JPY/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

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

Type:	Forex
Ticker:	JPYMXN
ISIN:

JPY/MXN - Daily - Technical analysis published on 12/13/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 0.14046 MXN

My targets

0.14576 MXN (+0.00134)

0.15093 MXN (+0.00651)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on JPY/MXN. This is a positive signal for buyers. As long as the price remains above 0.14046 MXN, a purchase could be considered. The first bullish objective is located at 0.14576 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.15093 MXN as an objective. Crossing it would then enable buyers to target 0.15608 MXN. In the event of a return below 0.14046 MXN, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.1

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

The JPY/MXN price is 0.14442 MXN. The price registered a decrease of -0.01% on the session with the lowest point at 0.14407 MXN and the highest point at 0.14446 MXN. The deviation from the price is +0.24% for the low point and -0.03% for the high point.

0.14407

0.14446

0.14442

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by JPY/MXN:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this JPY/MXN chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced 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.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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 : Daily

Near resistance of channel

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.13257	0.13652	0.14046	0.14442	0.14576	0.15093	0.15608
Change (%)	-8.21%	-5.47%	-2.74%	-	+0.93%	+4.51%	+8.07%
Change	-0.01185	-0.00790	-0.00396	-	+0.00134	+0.00651	+0.01166
Level	Intermediate	Minor	Major	-	Major	Minor	Major

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	0.14313	0.14357	0.14400	0.14444	0.14487	0.14531	0.14574
Camarilla	0.14419	0.14427	0.14435	0.14443	0.14451	0.14459	0.14467
Woodie	0.14313	0.14357	0.14400	0.14444	0.14487	0.14531	0.14574
Fibonacci	0.14357	0.14390	0.14411	0.14444	0.14477	0.14498	0.14531

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.14097	0.14221	0.14346	0.14470	0.14595	0.14719	0.14844
Camarilla	0.14404	0.14426	0.14449	0.14472	0.14495	0.14518	0.14541
Woodie	0.14099	0.14221	0.14348	0.14470	0.14597	0.14719	0.14846
Fibonacci	0.14221	0.14316	0.14375	0.14470	0.14565	0.14624	0.14719

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12622	0.12927	0.13476	0.13781	0.14330	0.14635	0.15184
Camarilla	0.13791	0.13869	0.13948	0.14026	0.14104	0.14183	0.14261
Woodie	0.12745	0.12988	0.13599	0.13842	0.14453	0.14696	0.15307
Fibonacci	0.12927	0.13253	0.13454	0.13781	0.14107	0.14308	0.14635

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):	66.89
MACD (12,26,9):	0.0021
Directional Movement:	25.30410
AROON (14):	57.14286
DEMA (21):	0.14415
Parabolic SAR (0,02-0,02-0,2):	0.14123
Elder Ray (13):	0.00149
Super Trend (3,10):	0.13941
Zig ZAG (10):	0.14438
VORTEX (21):	1.1798
Stochastique (14,3,5):	83.47
TEMA (21):	0.14558
Williams %R (14):	-19.01
Chande Momentum Oscillator (20):	0.00540
Repulse (5,40,3):	0.3325
ROCnROLL:	1
TRIX (15,9):	0.1924
Courbe Coppock:	8.05

MA7:	0.14434
MA20:	0.14116
MA50:	0.13773
MA100:	0.14123
MAexp7:	0.14390
MAexp20:	0.14163
MAexp50:	0.13999
MAexp100:	0.14225
Price / MA7:	+0.06%
Price / MA20:	+2.31%
Price / MA50:	+4.86%
Price / MA100:	+2.26%
Price / MAexp7:	+0.36%
Price / MAexp20:	+1.97%
Price / MAexp50:	+3.16%
Price / MAexp100:	+1.53%

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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