JPY/MXN - 1H - Technical analysis published on 09/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.11532 MXN
My targets
0.11730 MXN (+0.00076)
0.11813 MXN (+0.00159)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/MXN as long as the price remains well above 0.11532 MXN. The buyers' bullish objective is set at 0.11730 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.11813 MXN. If there is any crossing, the next objective would be the resistance located at 0.12030 MXN.
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
0
10
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/MXN rating is 0.11654 MXN. The price registered an increase of +1.11% on the session and was between 0.11505 MXN and 0.11669 MXN. This implies that the price is at +1.30% from its lowest and at -0.13% from its highest.0.11505
0.11669
0.11654
A study of price movements over other periods shows the following variations:
Near a 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 1H of this JPY/MXN chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 0.11654 | 0.11730 | 0.11813 | 0.12030 |
| Change (%) | -22.00% | -1.05% | - | +0.65% | +1.36% | +3.23% |
| Change | -0.02564 | -0.00122 | - | +0.00076 | +0.00159 | +0.00376 |
| Level | Minor | Major | - | Minor | Minor | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11421 | 0.11459 | 0.11492 | 0.11530 | 0.11563 | 0.11601 | 0.11634 |
| Camarilla | 0.11507 | 0.11513 | 0.11520 | 0.11526 | 0.11533 | 0.11539 | 0.11546 |
| Woodie | 0.11420 | 0.11458 | 0.11491 | 0.11529 | 0.11562 | 0.11600 | 0.11633 |
| Fibonacci | 0.11459 | 0.11486 | 0.11503 | 0.11530 | 0.11557 | 0.11574 | 0.11601 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10885 | 0.11209 | 0.11381 | 0.11705 | 0.11877 | 0.12201 | 0.12373 |
| Camarilla | 0.11416 | 0.11461 | 0.11507 | 0.11552 | 0.11598 | 0.11643 | 0.11688 |
| Woodie | 0.10808 | 0.11171 | 0.11304 | 0.11667 | 0.11800 | 0.12163 | 0.12296 |
| Fibonacci | 0.11209 | 0.11399 | 0.11516 | 0.11705 | 0.11895 | 0.12012 | 0.12201 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10479 | 0.10936 | 0.11310 | 0.11767 | 0.12141 | 0.12598 | 0.12972 |
| Camarilla | 0.11457 | 0.11533 | 0.11609 | 0.11685 | 0.11761 | 0.11837 | 0.11914 |
| Woodie | 0.10439 | 0.10915 | 0.11270 | 0.11746 | 0.12101 | 0.12577 | 0.12932 |
| Fibonacci | 0.10936 | 0.11253 | 0.11449 | 0.11767 | 0.12084 | 0.12280 | 0.12598 |
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): | 74.96 | |
| MACD (12,26,9): | 0.0002 | |
| Directional Movement: | 22.99674 | |
| AROON (14): | 50.00000 | |
| DEMA (21): | 0.11591 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.11518 | |
| Elder Ray (13): | 0.00076 | |
| Super Trend (3,10): | 0.11567 | |
| Zig ZAG (10): | 0.11667 | |
| VORTEX (21): | 1.2292 | |
| Stochastique (14,3,5): | 89.92 | |
| TEMA (21): | 0.11615 | |
| Williams %R (14): | -6.10 | |
| Chande Momentum Oscillator (20): | 0.00094 | |
| Repulse (5,40,3): | 0.5646 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0088 | |
| Courbe Coppock: | 1.08 |
| MA7: | 0.11592 | |
| MA20: | 0.11658 | |
| MA50: | 0.11786 | |
| MA100: | 0.12102 | |
| MAexp7: | 0.11609 | |
| MAexp20: | 0.11569 | |
| MAexp50: | 0.11558 | |
| MAexp100: | 0.11577 | |
| Price / MA7: | +0.53% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | -1.12% | |
| Price / MA100: | -3.70% | |
| Price / MAexp7: | +0.39% | |
| Price / MAexp20: | +0.73% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +0.67% |
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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