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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 06/07/2024 (GMT)

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Londinia
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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 bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 23.0341 MXN
My targets
23.7868 MXN (+0.5761)
25.2599 MXN (+2.0492)
My analysis
The bullish trend is currently very strong on GBP/MXN. As long as the price remains above the support at 23.0341 MXN, you could try to benefit from the boom. The first bullish objective is located at 23.7868 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.2599 MXN as an objective. Crossing it would then enable buyers to target 27.7112 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2

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 23.2107 MXN. The price has increased by +1.43% since the last closing and was between 22.7113 MXN and 23.4069 MXN. This implies that the price is at +2.20% from its lowest and at -0.84% from its highest.

22.7113
23.4069
23.2107

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

Central Records

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this GBP/MXN chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.6898 23.0341 23.2008 23.2107 23.7868 25.2599 27.7112
Change (%) -2.24% -0.76% -0.04% - +2.48% +8.83% +19.39%
Change -0.5209 -0.1766 -0.0099 - +0.5761 +2.0492 +4.5005
Level Minor Minor Intermediate - Minor Minor Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.720822.013722.448222.741123.175623.468523.9030
Camarilla22.682622.749222.815922.882622.949323.016023.0826
Woodie21.791522.049122.518922.776523.246323.503923.9737
Fibonacci22.013722.291622.463322.741123.019023.190723.4685


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.829221.028821.352121.551721.875022.074622.3979
Camarilla21.531621.579521.627521.675421.723321.771321.8192
Woodie20.891121.059721.414021.582621.936922.105522.4598
Fibonacci21.028821.228621.352021.551721.751521.874922.0746


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.353220.648021.161721.456521.970222.265022.7787
Camarilla21.453121.527221.601321.675421.749521.823621.8977
Woodie20.462720.702721.271221.511222.079722.319722.8882
Fibonacci20.648020.956921.147721.456521.765421.956222.2650

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): 66.92
MACD (12,26,9): 0.1193
Directional Movement: 23.7569
AROON (14): 7.1428
DEMA (21): 23.0582
Parabolic SAR (0,02-0,02-0,2): 22.7113
Elder Ray (13): 0.3114
Super Trend (3,10): 22.7720
Zig ZAG (10): 23.2061
VORTEX (21): 1.2232
Stochastique (14,3,5): 67.36
TEMA (21): 23.1046
Williams %R (14): -28.06
Chande Momentum Oscillator (20): 0.2653
Repulse (5,40,3): 0.9173
ROCnROLL: 1
TRIX (15,9): 0.0700
Courbe Coppock: 0.71
MA7: 22.4623
MA20: 21.6573
MA50: 21.3022
MA100: 21.4075
MAexp7: 23.0379
MAexp20: 22.9058
MAexp50: 22.7368
MAexp100: 22.5447
Price / MA7: +3.33%
Price / MA20: +7.17%
Price / MA50: +8.96%
Price / MA100: +8.42%
Price / MAexp7: +0.75%
Price / MAexp20: +1.33%
Price / MAexp50: +2.08%
Price / MAexp100: +2.95%

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
Londinia AI

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