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GBP/MXN
GBP MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: GBPMXN
ISIN:

GBP/MXN - 1H - Technical analysis published on 09/02/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 23.3386 MXN
My targets
23.1417 MXN (-0.1606)
22.9650 MXN (-0.3373)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GBP/MXN as long as the price remains well below 23.3386 MXN. The sellers' bearish objective is set at 23.1417 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 22.9650 MXN. In case of crossing, the next objective would be the support located at 21.1767 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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
4.8

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/MXN price is 23.3023 MXN. The price registered a decrease of -0.01% on the session with the lowest point at 23.2731 MXN and the highest point at 23.3368 MXN. The deviation from the price is +0.13% for the low point and -0.15% for the high point.

23.2731
23.3368
23.3023

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.

Central Gaps

Bullish opening

Type : Bullish

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 results:

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


New LOW record (1st january)

Type : Bearish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/MXN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 18.4626 21.1767 22.9650 23.3023 23.3386 23.4473 23.5481
Change (%) -20.77% -9.12% -1.45% - +0.16% +0.62% +1.05%
Change -4.8397 -2.1256 -0.3373 - +0.0363 +0.1450 +0.2458
Level Intermediate Minor Major - Minor Minor Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.027323.151723.227623.352023.427923.552323.6282
Camarilla23.248523.266923.285223.303623.322023.340323.3587
Woodie23.003223.139623.203523.339923.403823.540223.6041
Fibonacci23.151723.228223.275523.352023.428523.475823.5523


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard22.862623.141723.336023.615123.809424.088524.2828
Camarilla23.400123.443523.486923.530323.573723.617123.6605
Woodie22.820223.120523.293623.593923.767024.067324.2404
Fibonacci23.141723.322523.434323.615123.795923.907724.0885


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.721422.028022.722424.029024.723426.030026.7244
Camarilla22.866623.050123.233523.416923.600323.783823.9672
Woodie20.415421.875022.416423.876024.417425.877026.4184
Fibonacci22.028022.792423.264624.029024.793425.265626.0300

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 45.38
MACD (12,26,9): -0.0210
Directional Movement: -4.0579
AROON (14): -92.8571
DEMA (21): 23.2935
Parabolic SAR (0,02-0,02-0,2): 23.2731
Elder Ray (13): -0.0026
Super Trend (3,10): 23.3979
Zig ZAG (10): 23.3136
VORTEX (21): 0.9114
Stochastique (14,3,5): 47.03
TEMA (21): 23.2940
Williams %R (14): -33.12
Chande Momentum Oscillator (20): 0.0169
Repulse (5,40,3): 0.0435
ROCnROLL: -1
TRIX (15,9): -0.0164
Courbe Coppock: 0.16
MA7: 23.4366
MA20: 23.8304
MA50: 24.3266
MA100: 24.6706
MAexp7: 23.3081
MAexp20: 23.3244
MAexp50: 23.3656
MAexp100: 23.4154
Price / MA7: -0.57%
Price / MA20: -2.22%
Price / MA50: -4.21%
Price / MA100: -5.55%
Price / MAexp7: -0.02%
Price / MAexp20: -0.09%
Price / MAexp50: -0.27%
Price / MAexp100: -0.48%

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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