JPY/MXN - 1H - Technical analysis published on 06/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 0.11651 MXN
My targets
0.11513 MXN (-0.00034)
0.11257 MXN (-0.00290)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on JPY/MXN as long as the price remains well below 0.11651 MXN. The sellers' bearish objective is set at 0.11513 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.11257 MXN. In case of crossing, the next objective would be the support located at 0.11091 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/MXN rating is 0.11547 MXN. On the day, this instrument lost -0.01% with the lowest point at 0.11532 MXN and the highest point at 0.11556 MXN. The deviation from the price is +0.13% for the low point and -0.08% for the high point.0.11532
0.11556
0.11547
Here is a more detailed summary of the historical variations registered by JPY/MXN:
Technical
A technical analysis in 1H of this JPY/MXN chart shows a sharp 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.10733 | 0.11091 | 0.11513 | 0.11547 | 0.11651 | 0.11713 | 0.11864 |
| Change (%) | -7.05% | -3.95% | -0.29% | - | +0.90% | +1.44% | +2.75% |
| Change | -0.00814 | -0.00456 | -0.00034 | - | +0.00104 | +0.00166 | +0.00317 |
| Level | Minor | Minor | Major | - | Major | 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 | 0.11301 | 0.11401 | 0.11475 | 0.11575 | 0.11649 | 0.11749 | 0.11823 |
| Camarilla | 0.11500 | 0.11516 | 0.11532 | 0.11548 | 0.11564 | 0.11580 | 0.11596 |
| Woodie | 0.11287 | 0.11395 | 0.11461 | 0.11569 | 0.11635 | 0.11743 | 0.11809 |
| Fibonacci | 0.11401 | 0.11468 | 0.11509 | 0.11575 | 0.11642 | 0.11683 | 0.11749 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10916 | 0.11257 | 0.11494 | 0.11835 | 0.12072 | 0.12413 | 0.12650 |
| Camarilla | 0.11572 | 0.11625 | 0.11678 | 0.11731 | 0.11784 | 0.11837 | 0.11890 |
| Woodie | 0.10864 | 0.11231 | 0.11442 | 0.11809 | 0.12020 | 0.12387 | 0.12598 |
| Fibonacci | 0.11257 | 0.11478 | 0.11614 | 0.11835 | 0.12056 | 0.12192 | 0.12413 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.09972 | 0.10275 | 0.10544 | 0.10847 | 0.11116 | 0.11419 | 0.11688 |
| Camarilla | 0.10657 | 0.10709 | 0.10762 | 0.10814 | 0.10866 | 0.10919 | 0.10971 |
| Woodie | 0.09956 | 0.10267 | 0.10528 | 0.10839 | 0.11100 | 0.11411 | 0.11672 |
| Fibonacci | 0.10275 | 0.10493 | 0.10628 | 0.10847 | 0.11065 | 0.11200 | 0.11419 |
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): | 35.01 | |
| MACD (12,26,9): | -0.0003 | |
| Directional Movement: | -18.10754 | |
| AROON (14): | -42.85714 | |
| DEMA (21): | 0.11540 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.11511 | |
| Elder Ray (13): | -0.00018 | |
| Super Trend (3,10): | 0.11615 | |
| Zig ZAG (10): | 0.11543 | |
| VORTEX (21): | 0.8086 | |
| Stochastique (14,3,5): | 30.79 | |
| TEMA (21): | 0.11529 | |
| Williams %R (14): | -61.82 | |
| Chande Momentum Oscillator (20): | -0.00048 | |
| Repulse (5,40,3): | -0.0551 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0347 | |
| Courbe Coppock: | 1.22 |
| MA7: | 0.11662 | |
| MA20: | 0.11414 | |
| MA50: | 0.11084 | |
| MA100: | 0.11145 | |
| MAexp7: | 0.11549 | |
| MAexp20: | 0.11577 | |
| MAexp50: | 0.11621 | |
| MAexp100: | 0.11660 | |
| Price / MA7: | -0.99% | |
| Price / MA20: | +1.17% | |
| Price / MA50: | +4.18% | |
| Price / MA100: | +3.61% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.64% | |
| Price / MAexp100: | -0.97% |
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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