GBP/MXN - 1H - Technical analysis published on 01/29/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 24.5423 MXN
My targets
24.3552 MXN (-0.0252)
24.2870 MXN (-0.0934)
My analysis
GBP/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 24.5423 MXN. The next support located at 24.3552 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 24.2870 MXN. Below this support, sellers could then target 24.2001 MXN. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GBP/MXN rating is 24.3804 MXN. The price is lower by -0.03% since the last closing and was traded between 24.3425 MXN and 24.4061 MXN over the period. The price is currently at +0.16% from its lowest and -0.11% from its highest.24.3425
24.4061
24.3804
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of GBP/MXN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.2001 | 24.2870 | 24.3552 | 24.3804 | 24.5423 | 24.6189 | 24.7046 |
| Change (%) | -0.74% | -0.38% | -0.10% | - | +0.66% | +0.98% | +1.33% |
| Change | -0.1803 | -0.0934 | -0.0252 | - | +0.1619 | +0.2385 | +0.3242 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.8974 | 24.1228 | 24.2546 | 24.4800 | 24.6118 | 24.8372 | 24.9690 |
| Camarilla | 24.2883 | 24.3210 | 24.3538 | 24.3865 | 24.4192 | 24.4520 | 24.4847 |
| Woodie | 23.8507 | 24.0994 | 24.2079 | 24.4566 | 24.5651 | 24.8138 | 24.9223 |
| Fibonacci | 24.1228 | 24.2592 | 24.3435 | 24.4800 | 24.6164 | 24.7007 | 24.8372 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.7669 | 23.9835 | 24.2737 | 24.4903 | 24.7805 | 24.9971 | 25.2873 |
| Camarilla | 24.4245 | 24.4710 | 24.5174 | 24.5639 | 24.6104 | 24.6568 | 24.7033 |
| Woodie | 23.8037 | 24.0019 | 24.3105 | 24.5087 | 24.8173 | 25.0155 | 25.3241 |
| Fibonacci | 23.9835 | 24.1771 | 24.2967 | 24.4903 | 24.6839 | 24.8035 | 24.9971 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.1317 | 23.7791 | 24.4427 | 25.0901 | 25.7537 | 26.4011 | 27.0647 |
| Camarilla | 24.7459 | 24.8661 | 24.9862 | 25.1064 | 25.2266 | 25.3468 | 25.4669 |
| Woodie | 23.1399 | 23.7832 | 24.4509 | 25.0942 | 25.7619 | 26.4052 | 27.0729 |
| Fibonacci | 23.7791 | 24.2799 | 24.5893 | 25.0901 | 25.5909 | 25.9003 | 26.4011 |
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): | 37.07 | |
| MACD (12,26,9): | -0.0507 | |
| Directional Movement: | -9.1519 | |
| AROON (14): | -50.0000 | |
| DEMA (21): | 24.3377 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.3425 | |
| Elder Ray (13): | 0.0063 | |
| Super Trend (3,10): | 24.4528 | |
| Zig ZAG (10): | 24.3773 | |
| VORTEX (21): | 0.7428 | |
| Stochastique (14,3,5): | 46.62 | |
| TEMA (21): | 24.3309 | |
| Williams %R (14): | -52.59 | |
| Chande Momentum Oscillator (20): | -0.0077 | |
| Repulse (5,40,3): | 0.0125 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0395 | |
| Courbe Coppock: | 0.60 |
| MA7: | 24.5275 | |
| MA20: | 24.5665 | |
| MA50: | 24.8605 | |
| MA100: | 24.6720 | |
| MAexp7: | 24.3736 | |
| MAexp20: | 24.4113 | |
| MAexp50: | 24.4967 | |
| MAexp100: | 24.5324 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -0.76% | |
| Price / MA50: | -1.93% | |
| Price / MA100: | -1.18% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -0.62% |
This member declared not having a position on this financial instrument or a related financial instrument.
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