GBP/MXN - 1H - Technical analysis published on 03/06/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 21.7228 MXN
My targets
21.3663 MXN (-0.2546)
21.1098 MXN (-0.5111)
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 21.7228 MXN. The sellers' bearish objective is set at 21.3663 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.1098 MXN. In case of crossing, the next objective would be the support located at 20.4082 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.5
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Additional analysis
Quotes
The GBP/MXN rating is 21.6209 MXN. The price registered a decrease of -0.01% on the session and was between 21.5918 MXN and 21.6437 MXN. This implies that the price is at +0.13% from its lowest and at -0.11% from its highest.21.5918
21.6437
21.6209
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GBP/MXN:
Near a 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 this 1H chart of GBP/MXN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.4626 | 20.4082 | 21.6073 | 21.6209 | 21.7228 | 21.8646 | 22.0064 |
| Change (%) | -14.61% | -5.61% | -0.06% | - | +0.47% | +1.13% | +1.78% |
| Change | -3.1583 | -1.2127 | -0.0136 | - | +0.1019 | +0.2437 | +0.3855 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | Intermediate |
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 | 21.3766 | 21.4658 | 21.5443 | 21.6335 | 21.7120 | 21.8012 | 21.8797 |
| Camarilla | 21.5766 | 21.5920 | 21.6073 | 21.6227 | 21.6381 | 21.6535 | 21.6688 |
| Woodie | 21.3712 | 21.4631 | 21.5389 | 21.6308 | 21.7066 | 21.7985 | 21.8743 |
| Fibonacci | 21.4658 | 21.5299 | 21.5695 | 21.6335 | 21.6976 | 21.7372 | 21.8012 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.6646 | 21.1098 | 21.3663 | 21.8115 | 22.0680 | 22.5132 | 22.7697 |
| Camarilla | 21.4297 | 21.4941 | 21.5584 | 21.6227 | 21.6870 | 21.7514 | 21.8157 |
| Woodie | 20.5702 | 21.0626 | 21.2719 | 21.7643 | 21.9736 | 22.4660 | 22.6753 |
| Fibonacci | 21.1098 | 21.3779 | 21.5435 | 21.8115 | 22.0796 | 22.2452 | 22.5132 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.2313 | 21.0733 | 21.5487 | 22.3907 | 22.8661 | 23.7081 | 24.1835 |
| Camarilla | 21.6617 | 21.7825 | 21.9032 | 22.0240 | 22.1448 | 22.2655 | 22.3863 |
| Woodie | 20.0479 | 20.9817 | 21.3653 | 22.2991 | 22.6827 | 23.6165 | 24.0001 |
| Fibonacci | 21.0733 | 21.5766 | 21.8875 | 22.3907 | 22.8940 | 23.2049 | 23.7081 |
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): | -0.0128 | |
| Directional Movement: | -5.2665 | |
| AROON (14): | 14.2857 | |
| DEMA (21): | 21.6136 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.6412 | |
| Elder Ray (13): | 0.0039 | |
| Super Trend (3,10): | 21.7156 | |
| Zig ZAG (10): | 21.6239 | |
| VORTEX (21): | 0.9588 | |
| Stochastique (14,3,5): | 64.35 | |
| TEMA (21): | 21.6245 | |
| Williams %R (14): | -44.17 | |
| Chande Momentum Oscillator (20): | -0.0186 | |
| Repulse (5,40,3): | -0.0310 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0101 | |
| Courbe Coppock: | 0.07 |
| MA7: | 21.8408 | |
| MA20: | 22.2122 | |
| MA50: | 22.8086 | |
| MA100: | 23.0156 | |
| MAexp7: | 21.6257 | |
| MAexp20: | 21.6336 | |
| MAexp50: | 21.6830 | |
| MAexp100: | 21.7807 | |
| Price / MA7: | -1.01% | |
| Price / MA20: | -2.66% | |
| Price / MA50: | -5.21% | |
| Price / MA100: | -6.06% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.29% | |
| Price / MAexp100: | -0.74% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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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…
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