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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 11/26/2019 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Slightly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 25.0835 MXN
My targets
24.9817 MXN (-0.00%)
24.8993 MXN (-0.33%)
My analysis
The basic trend is currently slightly bearish on GBP/MXN and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 25.0835 MXN, sales could be favoured. The first bearish objective would be located at 24.9817 MXN. Sellers would then use the next support located at 24.8993 MXN as an objective. Crossing it would then enable sellers to target 24.7172 MXN. A return to above the resistance at 25.0835 MXN could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
4.1

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The GBP/MXN rating is 24.9821 MXN. The price is lower by -0.38% since the last closing with the lowest point at 24.9568 MXN and the highest point at 25.0909 MXN. The deviation from the price is +0.10% for the low point and -0.43% for the high point.

24.9568
25.0909
24.9821

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



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of GBP/MXN indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals 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 100

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 100

Type : Bearish

Timeframe : 1 hour



Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour



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

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 24.7172 24.8993 24.9817 24.9821 25.0835 25.1426 25.2108
Change (%) -1.06% -0.33% -0.00% - +0.41% +0.64% +0.92%
Change -0.2649 -0.0828 -0.0004 - +0.1014 +0.1605 +0.2287
Level Intermediate Intermediate Minor - Major Intermediate 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
Standard24.559924.689224.883925.013225.207925.337225.5319
Camarilla24.989425.019125.048825.078525.108225.137925.1676
Woodie24.592524.705624.916525.029625.240525.353625.5645
Fibonacci24.689224.813024.889525.013225.137025.213525.3372


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard24.185924.480124.679024.973225.172125.466325.6652
Camarilla24.742324.787524.832724.877924.923124.968325.0135
Woodie24.138324.456324.631424.949425.124525.442525.6176
Fibonacci24.480124.668524.784824.973225.161625.277925.4663


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard23.025723.413724.152424.540425.279125.667126.4058
Camarilla24.581424.684624.787924.891224.994525.097825.2010
Woodie23.201223.501424.327924.628125.454625.754826.5813
Fibonacci23.413723.844124.110024.540424.970825.236725.6671

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): 40.85
MACD (12,26,9): 0.0064
Directional Movement: -11.3749
AROON (14): -85.7142
DEMA (21): 25.0465
Parabolic SAR (0,02-0,02-0,2): 25.0940
Elder Ray (13): -0.0548
Super Trend (3,10): 25.0762
Zig ZAG (10): 24.9801
VORTEX (21): 1.0166
Stochastique (14,3,5): 10.68
TEMA (21): 25.0477
Williams %R (14): -95.94
Chande Momentum Oscillator (20): -0.1220
Repulse (5,40,3): -0.3705
ROCnROLL: 2
TRIX (15,9): 0.0195
Courbe Coppock: 0.31
MA7: 25.0299
MA20: 24.8216
MA50: 24.5514
MA100: 24.2323
MAexp7: 25.0242
MAexp20: 25.0277
MAexp50: 25.0065
MAexp100: 24.9984
Price / MA7: -0.19%
Price / MA20: +0.65%
Price / MA50: +1.75%
Price / MA100: +3.09%
Price / MAexp7: -0.17%
Price / MAexp20: -0.18%
Price / MAexp50: -0.10%
Price / MAexp100: -0.07%

This member declared not having a position on this financial instrument or a related financial instrument.

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