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JPY/MXN
JPY MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: JPYMXN
ISIN:

JPY/MXN - 1H - Technical analysis published on 07/26/2022 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 0.14931 MXN
My targets
0.15008 MXN (+0.00015)
0.15084 MXN (+0.00091)
My analysis
A bullish trend on JPY/MXN both in substance and in the short term. A purchase could be considered as long as the price remains above 0.14931 MXN. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.15008 MXN. Then the price could move towards 0.15084 MXN. Then 0.15118 MXN by extension. Be careful, a return below 0.14931 MXN would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.3

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.

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

Additional analysis

Quotes

JPY/MXN rating 0.14993 MXN. The price is lower by -0.01% since the last closing and was traded between 0.14933 MXN and 0.15015 MXN over the period. The price is currently at +0.40% from its lowest and -0.15% from its highest.

0.14933
0.15015
0.14993

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

Central Records

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 LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this JPY/MXN chart shows a bullish trend. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.14774 0.14843 0.14931 0.14993 0.15008 0.15084 0.15118
Change (%) -1.46% -1.00% -0.41% - +0.10% +0.61% +0.83%
Change -0.00219 -0.00150 -0.00062 - +0.00015 +0.00091 +0.00125
Level Intermediate 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
Standard0.147260.148280.149120.150140.150980.152000.15284
Camarilla0.149440.149610.149780.149950.150120.150290.15046
Woodie0.147160.148240.149020.150100.150880.151960.15274
Fibonacci0.148280.148990.149430.150140.150850.151290.15200


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.143670.145360.148140.149830.152610.154300.15708
Camarilla0.149700.150110.150520.150930.151340.151750.15216
Woodie0.144230.145630.148700.150100.153170.154570.15764
Fibonacci0.145360.147060.148120.149830.151530.152590.15430


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.132690.139130.143590.150030.154490.160930.16539
Camarilla0.145060.146060.147060.148060.149060.150060.15106
Woodie0.131710.138640.142610.149540.153510.160440.16441
Fibonacci0.139130.143290.145860.150030.154190.156760.16093

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): 52.26
MACD (12,26,9): -0.0001
Directional Movement: 3.51137
AROON (14): -50.00000
DEMA (21): 0.14964
Parabolic SAR (0,02-0,02-0,2): 0.14933
Elder Ray (13): 0.00018
Super Trend (3,10): 0.15025
Zig ZAG (10): 0.14990
VORTEX (21): 1.0349
Stochastique (14,3,5): 61.79
TEMA (21): 0.14965
Williams %R (14): -26.83
Chande Momentum Oscillator (20): 0.00001
Repulse (5,40,3): 0.2243
ROCnROLL: 1
TRIX (15,9): -0.0140
Courbe Coppock: 0.02
MA7: 0.14951
MA20: 0.14991
MA50: 0.15068
MA100: 0.15630
MAexp7: 0.14975
MAexp20: 0.14979
MAexp50: 0.14989
MAexp100: 0.14977
Price / MA7: +0.28%
Price / MA20: +0.01%
Price / MA50: -0.50%
Price / MA100: -4.08%
Price / MAexp7: +0.12%
Price / MAexp20: +0.09%
Price / MAexp50: +0.03%
Price / MAexp100: +0.11%

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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