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 01/10/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 21.4934 MXN

My targets

21.5987 MXN (+0.0297)

21.6672 MXN (+0.0982)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GBP/MXN as long as the price remains well above 21.4934 MXN. The buyers' bullish objective is set at 21.5987 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 21.6672 MXN. If there is any crossing, the next objective would be the resistance located at 22.1242 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The GBP/MXN price is 21.5690 MXN. The price registered an increase of +0.00% on the session with the lowest point at 21.5638 MXN and the highest point at 21.5851 MXN. The deviation from the price is +0.02% for the low point and -0.07% for the high point.

21.5638

21.5851

21.5690

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.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GBP/MXN:

The Central Records scanner for higher/lower results shows the following items:

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 HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of GBP/MXN in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	21.4545	21.4934	21.5478	21.5690	21.5987	21.6672	22.1242
Change (%)	-0.53%	-0.35%	-0.10%	-	+0.14%	+0.46%	+2.57%
Change	-0.1145	-0.0756	-0.0212	-	+0.0297	+0.0982	+0.5552
Level	Intermediate	Minor	Minor	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.2626	21.3329	21.4512	21.5215	21.6398	21.7101	21.8284
Camarilla	21.5177	21.5350	21.5523	21.5696	21.5869	21.6042	21.6215
Woodie	21.2867	21.3449	21.4753	21.5335	21.6639	21.7221	21.8525
Fibonacci	21.3329	21.4049	21.4494	21.5215	21.5935	21.6380	21.7101

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	21.1650	21.3067	21.3845	21.5262	21.6040	21.7457	21.8235
Camarilla	21.4018	21.4220	21.4421	21.4622	21.4823	21.5024	21.5226
Woodie	21.1330	21.2907	21.3525	21.5102	21.5720	21.7297	21.7915
Fibonacci	21.3067	21.3906	21.4424	21.5262	21.6101	21.6619	21.7457

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	20.6188	21.0428	21.3177	21.7417	22.0166	22.4406	22.7155
Camarilla	21.4005	21.4646	21.5286	21.5927	21.6568	21.7208	21.7849
Woodie	20.5444	21.0055	21.2433	21.7044	21.9422	22.4033	22.6411
Fibonacci	21.0428	21.3098	21.4747	21.7417	22.0087	22.1736	22.4406

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):	63.50
MACD (12,26,9):	0.0290
Directional Movement:	16.7195
AROON (14):	35.7143
DEMA (21):	21.5632
Parabolic SAR (0,02-0,02-0,2):	21.5137
Elder Ray (13):	0.0235
Super Trend (3,10):	21.4807
Zig ZAG (10):	21.5680
VORTEX (21):	1.1533
Stochastique (14,3,5):	87.79
TEMA (21):	21.5855
Williams %R (14):	-16.20
Chande Momentum Oscillator (20):	0.1113
Repulse (5,40,3):	0.0309
ROCnROLL:	1
TRIX (15,9):	0.0163
Courbe Coppock:	1.01

MA7:	21.5295
MA20:	21.6385
MA50:	21.6632
MA100:	21.6643
MAexp7:	21.5619
MAexp20:	21.5285
MAexp50:	21.5048
MAexp100:	21.5125
Price / MA7:	+0.18%
Price / MA20:	-0.32%
Price / MA50:	-0.43%
Price / MA100:	-0.44%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.19%
Price / MAexp50:	+0.30%
Price / MAexp100:	+0.26%

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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