Londinia Opportunities Analyses - 01/20/2022 (GMT) EUR/MXN - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 23.2143 MXN
My targets
23.3032 MXN (+0.0626)
23.3685 MXN (+0.1279)
My analysis
The basic bullish trend is very strong on EUR/MXN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 23.2143 MXN. Crossing the first resistance at 23.3032 MXN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 23.3685 MXN as an objective. Crossing it would then enable buyers to target 23.4091 MXN. Caution, a return to below 23.2143 MXN would be a sign of a consolidation phase in the short-term basic trend. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
Analysis too old. There are no more charts available.
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Additional analysis
Quotes
The EUR/MXN rating is 23.2406 MXN. On the day, this instrument lost -0.13% and was traded between 23.1323 MXN and 23.2984 MXN over the period. The price is currently at +0.47% from its lowest and -0.25% from its highest.23.1323
23.2984
23.2406
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of EUR/MXN in 1H shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 23.0825 | 23.1577 | 23.2143 | 23.2406 | 23.2441 | 23.3032 | 23.3685 |
| Change (%) | -0.68% | -0.36% | -0.11% | - | +0.02% | +0.27% | +0.55% |
| Change | -0.1581 | -0.0829 | -0.0263 | - | +0.0035 | +0.0626 | +0.1279 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 22.8814 | 22.9672 | 23.1187 | 23.2045 | 23.3560 | 23.4418 | 23.5933 |
| Camarilla | 23.2048 | 23.2266 | 23.2484 | 23.2701 | 23.2919 | 23.3136 | 23.3354 |
| Woodie | 22.9142 | 22.9836 | 23.1515 | 23.2209 | 23.3888 | 23.4582 | 23.6261 |
| Fibonacci | 22.9672 | 23.0579 | 23.1139 | 23.2045 | 23.2952 | 23.3512 | 23.4418 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.6296 | 22.8301 | 23.0081 | 23.2086 | 23.3866 | 23.5871 | 23.7651 |
| Camarilla | 23.0820 | 23.1167 | 23.1514 | 23.1861 | 23.2208 | 23.2555 | 23.2902 |
| Woodie | 22.6184 | 22.8245 | 22.9969 | 23.2030 | 23.3754 | 23.5815 | 23.7539 |
| Fibonacci | 22.8301 | 22.9747 | 23.0640 | 23.2086 | 23.3532 | 23.4425 | 23.5871 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.4953 | 22.2801 | 22.8123 | 23.5971 | 24.1293 | 24.9141 | 25.4463 |
| Camarilla | 22.9824 | 23.1032 | 23.2239 | 23.3446 | 23.4653 | 23.5861 | 23.7068 |
| Woodie | 21.3691 | 22.2170 | 22.6861 | 23.5340 | 24.0031 | 24.8510 | 25.3201 |
| Fibonacci | 22.2801 | 22.7832 | 23.0940 | 23.5971 | 24.1002 | 24.4110 | 24.9141 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.44 | |
| MACD (12,26,9): | 0.0021 | |
| Directional Movement: | 5.8683 | |
| AROON (14): | -64.2857 | |
| DEMA (21): | 23.2184 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.1395 | |
| Elder Ray (13): | 0.0272 | |
| Super Trend (3,10): | 23.2812 | |
| Zig ZAG (10): | 23.2431 | |
| VORTEX (21): | 0.9619 | |
| Stochastique (14,3,5): | 64.88 | |
| TEMA (21): | 23.2100 | |
| Williams %R (14): | -29.20 | |
| Chande Momentum Oscillator (20): | 0.0316 | |
| Repulse (5,40,3): | 0.1136 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0004 | |
| Courbe Coppock: | 0.40 |
| MA7: | 23.2233 | |
| MA20: | 23.2419 | |
| MA50: | 23.5683 | |
| MA100: | 23.6211 | |
| MAexp7: | 23.2190 | |
| MAexp20: | 23.2143 | |
| MAexp50: | 23.2027 | |
| MAexp100: | 23.1963 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.01% | |
| Price / MA50: | -1.39% | |
| Price / MA100: | -1.61% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.11% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.19% |
Quotes :
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Real time data
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Forex