GBP/MXN - Daily - Technical analysis published on 07/29/2022 (GMT)
- 143
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 24.8017 MXN
My targets
24.3851 MXN (-0.2908)
23.9753 MXN (-0.7006)
My analysis
The basic trend is bearish on GBP/MXN and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 24.8017 MXN. Buyers would then use the next resistance located at 25.8403 MXN as an objective. Crossing it would then enable buyers to target 26.4961 MXN. If there is a return to below the support located at 24.3851 MXN, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 23.9753 MXN and 22.9650 MXN by extension.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0
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 Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/MXN price is 24.6759 MXN. The price is lower by -0.12% since the last closing with the lowest point at 24.6722 MXN and the highest point at 24.7134 MXN. The deviation from the price is +0.01% for the low point and -0.15% for the high point.24.6722
24.7134
24.6759
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GBP/MXN indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.9650 | 23.9753 | 24.3851 | 24.6759 | 24.8017 | 26.4961 | 27.7112 |
| Change (%) | -6.93% | -2.84% | -1.18% | - | +0.51% | +7.38% | +12.30% |
| Change | -1.7109 | -0.7006 | -0.2908 | - | +0.1258 | +1.8202 | +3.0353 |
| Level | Major | Minor | Intermediate | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.3756 | 24.5010 | 24.6034 | 24.7288 | 24.8312 | 24.9566 | 25.0590 |
| Camarilla | 24.6432 | 24.6640 | 24.6849 | 24.7058 | 24.7267 | 24.7476 | 24.7685 |
| Woodie | 24.3641 | 24.4953 | 24.5919 | 24.7231 | 24.8197 | 24.9509 | 25.0475 |
| Fibonacci | 24.5010 | 24.5880 | 24.6418 | 24.7288 | 24.8158 | 24.8696 | 24.9566 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.8509 | 24.0707 | 24.3586 | 24.5784 | 24.8663 | 25.0861 | 25.3740 |
| Camarilla | 24.5070 | 24.5535 | 24.6001 | 24.6466 | 24.6931 | 24.7397 | 24.7862 |
| Woodie | 23.8851 | 24.0877 | 24.3928 | 24.5954 | 24.9005 | 25.1031 | 25.4082 |
| Fibonacci | 24.0707 | 24.2646 | 24.3844 | 24.5784 | 24.7723 | 24.8921 | 25.0861 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.9338 | 23.6287 | 24.0396 | 24.7345 | 25.1454 | 25.8403 | 26.2512 |
| Camarilla | 24.1465 | 24.2479 | 24.3492 | 24.4506 | 24.5520 | 24.6533 | 24.7547 |
| Woodie | 22.7919 | 23.5577 | 23.8977 | 24.6635 | 25.0035 | 25.7693 | 26.1093 |
| Fibonacci | 23.6287 | 24.0511 | 24.3121 | 24.7345 | 25.1569 | 25.4179 | 25.8403 |
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): | 50.71 | |
| MACD (12,26,9): | 0.0071 | |
| Directional Movement: | 4.3062 | |
| AROON (14): | -21.4286 | |
| DEMA (21): | 24.6470 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.3236 | |
| Elder Ray (13): | 0.0316 | |
| Super Trend (3,10): | 25.2070 | |
| Zig ZAG (10): | 24.6772 | |
| VORTEX (21): | 1.0543 | |
| Stochastique (14,3,5): | 73.45 | |
| TEMA (21): | 24.7215 | |
| Williams %R (14): | -34.84 | |
| Chande Momentum Oscillator (20): | -0.0040 | |
| Repulse (5,40,3): | 0.0619 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0045 | |
| Courbe Coppock: | 0.50 |
| MA7: | 24.7018 | |
| MA20: | 24.6371 | |
| MA50: | 24.6601 | |
| MA100: | 25.2594 | |
| MAexp7: | 24.6836 | |
| MAexp20: | 24.6512 | |
| MAexp50: | 24.7974 | |
| MAexp100: | 25.3041 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +0.16% | |
| Price / MA50: | +0.06% | |
| Price / MA100: | -2.31% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | +0.10% | |
| Price / MAexp50: | -0.49% | |
| Price / MAexp100: | -2.48% |
Quotes :
-
Real time data
-
Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GBP/MXN - Daily