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 07/24/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.11968 MXN
My targets
0.12114 MXN (+0.00139)
0.12123 MXN (+0.00148)
My analysis
The bullish trend is currently very strong on JPY/MXN. As long as the price remains above the support at 0.11968 MXN, you could try to benefit from the boom. The first bullish objective is located at 0.12114 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.12123 MXN as an objective. Crossing it would then enable buyers to target 0.12303 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
8.9

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.

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

Additional analysis

Quotes

The JPY/MXN rating is 0.11975 MXN. The price has increased by +2.68% since the last closing with the lowest point at 0.11641 MXN and the highest point at 0.12014 MXN. The deviation from the price is +2.87% for the low point and -0.32% for the high point.

0.11641
0.12014
0.11975

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of JPY/MXN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed 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


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



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

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.11584 0.11713 0.11964 0.11975 0.12114 0.12303 0.13806
Change (%) -3.27% -2.19% -0.09% - +1.16% +2.74% +15.29%
Change -0.00391 -0.00262 -0.00011 - +0.00139 +0.00328 +0.01831
Level Minor Intermediate Intermediate - Intermediate Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.112480.113410.115020.115950.117560.118490.12010
Camarilla0.115920.116150.116390.116620.116850.117090.11732
Woodie0.112810.113580.115350.116120.117890.118660.12043
Fibonacci0.113410.114380.114980.115950.116920.117520.11849


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.108550.109910.112260.113620.115970.117330.11968
Camarilla0.113580.113920.114260.114600.114940.115280.11562
Woodie0.109040.110160.112750.113870.116460.117580.12017
Fibonacci0.109910.111330.112210.113620.115040.115920.11733


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.092990.100310.107110.114430.121230.128550.13535
Camarilla0.110020.111310.112610.113900.115190.116490.11778
Woodie0.092720.100180.106840.114300.120960.128420.13508
Fibonacci0.100310.105710.109040.114430.119830.123160.12855

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): 79.36
MACD (12,26,9): 0.0009
Directional Movement: 36.97087
AROON (14): 100.00000
DEMA (21): 0.11897
Parabolic SAR (0,02-0,02-0,2): 0.11807
Elder Ray (13): 0.00154
Super Trend (3,10): 0.11806
Zig ZAG (10): 0.11960
VORTEX (21): 1.3267
Stochastique (14,3,5): 92.10
TEMA (21): 0.11932
Williams %R (14): -12.60
Chande Momentum Oscillator (20): 0.00250
Repulse (5,40,3): 0.7837
ROCnROLL: 1
TRIX (15,9): 0.0939
Courbe Coppock: 3.36
MA7: 0.11499
MA20: 0.11334
MA50: 0.11266
MA100: 0.11131
MAexp7: 0.11885
MAexp20: 0.11783
MAexp50: 0.11656
MAexp100: 0.11545
Price / MA7: +4.14%
Price / MA20: +5.66%
Price / MA50: +6.29%
Price / MA100: +7.58%
Price / MAexp7: +0.77%
Price / MAexp20: +1.64%
Price / MAexp50: +2.75%
Price / MAexp100: +3.73%

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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