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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 06/12/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 23.7868 MXN
My targets
24.0604 MXN (+0.1716)
24.7260 MXN (+0.8372)
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 23.7868 MXN. The buyers' bullish objective is set at 24.0604 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 24.7260 MXN. If there is any crossing, the next objective would be the resistance located at 25.2599 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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
8.9

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 price is 23.8888 MXN. The price registered an increase of +0.89% on the session with the lowest point at 23.6326 MXN and the highest point at 23.8945 MXN. The deviation from the price is +1.08% for the low point and -0.02% for the high point.

23.6326
23.8945
23.8888

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 study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


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:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Near resistance of channel

Type : Bearish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 22.3375 23.0994 23.7868 23.8888 25.2599 26.4503 27.7112
Change (%) -6.49% -3.30% -0.43% - +5.74% +10.72% +16.00%
Change -1.5513 -0.7894 -0.1020 - +1.3711 +2.5615 +3.8224
Level Major Intermediate Intermediate - Minor Minor Major



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
Standard23.061823.194123.436023.568323.810223.942524.1844
Camarilla23.574923.609223.643523.677823.712123.746423.7807
Woodie23.116523.221523.490723.595723.864923.969924.2391
Fibonacci23.194123.337123.425423.568323.711323.799623.9425


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard20.243020.908622.151722.817324.060424.726025.9691
Camarilla22.870023.045023.219923.394923.569923.744823.9198
Woodie20.531921.053022.440622.961724.349324.870426.2580
Fibonacci20.908621.637722.088122.817323.546423.996824.7260


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): 69.87
MACD (12,26,9): 0.0955
Directional Movement: 21.7918
AROON (14): 100.0000
DEMA (21): 23.7958
Parabolic SAR (0,02-0,02-0,2): 23.5820
Elder Ray (13): 0.1091
Super Trend (3,10): 23.5799
Zig ZAG (10): 23.8631
VORTEX (21): 1.2502
Stochastique (14,3,5): 86.26
TEMA (21): 23.8305
Williams %R (14): -7.97
Chande Momentum Oscillator (20): 0.2865
Repulse (5,40,3): 0.4481
ROCnROLL: 1
TRIX (15,9): 0.0503
Courbe Coppock: 1.87
MA7: 23.2301
MA20: 22.0503
MA50: 21.4764
MA100: 21.4635
MAexp7: 23.7805
MAexp20: 23.6727
MAexp50: 23.5121
MAexp100: 23.2651
Price / MA7: +2.84%
Price / MA20: +8.34%
Price / MA50: +11.23%
Price / MA100: +11.30%
Price / MAexp7: +0.46%
Price / MAexp20: +0.91%
Price / MAexp50: +1.60%
Price / MAexp100: +2.68%

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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