EUR/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	EURMXN
ISIN:

EUR/MXN - 1H - Technical analysis published on 04/19/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 18.3331 MXN

My targets

18.6163 MXN (+0.1318)

18.7106 MXN (+0.2261)

My analysis

The bullish trend is currently very strong on EUR/MXN. As long as the price remains above the support at 18.3331 MXN, you could try to benefit from the boom. The first bullish objective is located at 18.6163 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 18.7106 MXN as an objective. Crossing it would then enable buyers to target 18.9823 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

Comment on the analysis

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

The EUR/MXN rating is 18.4845 MXN. The price has increased by +1.71% since the last closing with the lowest point at 18.1695 MXN and the highest point at 19.2530 MXN. The deviation from the price is +1.73% for the low point and -3.99% for the high point.

18.1695

19.2530

18.4845

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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of EUR/MXN in 1H shows a strongly overall bullish trend. 92.86% 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.

The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	17.8280	18.0781	18.3331	18.4845	18.6163	18.9823	19.3951
Change (%)	-3.55%	-2.20%	-0.82%	-	+0.71%	+2.69%	+4.93%
Change	-0.6565	-0.4064	-0.1514	-	+0.1318	+0.4978	+0.9106
Level	Intermediate	Major	Intermediate	-	Minor	Intermediate	Intermediate

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	17.8395	17.9555	18.0651	18.1811	18.2907	18.4067	18.5163
Camarilla	18.1127	18.1333	18.1540	18.1747	18.1954	18.2161	18.2367
Woodie	17.8363	17.9539	18.0619	18.1795	18.2875	18.4051	18.5131
Fibonacci	17.9555	18.0417	18.0949	18.1811	18.2673	18.3205	18.4067

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.2346	17.3909	17.5502	17.7065	17.8658	18.0221	18.1814
Camarilla	17.6226	17.6515	17.6805	17.7094	17.7383	17.7673	17.7962
Woodie	17.2360	17.3917	17.5516	17.7073	17.8672	18.0229	18.1828
Fibonacci	17.3909	17.5115	17.5860	17.7065	17.8271	17.9016	18.0221

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	16.9910	17.4182	17.6372	18.0644	18.2834	18.7106	18.9296
Camarilla	17.6786	17.7378	17.7971	17.8563	17.9155	17.9748	18.0340
Woodie	16.8870	17.3662	17.5332	18.0124	18.1794	18.6586	18.8256
Fibonacci	17.4182	17.6650	17.8175	18.0644	18.3112	18.4637	18.7106

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):	65.77
MACD (12,26,9):	0.0951
Directional Movement:	38.4074
AROON (14):	35.7143
DEMA (21):	18.4447
Parabolic SAR (0,02-0,02-0,2):	18.2621
Elder Ray (13):	0.1075
Super Trend (3,10):	18.3330
Zig ZAG (10):	18.5065
VORTEX (21):	1.1330
Stochastique (14,3,5):	28.32
TEMA (21):	18.4952
Williams %R (14):	-66.78
Chande Momentum Oscillator (20):	0.3415
Repulse (5,40,3):	0.5142
ROCnROLL:	1
TRIX (15,9):	0.0586
Courbe Coppock:	2.91

MA7:	17.9960
MA20:	17.9197
MA50:	18.1910
MA100:	18.4231
MAexp7:	18.4381
MAexp20:	18.3291
MAexp50:	18.2006
MAexp100:	18.0756
Price / MA7:	+2.71%
Price / MA20:	+3.15%
Price / MA50:	+1.61%
Price / MA100:	+0.33%
Price / MAexp7:	+0.25%
Price / MAexp20:	+0.85%
Price / MAexp50:	+1.56%
Price / MAexp100:	+2.26%

Quotes : - Real time data - Forex

This member declared not having a position on this financial instrument or a related financial instrument.

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