EUR/MXN - 1H - Technical analysis published on 12/18/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 18.7820 MXN
My targets
18.6647 MXN (-0.0821)
18.6165 MXN (-0.1303)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/MXN as long as the price remains well below 18.7820 MXN. The sellers' bearish objective is set at 18.6647 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 18.6165 MXN. In case of crossing, the next objective would be the support located at 18.4416 MXN.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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
EUR/MXN rating 18.7468 MXN. On the day, this instrument lost -0.02% and was traded between 18.7268 MXN and 18.8836 MXN over the period. The price is currently at +0.11% from its lowest and -0.72% from its highest.18.7268
18.8836
18.7468
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by EUR/MXN:
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
Technical analysis of this 1H chart of EUR/MXN indicates that the overall trend is bearish. The signals given by moving averages are 71.43% bearish. This bearish 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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 these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.6165 | 18.6647 | 18.7416 | 18.7468 | 18.7820 | 18.8453 | 18.9816 |
| Change (%) | -0.70% | -0.44% | -0.03% | - | +0.19% | +0.53% | +1.25% |
| Change | -0.1303 | -0.0821 | -0.0052 | - | +0.0352 | +0.0985 | +0.2348 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Major |
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 | 18.3880 | 18.5568 | 18.6533 | 18.8221 | 18.9186 | 19.0874 | 19.1839 |
| Camarilla | 18.6768 | 18.7012 | 18.7255 | 18.7498 | 18.7741 | 18.7984 | 18.8228 |
| Woodie | 18.3519 | 18.5387 | 18.6172 | 18.8040 | 18.8825 | 19.0693 | 19.1478 |
| Fibonacci | 18.5568 | 18.6581 | 18.7208 | 18.8221 | 18.9234 | 18.9861 | 19.0874 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.1633 | 18.4103 | 18.5800 | 18.8270 | 18.9967 | 19.2437 | 19.4134 |
| Camarilla | 18.6352 | 18.6734 | 18.7116 | 18.7498 | 18.7880 | 18.8262 | 18.8644 |
| Woodie | 18.1248 | 18.3910 | 18.5415 | 18.8077 | 18.9582 | 19.2244 | 19.3749 |
| Fibonacci | 18.4103 | 18.5695 | 18.6678 | 18.8270 | 18.9862 | 19.0845 | 19.2437 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.9661 | 18.2448 | 18.5920 | 18.8707 | 19.2179 | 19.4966 | 19.8438 |
| Camarilla | 18.7670 | 18.8244 | 18.8817 | 18.9391 | 18.9965 | 19.0539 | 19.1112 |
| Woodie | 18.0003 | 18.2619 | 18.6262 | 18.8878 | 19.2521 | 19.5137 | 19.8780 |
| Fibonacci | 18.2448 | 18.4839 | 18.6316 | 18.8707 | 19.1098 | 19.2575 | 19.4966 |
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): | 37.59 | |
| MACD (12,26,9): | -0.0174 | |
| Directional Movement: | -6.9671 | |
| AROON (14): | -42.8572 | |
| DEMA (21): | 18.7751 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.8386 | |
| Elder Ray (13): | -0.0435 | |
| Super Trend (3,10): | 18.8554 | |
| Zig ZAG (10): | 18.7474 | |
| VORTEX (21): | 0.9609 | |
| Stochastique (14,3,5): | 11.71 | |
| TEMA (21): | 18.7656 | |
| Williams %R (14): | -86.73 | |
| Chande Momentum Oscillator (20): | -0.0712 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0061 | |
| Courbe Coppock: | 0.44 |
| MA7: | 18.7512 | |
| MA20: | 18.7845 | |
| MA50: | 18.9051 | |
| MA100: | 18.7360 | |
| MAexp7: | 18.7680 | |
| MAexp20: | 18.7946 | |
| MAexp50: | 18.8110 | |
| MAexp100: | 18.8045 | |
| Price / MA7: | -0.02% | |
| Price / MA20: | -0.20% | |
| Price / MA50: | -0.84% | |
| Price / MA100: | +0.06% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.32% |
Quotes :
-
Real time data
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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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