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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 09/29/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 22.0207 MXN
My targets
21.7390 MXN (-0.1207)
21.5667 MXN (-0.2930)
My analysis
The bearish basic trend is very strong on GBP/MXN but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 22.0207 MXN. Crossing the first support at 21.7390 MXN would be a sign of a further potential price plummet. Sellers would then use the next support located at 21.5667 MXN as an objective. Crossing it would then enable sellers to target 21.1767 MXN. Caution, a return to above the resistance located at 22.0207 MXN would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.3

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 21.8597 MXN. The price registered a decrease of -0.01% on the session and was between 21.8588 MXN and 21.8735 MXN. This implies that the price is at +0.00% from its lowest and at -0.06% from its highest.

21.8588
21.8735
21.8597

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of GBP/MXN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



On the 18 technical indicators analysed, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

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 20.9599 21.1767 21.7390 21.8597 22.0207 22.4144 22.9650
Change (%) -4.12% -3.12% -0.55% - +0.74% +2.54% +5.06%
Change -0.8998 -0.6830 -0.1207 - +0.1610 +0.5547 +1.1053
Level Intermediate Minor Minor - Intermediate Minor Major



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
Standard20.896921.224521.543621.871222.190322.517922.8370
Camarilla21.684821.744021.803321.862621.921921.981222.0404
Woodie20.892621.222421.539321.869122.186022.515822.8327
Fibonacci21.224521.471621.624221.871222.118322.270922.5179


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.516621.204121.566722.254222.616823.304323.6669
Camarilla21.640521.736821.833021.929322.025622.121822.2181
Woodie20.354221.122921.404322.173022.454423.223123.5045
Fibonacci21.204121.605221.853122.254222.655322.903223.3043


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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 49.88
MACD (12,26,9): 0.0166
Directional Movement: 10.6225
AROON (14): -7.1428
DEMA (21): 21.8926
Parabolic SAR (0,02-0,02-0,2): 21.9746
Elder Ray (13): -0.0050
Super Trend (3,10): 22.0317
Zig ZAG (10): 21.8746
VORTEX (21): 1.0319
Stochastique (14,3,5): 54.05
TEMA (21): 21.9134
Williams %R (14): -49.42
Chande Momentum Oscillator (20): 0.2454
Repulse (5,40,3): -0.1858
ROCnROLL: 2
TRIX (15,9): 0.0061
Courbe Coppock: 0.72
MA7: 22.1933
MA20: 22.7465
MA50: 23.6493
MA100: 24.1584
MAexp7: 21.8991
MAexp20: 21.8747
MAexp50: 21.8809
MAexp100: 21.9920
Price / MA7: -1.50%
Price / MA20: -3.90%
Price / MA50: -7.57%
Price / MA100: -9.52%
Price / MAexp7: -0.18%
Price / MAexp20: -0.07%
Price / MAexp50: -0.10%
Price / MAexp100: -0.60%

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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Londinia AI

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