GBP/MXN

17.05 MXN (-0.87%)

03/27/2025 - 08:10 Open Real time data - Forex

Open:	17.05
Change:	-0.15
Volume:	1,053

Low:	17.05
High:	17.05
High / Low range:	0

Type:	Forex
Ticker:	GBPMXN
ISIN:

GBP/MXN - Daily - Technical analysis published on 11/22/2021 (GMT)

275
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11/22/2021 - 08:28
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Timeframe : Daily
- Analysis generated on 11/22/2021 - 08:26
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 27.7112 MXN

My targets

28.5590 MXN (+0.5568)

29.3063 MXN (+1.3041)

My analysis

GBP/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 27.7112 MXN. The next resistance located at 28.5590 MXN is the next bullish objective 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 29.3063 MXN. After this resistance, buyers could then target 29.7163 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/MXN price is 28.0022 MXN. On the day, this instrument lost -0.13% and was between 27.9757 MXN and 28.0574 MXN. This implies that the price is at +0.09% from its lowest and at -0.20% from its highest.

27.9757

28.0574

28.0022

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GBP/MXN in Daily shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	27.3515	27.7112	27.9054	28.0022	28.5590	29.3063	29.7163
Change (%)	-2.32%	-1.04%	-0.35%	-	+1.99%	+4.66%	+6.12%
Change	-0.6507	-0.2910	-0.0968	-	+0.5568	+1.3041	+1.7141
Level	Intermediate	Major	Minor	-	Intermediate	Minor	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	27.5845	27.6971	27.8682	27.9808	28.1519	28.2645	28.4356
Camarilla	27.9613	27.9873	28.0133	28.0393	28.0653	28.0913	28.1173
Woodie	27.6138	27.7117	27.8975	27.9954	28.1812	28.2791	28.4649
Fibonacci	27.6971	27.8055	27.8724	27.9808	28.0892	28.1561	28.2645

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.9578	27.2133	27.6263	27.8818	28.2948	28.5503	28.9633
Camarilla	27.8555	27.9167	27.9780	28.0393	28.1006	28.1619	28.2231
Woodie	27.0366	27.2527	27.7051	27.9212	28.3736	28.5897	29.0421
Fibonacci	27.2133	27.4687	27.6264	27.8818	28.1372	28.2949	28.5503

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.9713	27.3160	27.7296	28.0743	28.4879	28.8326	29.2462
Camarilla	27.9347	28.0042	28.0737	28.1432	28.2127	28.2822	28.3517
Woodie	27.0058	27.3332	27.7641	28.0915	28.5224	28.8498	29.2807
Fibonacci	27.3160	27.6057	27.7846	28.0743	28.3640	28.5429	28.8326

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):	55.64
MACD (12,26,9):	0.0109
Directional Movement:	2.8896
AROON (14):	-42.8571
DEMA (21):	27.8666
Parabolic SAR (0,02-0,02-0,2):	28.1373
Elder Ray (13):	0.1503
Super Trend (3,10):	28.4266
Zig ZAG (10):	28.0188
VORTEX (21):	1.0435
Stochastique (14,3,5):	53.12
TEMA (21):	27.8568
Williams %R (14):	-47.76
Chande Momentum Oscillator (20):	0.2617
Repulse (5,40,3):	0.7391
ROCnROLL:	1
TRIX (15,9):	-0.0131
Courbe Coppock:	1.18

MA7:	27.8554
MA20:	27.8727
MA50:	27.8257
MA100:	27.7289
MAexp7:	27.9056
MAexp20:	27.8626
MAexp50:	27.8350
MAexp100:	27.8108
Price / MA7:	+0.53%
Price / MA20:	+0.46%
Price / MA50:	+0.63%
Price / MA100:	+0.99%
Price / MAexp7:	+0.35%
Price / MAexp20:	+0.50%
Price / MAexp50:	+0.60%
Price / MAexp100:	+0.69%

Quotes : 11/22/2021 - 08:26 - Real time data - Forex

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

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