JPY/MXN - 1H - Technical analysis published on 05/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 0.10594 MXN
My targets
0.10521 MXN (-0.00062)
0.10380 MXN (-0.00203)
My analysis
JPY/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 0.10594 MXN. The next support located at 0.10521 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 0.10380 MXN. Below this support, sellers could then target 0.09090 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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.
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Additional analysis
Quotes
The JPY/MXN rating is 0.10583 MXN. The price is lower by -0.02% since the last closing with the lowest point at 0.10577 MXN and the highest point at 0.10607 MXN. The deviation from the price is +0.06% for the low point and -0.23% for the high point.0.10577
0.10607
0.10583
Here is a more detailed summary of the historical variations registered by JPY/MXN:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of JPY/MXN in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.09090 | 0.10583 | 0.10588 | 0.10676 | 0.10733 |
| Change (%) | -14.11% | - | +0.05% | +0.88% | +1.42% |
| Change | -0.01493 | - | +0.00005 | +0.00093 | +0.00150 |
| Level | Intermediate | - | Minor | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10429 | 0.10506 | 0.10546 | 0.10623 | 0.10663 | 0.10740 | 0.10780 |
| Camarilla | 0.10553 | 0.10564 | 0.10574 | 0.10585 | 0.10596 | 0.10607 | 0.10617 |
| Woodie | 0.10410 | 0.10497 | 0.10527 | 0.10614 | 0.10644 | 0.10731 | 0.10761 |
| Fibonacci | 0.10506 | 0.10551 | 0.10579 | 0.10623 | 0.10668 | 0.10696 | 0.10740 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10380 | 0.10521 | 0.10594 | 0.10735 | 0.10808 | 0.10949 | 0.11022 |
| Camarilla | 0.10609 | 0.10629 | 0.10648 | 0.10668 | 0.10688 | 0.10707 | 0.10727 |
| Woodie | 0.10347 | 0.10504 | 0.10561 | 0.10718 | 0.10775 | 0.10932 | 0.10989 |
| Fibonacci | 0.10521 | 0.10602 | 0.10653 | 0.10735 | 0.10816 | 0.10867 | 0.10949 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.09489 | 0.10098 | 0.10485 | 0.11094 | 0.11481 | 0.12090 | 0.12477 |
| Camarilla | 0.10599 | 0.10690 | 0.10782 | 0.10873 | 0.10964 | 0.11056 | 0.11147 |
| Woodie | 0.09379 | 0.10043 | 0.10375 | 0.11039 | 0.11371 | 0.12035 | 0.12367 |
| Fibonacci | 0.10098 | 0.10478 | 0.10713 | 0.11094 | 0.11474 | 0.11709 | 0.12090 |
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): | 36.09 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | -7.34794 | |
| AROON (14): | -28.57143 | |
| DEMA (21): | 0.10575 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.10607 | |
| Elder Ray (13): | -0.00009 | |
| Super Trend (3,10): | 0.10622 | |
| Zig ZAG (10): | 0.10581 | |
| VORTEX (21): | 0.8582 | |
| Stochastique (14,3,5): | 35.56 | |
| TEMA (21): | 0.10581 | |
| Williams %R (14): | -70.00 | |
| Chande Momentum Oscillator (20): | 0.00002 | |
| Repulse (5,40,3): | -0.0518 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0244 | |
| Courbe Coppock: | 0.21 |
| MA7: | 0.10700 | |
| MA20: | 0.10848 | |
| MA50: | 0.10934 | |
| MA100: | 0.11224 | |
| MAexp7: | 0.10587 | |
| MAexp20: | 0.10597 | |
| MAexp50: | 0.10634 | |
| MAexp100: | 0.10679 | |
| Price / MA7: | -1.09% | |
| Price / MA20: | -2.44% | |
| Price / MA50: | -3.21% | |
| Price / MA100: | -5.71% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.48% | |
| Price / MAexp100: | -0.90% |
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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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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