EUR/MXN - 1H - Technical analysis published on 12/04/2023 (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:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 18.8945 MXN
My targets
18.9793 MXN (+0.0198)
19.1099 MXN (+0.1504)
My analysis
EUR/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 18.8945 MXN. The next resistance located at 18.9793 MXN is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 19.1099 MXN. After this resistance, buyers could then target 19.3951 MXN.
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
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.
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Additional analysis
Quotes
The EUR/MXN rating is 18.9595 MXN. On the day, this instrument gained +1.35% with the lowest point at 18.6811 MXN and the highest point at 18.9723 MXN. The deviation from the price is +1.49% for the low point and -0.07% for the high point.18.6811
18.9723
18.9595
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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
Technical analysis of EUR/MXN in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
In fact, 17 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 18.6963 | 18.7806 | 18.8945 | 18.9595 | 18.9793 | 19.1099 | 19.3951 |
| Change (%) | -1.39% | -0.94% | -0.34% | - | +0.10% | +0.79% | +2.30% |
| Change | -0.2632 | -0.1789 | -0.0650 | - | +0.0198 | +0.1504 | +0.4356 |
| Level | Minor | Major | Minor | - | Major | Minor | Intermediate |
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 | 18.2876 | 18.4724 | 18.5901 | 18.7749 | 18.8926 | 19.0774 | 19.1951 |
| Camarilla | 18.6247 | 18.6524 | 18.6802 | 18.7079 | 18.7356 | 18.7634 | 18.7911 |
| Woodie | 18.2542 | 18.4556 | 18.5567 | 18.7581 | 18.8592 | 19.0606 | 19.1617 |
| Fibonacci | 18.4724 | 18.5879 | 18.6593 | 18.7749 | 18.8904 | 18.9618 | 19.0774 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.0776 | 18.3644 | 18.5362 | 18.8230 | 18.9948 | 19.2816 | 19.4534 |
| Camarilla | 18.5818 | 18.6238 | 18.6659 | 18.7079 | 18.7499 | 18.7920 | 18.8340 |
| Woodie | 18.0200 | 18.3357 | 18.4786 | 18.7943 | 18.9372 | 19.2529 | 19.3958 |
| Fibonacci | 18.3644 | 18.5396 | 18.6479 | 18.8230 | 18.9982 | 19.1065 | 19.2816 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 78.30 | |
| MACD (12,26,9): | 0.0365 | |
| Directional Movement: | 24.5992 | |
| AROON (14): | 85.7143 | |
| DEMA (21): | 18.8405 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.7378 | |
| Elder Ray (13): | 0.1232 | |
| Super Trend (3,10): | 18.8132 | |
| Zig ZAG (10): | 18.9616 | |
| VORTEX (21): | 1.3013 | |
| Stochastique (14,3,5): | 93.67 | |
| TEMA (21): | 18.8980 | |
| Williams %R (14): | -4.30 | |
| Chande Momentum Oscillator (20): | 0.2451 | |
| Repulse (5,40,3): | 0.6195 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0030 | |
| Courbe Coppock: | 1.69 |
| MA7: | 18.8559 | |
| MA20: | 18.8162 | |
| MA50: | 18.9190 | |
| MA100: | 18.7274 | |
| MAexp7: | 18.8779 | |
| MAexp20: | 18.8109 | |
| MAexp50: | 18.8115 | |
| MAexp100: | 18.8234 | |
| Price / MA7: | +0.55% | |
| Price / MA20: | +0.76% | |
| Price / MA50: | +0.21% | |
| Price / MA100: | +1.24% | |
| Price / MAexp7: | +0.43% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +0.79% | |
| Price / MAexp100: | +0.72% |
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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