JPY/MXN - 1H - Technical analysis published on 02/15/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
56%
17%
28%
My opinion
Bearish under 0.11406 MXN
My targets
0.11304 MXN (-0.00078)
0.11178 MXN (-0.00204)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.11406 MXN remains possible. It is advisable to trade JPY/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.11406 MXN. The next bearish objective for sellers is set at 0.11304 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.11178 MXN. In case of crossing, the next objective would be the support located at 0.09090 MXN. PS: if there is a bullish break in the resistance located at 0.11406 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2
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Additional analysis
Quotes
JPY/MXN rating 0.11382 MXN. On the day, this instrument gained +0.27% and was traded between 0.11351 MXN and 0.11383 MXN over the period. The price is currently at +0.27% from its lowest and -0.01% from its highest.0.11351
0.11383
0.11382
A study of price movements over other periods shows the following variations:
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 bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
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 a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White gravestone / inverted hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.09090 | 0.11382 | 0.11406 | 0.11432 | 0.11513 |
| Change (%) | -20.14% | - | +0.21% | +0.44% | +1.15% |
| Change | -0.02292 | - | +0.00024 | +0.00050 | +0.00131 |
| Level | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11232 | 0.11286 | 0.11319 | 0.11373 | 0.11406 | 0.11460 | 0.11493 |
| Camarilla | 0.11327 | 0.11335 | 0.11343 | 0.11351 | 0.11359 | 0.11367 | 0.11375 |
| Woodie | 0.11221 | 0.11281 | 0.11308 | 0.11368 | 0.11395 | 0.11455 | 0.11482 |
| Fibonacci | 0.11286 | 0.11320 | 0.11340 | 0.11373 | 0.11407 | 0.11427 | 0.11460 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11178 | 0.11304 | 0.11377 | 0.11503 | 0.11576 | 0.11702 | 0.11775 |
| Camarilla | 0.11394 | 0.11413 | 0.11431 | 0.11449 | 0.11467 | 0.11486 | 0.11504 |
| Woodie | 0.11151 | 0.11291 | 0.11350 | 0.11490 | 0.11549 | 0.11689 | 0.11748 |
| Fibonacci | 0.11304 | 0.11380 | 0.11427 | 0.11503 | 0.11579 | 0.11626 | 0.11702 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10905 | 0.11208 | 0.11461 | 0.11764 | 0.12017 | 0.12320 | 0.12573 |
| Camarilla | 0.11560 | 0.11611 | 0.11662 | 0.11713 | 0.11764 | 0.11815 | 0.11866 |
| Woodie | 0.10879 | 0.11196 | 0.11435 | 0.11752 | 0.11991 | 0.12308 | 0.12547 |
| Fibonacci | 0.11208 | 0.11421 | 0.11552 | 0.11764 | 0.11977 | 0.12108 | 0.12320 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.36 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -4.77568 | |
| AROON (14): | -71.42857 | |
| DEMA (21): | 0.11357 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.11342 | |
| Elder Ray (13): | 0.00010 | |
| Super Trend (3,10): | 0.11395 | |
| Zig ZAG (10): | 0.11376 | |
| VORTEX (21): | 0.8607 | |
| Stochastique (14,3,5): | 51.61 | |
| TEMA (21): | 0.11355 | |
| Williams %R (14): | -24.00 | |
| Chande Momentum Oscillator (20): | 0.00001 | |
| Repulse (5,40,3): | 0.1699 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0188 | |
| Courbe Coppock: | 0.55 |
| MA7: | 0.11432 | |
| MA20: | 0.11552 | |
| MA50: | 0.11736 | |
| MA100: | 0.11790 | |
| MAexp7: | 0.11366 | |
| MAexp20: | 0.11375 | |
| MAexp50: | 0.11397 | |
| MAexp100: | 0.11426 | |
| Price / MA7: | -0.44% | |
| Price / MA20: | -1.47% | |
| Price / MA50: | -3.02% | |
| Price / MA100: | -3.46% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | -0.13% | |
| Price / MAexp100: | -0.39% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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