EUR/MXN - 1H - Technical analysis published on 10/03/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 18.4635 MXN
My targets
18.5749 MXN (+0.0525)
18.6989 MXN (+0.1765)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EUR/MXN as long as the price remains well above 18.4635 MXN. The buyers' bullish objective is set at 18.5749 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 18.6989 MXN. If there is any crossing, the next objective would be the resistance located at 18.9729 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
5.7
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Additional analysis
Quotes
EUR/MXN rating 18.5224 MXN. On the day, this instrument lost -0.02% and was traded between 18.5156 MXN and 18.5563 MXN over the period. The price is currently at +0.04% from its lowest and -0.18% from its highest.18.5156
18.5563
18.5224
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported 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.
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.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.1949 | 18.3643 | 18.4635 | 18.5224 | 18.5749 | 18.6989 | 18.9729 |
| Change (%) | -1.77% | -0.85% | -0.32% | - | +0.28% | +0.95% | +2.43% |
| Change | -0.3275 | -0.1581 | -0.0589 | - | +0.0525 | +0.1765 | +0.4505 |
| Level | Major | Major | Minor | - | Intermediate | 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 | 18.1793 | 18.2737 | 18.3995 | 18.4939 | 18.6197 | 18.7141 | 18.8399 |
| Camarilla | 18.4648 | 18.4849 | 18.5051 | 18.5253 | 18.5455 | 18.5657 | 18.5859 |
| Woodie | 18.1950 | 18.2816 | 18.4152 | 18.5018 | 18.6354 | 18.7220 | 18.8556 |
| Fibonacci | 18.2737 | 18.3578 | 18.4098 | 18.4939 | 18.5780 | 18.6300 | 18.7141 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.7911 | 18.0288 | 18.2236 | 18.4613 | 18.6561 | 18.8938 | 19.0886 |
| Camarilla | 18.2996 | 18.3392 | 18.3789 | 18.4185 | 18.4582 | 18.4978 | 18.5374 |
| Woodie | 17.7698 | 18.0181 | 18.2023 | 18.4506 | 18.6348 | 18.8831 | 19.0673 |
| Fibonacci | 18.0288 | 18.1940 | 18.2961 | 18.4613 | 18.6265 | 18.7286 | 18.8938 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.2278 | 17.6915 | 18.0550 | 18.5187 | 18.8822 | 19.3459 | 19.7094 |
| Camarilla | 18.1910 | 18.2669 | 18.3427 | 18.4185 | 18.4943 | 18.5702 | 18.6460 |
| Woodie | 17.1777 | 17.6665 | 18.0049 | 18.4937 | 18.8321 | 19.3209 | 19.6593 |
| Fibonacci | 17.6915 | 18.0075 | 18.2027 | 18.5187 | 18.8347 | 19.0299 | 19.3459 |
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): | 57.08 | |
| MACD (12,26,9): | 0.0261 | |
| Directional Movement: | 5.7911 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 18.5436 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.4880 | |
| Elder Ray (13): | 0.0080 | |
| Super Trend (3,10): | 18.4513 | |
| Zig ZAG (10): | 18.5295 | |
| VORTEX (21): | 1.1423 | |
| Stochastique (14,3,5): | 67.92 | |
| TEMA (21): | 18.5637 | |
| Williams %R (14): | -56.89 | |
| Chande Momentum Oscillator (20): | -0.0556 | |
| Repulse (5,40,3): | -0.1140 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0207 | |
| Courbe Coppock: | 0.78 |
| MA7: | 18.5068 | |
| MA20: | 18.4706 | |
| MA50: | 18.5064 | |
| MA100: | 18.6534 | |
| MAexp7: | 18.5356 | |
| MAexp20: | 18.5109 | |
| MAexp50: | 18.4900 | |
| MAexp100: | 18.4819 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +0.28% | |
| Price / MA50: | +0.09% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.22% |
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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