EUR/MXN - 1H - Technical analysis published on 11/14/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 18.8801 MXN
My targets
18.7956 MXN (-0.0543)
18.7029 MXN (-0.1470)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/MXN, which is a positive signal for sellers. As long as the price remains above 18.8801 MXN, a sale could be considered. The first bearish objective is located at 18.7956 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 18.7029 MXN as an objective. Crossing it would then enable sellers to target 18.6208 MXN. If the price were to return above 18.8801 MXN, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.2
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Additional analysis
Quotes
EUR/MXN rating 18.8499 MXN. The price registered an increase of +0.00% on the session with the lowest point at 18.8312 MXN and the highest point at 18.8564 MXN. The deviation from the price is +0.10% for the low point and -0.03% for the high point.18.8312
18.8564
18.8499
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
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 EUR/MXN chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.6208 | 18.7029 | 18.7956 | 18.8499 | 18.8801 | 18.9332 | 19.0002 |
| Change (%) | -1.22% | -0.78% | -0.29% | - | +0.16% | +0.44% | +0.80% |
| Change | -0.2291 | -0.1470 | -0.0543 | - | +0.0302 | +0.0833 | +0.1503 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.6482 | 18.7220 | 18.7861 | 18.8599 | 18.9240 | 18.9978 | 19.0619 |
| Camarilla | 18.8123 | 18.8249 | 18.8376 | 18.8502 | 18.8628 | 18.8755 | 18.8881 |
| Woodie | 18.6434 | 18.7196 | 18.7813 | 18.8575 | 18.9192 | 18.9954 | 19.0571 |
| Fibonacci | 18.7220 | 18.7747 | 18.8072 | 18.8599 | 18.9126 | 18.9451 | 18.9978 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.1325 | 18.3912 | 18.6322 | 18.8909 | 19.1319 | 19.3906 | 19.6316 |
| Camarilla | 18.7359 | 18.7817 | 18.8275 | 18.8733 | 18.9191 | 18.9649 | 19.0107 |
| Woodie | 18.1238 | 18.3868 | 18.6235 | 18.8865 | 19.1232 | 19.3862 | 19.6229 |
| Fibonacci | 18.3912 | 18.5821 | 18.7000 | 18.8909 | 19.0818 | 19.1997 | 19.3906 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.3009 | 17.8345 | 18.4699 | 19.0035 | 19.6389 | 20.1725 | 20.8079 |
| Camarilla | 18.7838 | 18.8910 | 18.9981 | 19.1053 | 19.2125 | 19.3196 | 19.4268 |
| Woodie | 17.3518 | 17.8600 | 18.5208 | 19.0290 | 19.6898 | 20.1980 | 20.8588 |
| Fibonacci | 17.8345 | 18.2811 | 18.5569 | 19.0035 | 19.4501 | 19.7259 | 20.1725 |
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): | 46.16 | |
| MACD (12,26,9): | -0.0121 | |
| Directional Movement: | 2.3066 | |
| AROON (14): | -28.5714 | |
| DEMA (21): | 18.8360 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.8700 | |
| Elder Ray (13): | -0.0008 | |
| Super Trend (3,10): | 18.9306 | |
| Zig ZAG (10): | 18.8346 | |
| VORTEX (21): | 0.9650 | |
| Stochastique (14,3,5): | 39.25 | |
| TEMA (21): | 18.8315 | |
| Williams %R (14): | -60.73 | |
| Chande Momentum Oscillator (20): | -0.0410 | |
| Repulse (5,40,3): | 0.0581 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0118 | |
| Courbe Coppock: | 0.44 |
| MA7: | 18.8352 | |
| MA20: | 19.0322 | |
| MA50: | 18.8189 | |
| MA100: | 18.7149 | |
| MAexp7: | 18.8448 | |
| MAexp20: | 18.8531 | |
| MAexp50: | 18.8642 | |
| MAexp100: | 18.8541 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | -0.96% | |
| Price / MA50: | +0.16% | |
| Price / MA100: | +0.72% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.02% | |
| Price / MAexp50: | -0.08% | |
| Price / MAexp100: | -0.02% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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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