JPY/MXN - Daily - Technical analysis published on 08/31/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
28%
28%
My opinion
Bearish under 0.11918 MXN
My targets
0.11532 MXN (-0.00107)
0.10979 MXN (-0.00660)
My analysis
The bearish trend is currently very strong for JPY/MXN. As long as the price remains below the resistance at 0.11918 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.11532 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.10979 MXN as an objective. Crossing it would then enable sellers to target 0.09090 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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Additional analysis
Quotes
The JPY/MXN price is 0.11639 MXN. The price has increased by +1.46% since the last closing and was between 0.11445 MXN and 0.11749 MXN. This implies that the price is at +1.70% from its lowest and at -0.94% from its highest.0.11445
0.11749
0.11639
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this JPY/MXN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.09090 | 0.11532 | 0.11639 | 0.12971 | 0.14341 | 0.14988 |
| Change (%) | -21.90% | -0.92% | - | +11.44% | +23.22% | +28.77% |
| Change | -0.02549 | -0.00107 | - | +0.01332 | +0.02702 | +0.03349 |
| Level | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11351 | 0.11393 | 0.11432 | 0.11474 | 0.11513 | 0.11555 | 0.11594 |
| Camarilla | 0.11450 | 0.11457 | 0.11465 | 0.11472 | 0.11479 | 0.11487 | 0.11494 |
| Woodie | 0.11351 | 0.11392 | 0.11432 | 0.11473 | 0.11513 | 0.11554 | 0.11594 |
| Fibonacci | 0.11393 | 0.11424 | 0.11443 | 0.11474 | 0.11505 | 0.11524 | 0.11555 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11008 | 0.11218 | 0.11328 | 0.11538 | 0.11648 | 0.11858 | 0.11968 |
| Camarilla | 0.11350 | 0.11379 | 0.11409 | 0.11438 | 0.11467 | 0.11497 | 0.11526 |
| Woodie | 0.10958 | 0.11193 | 0.11278 | 0.11513 | 0.11598 | 0.11833 | 0.11918 |
| Fibonacci | 0.11218 | 0.11340 | 0.11416 | 0.11538 | 0.11660 | 0.11736 | 0.11858 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10979 | 0.11341 | 0.11556 | 0.11918 | 0.12133 | 0.12495 | 0.12710 |
| Camarilla | 0.11612 | 0.11665 | 0.11718 | 0.11771 | 0.11824 | 0.11877 | 0.11930 |
| Woodie | 0.10906 | 0.11304 | 0.11483 | 0.11881 | 0.12060 | 0.12458 | 0.12637 |
| Fibonacci | 0.11341 | 0.11561 | 0.11698 | 0.11918 | 0.12138 | 0.12275 | 0.12495 |
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): | 43.38 | |
| MACD (12,26,9): | -0.0012 | |
| Directional Movement: | 4.12817 | |
| AROON (14): | -78.57143 | |
| DEMA (21): | 0.11508 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.11392 | |
| Elder Ray (13): | -0.00006 | |
| Super Trend (3,10): | 0.11782 | |
| Zig ZAG (10): | 0.11617 | |
| VORTEX (21): | 0.8870 | |
| Stochastique (14,3,5): | 31.48 | |
| TEMA (21): | 0.11483 | |
| Williams %R (14): | -47.71 | |
| Chande Momentum Oscillator (20): | -0.00145 | |
| Repulse (5,40,3): | 0.9830 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1379 | |
| Courbe Coppock: | 5.25 |
| MA7: | 0.11520 | |
| MA20: | 0.11696 | |
| MA50: | 0.11860 | |
| MA100: | 0.12353 | |
| MAexp7: | 0.11552 | |
| MAexp20: | 0.11666 | |
| MAexp50: | 0.11910 | |
| MAexp100: | 0.12311 | |
| Price / MA7: | +1.03% | |
| Price / MA20: | -0.49% | |
| Price / MA50: | -1.86% | |
| Price / MA100: | -5.78% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -2.28% | |
| Price / MAexp100: | -5.46% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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