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GBP/MXN
GBP MXN
16.97 MXN (-0.59%)
03/26/2025 - 15:57 Open Real time data - Forex
Open: 17.09
Change: -0.10
Volume: 19,756
Low: 16.77
High: 17.09
High / Low range: 0.32
Type: Forex
Ticker: GBPMXN
ISIN:

GBP/MXN - 1H - Technical analysis published on 08/24/2023 (GMT)

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  • 08/24/2023 - 09:03
Londinia
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  • Timeframe : 1H
  • - Analysis generated on 08/24/2023 - 09:03
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bearish
Underlying: Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 21.5396 MXN
My targets
21.2641 MXN (-0.0916)
21.1898 MXN (-0.1659)
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 21.5396 MXN. The next bearish objective for sellers is set at 21.2641 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 21.1898 MXN. If there is any crossing, the next objective would be the support located at 18.4626 MXN. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9

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 rating is 21.3557 MXN. On the day, this instrument lost -0.02% with the lowest point at 21.3427 MXN and the highest point at 21.4023 MXN. The deviation from the price is +0.06% for the low point and -0.22% for the high point.

21.3427
21.4023
21.3557

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GBP/MXN:
Created with Raphaël 2.3.0-30-22.5-15-7.50January 1st3 years1 year6 months1 month5 daysToday
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 HIGH record (1 month)

Type : Bullish

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 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 2

Type : Neutral

Timeframe : Weekly


Momentum indicator is back under 0

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 a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 18.4626 21.2641 21.3557 21.5529 21.5979 21.7157
Change (%) -13.55% -0.43% - +0.92% +1.13% +1.69%
Change -2.8931 -0.0916 - +0.1972 +0.2422 +0.3600
Level Minor Major - Intermediate Major Minor



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
Standard21.002621.151121.255721.404221.508821.657321.7619
Camarilla21.290721.313921.337121.360321.383521.406721.4299
Woodie20.980721.140121.233821.393221.486921.646321.7400
Fibonacci21.151121.247821.307521.404221.500921.560621.6573


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.189821.361421.539621.711221.889422.061022.2392
Camarilla21.621721.653821.685821.717921.750021.782021.8141
Woodie21.193221.363121.543021.712921.892822.062722.2426
Fibonacci21.361421.495021.577521.711221.844821.927322.0610


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.328820.857421.178021.706622.027222.555822.8764
Camarilla21.265221.343021.420921.498721.576521.654421.7322
Woodie20.224920.805421.074121.654621.923322.503822.7725
Fibonacci20.857421.181821.382221.706622.031022.231422.5558

Numerical data


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

Technical indicators
Created with Raphaël 2.3.0Sell7
Moving averages
Created with Raphaël 2.3.0Sell25

RSI (14): 33.79
MACD (12,26,9): -0.0249
Directional Movement: -9.8477
AROON (14): -14.2857
DEMA (21): 21.3410
Parabolic SAR (0,02-0,02-0,2): 21.3244
Elder Ray (13): -0.0015
Super Trend (3,10): 21.4551
Zig ZAG (10): 21.3462
VORTEX (21): 1.0401
Stochastique (14,3,5): 44.12
TEMA (21): 21.3615
Williams %R (14): -77.19
Chande Momentum Oscillator (20): -0.0165
Repulse (5,40,3): -0.1563
ROCnROLL: 2
TRIX (15,9): -0.0230
Courbe Coppock: 0.04
MA7: 21.6145
MA20: 21.6635
MA50: 21.7547
MA100: 21.9589
MAexp7: 21.3679
MAexp20: 21.3808
MAexp50: 21.4556
MAexp100: 21.5438
Price / MA7: -1.20%
Price / MA20: -1.42%
Price / MA50: -1.83%
Price / MA100: -2.75%
Price / MAexp7: -0.06%
Price / MAexp20: -0.12%
Price / MAexp50: -0.47%
Price / MAexp100: -0.87%

Quotes : 08/24/2023 - 09:03 - 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
Londinia AI

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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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