50: | +15.08% | |
| Price / MA100: | +17.61% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | -0.01% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +1.35% |
This member declared not having a position on this financial instrument or a related financial instrument.
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