JPY/MXN - 1H - Technical analysis published on 07/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.11733 MXN
My targets
0.11964 MXN (+0.00031)
0.12114 MXN (+0.00181)
My analysis
The bullish trend is currently very strong on JPY/MXN. As long as the price remains above the support at 0.11733 MXN, you could try to benefit from the boom. The first bullish objective is located at 0.11964 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.12114 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by chookich. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The JPY/MXN price is 0.11933 MXN. The price registered an increase of +2.32% on the session and was between 0.11641 MXN and 0.12035 MXN. This implies that the price is at +2.51% from its lowest and at -0.85% from its highest.0.11641
0.12035
0.11933
Here is a more detailed summary of the historical variations registered by JPY/MXN:
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 this 1H chart of JPY/MXN indicates that the overall trend is strongly bullish. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.11513 | 0.11584 | 0.11713 | 0.11933 | 0.11964 | 0.12114 | 0.12303 |
| Change (%) | -3.52% | -2.92% | -1.84% | - | +0.26% | +1.52% | +3.10% |
| Change | -0.00420 | -0.00349 | -0.00220 | - | +0.00031 | +0.00181 | +0.00370 |
| Level | Major | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11248 | 0.11341 | 0.11502 | 0.11595 | 0.11756 | 0.11849 | 0.12010 |
| Camarilla | 0.11592 | 0.11615 | 0.11639 | 0.11662 | 0.11685 | 0.11709 | 0.11732 |
| Woodie | 0.11281 | 0.11358 | 0.11535 | 0.11612 | 0.11789 | 0.11866 | 0.12043 |
| Fibonacci | 0.11341 | 0.11438 | 0.11498 | 0.11595 | 0.11692 | 0.11752 | 0.11849 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.10855 | 0.10991 | 0.11226 | 0.11362 | 0.11597 | 0.11733 | 0.11968 |
| Camarilla | 0.11358 | 0.11392 | 0.11426 | 0.11460 | 0.11494 | 0.11528 | 0.11562 |
| Woodie | 0.10904 | 0.11016 | 0.11275 | 0.11387 | 0.11646 | 0.11758 | 0.12017 |
| Fibonacci | 0.10991 | 0.11133 | 0.11221 | 0.11362 | 0.11504 | 0.11592 | 0.11733 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.09299 | 0.10031 | 0.10711 | 0.11443 | 0.12123 | 0.12855 | 0.13535 |
| Camarilla | 0.11002 | 0.11131 | 0.11261 | 0.11390 | 0.11519 | 0.11649 | 0.11778 |
| Woodie | 0.09272 | 0.10018 | 0.10684 | 0.11430 | 0.12096 | 0.12842 | 0.13508 |
| Fibonacci | 0.10031 | 0.10571 | 0.10904 | 0.11443 | 0.11983 | 0.12316 | 0.12855 |
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): | 64.75 | |
| MACD (12,26,9): | 0.0008 | |
| Directional Movement: | 19.24035 | |
| AROON (14): | 28.57143 | |
| DEMA (21): | 0.11964 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.12026 | |
| Elder Ray (13): | 0.00035 | |
| Super Trend (3,10): | 0.11810 | |
| Zig ZAG (10): | 0.11931 | |
| VORTEX (21): | 1.2198 | |
| Stochastique (14,3,5): | 63.89 | |
| TEMA (21): | 0.11978 | |
| Williams %R (14): | -35.76 | |
| Chande Momentum Oscillator (20): | 0.00153 | |
| Repulse (5,40,3): | 0.0529 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1064 | |
| Courbe Coppock: | 3.02 |
| MA7: | 0.11496 | |
| MA20: | 0.11333 | |
| MA50: | 0.11265 | |
| MA100: | 0.11131 | |
| MAexp7: | 0.11925 | |
| MAexp20: | 0.11854 | |
| MAexp50: | 0.11717 | |
| MAexp100: | 0.11590 | |
| Price / MA7: | +3.80% | |
| Price / MA20: | +5.29% | |
| Price / MA50: | +5.93% | |
| Price / MA100: | +7.21% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +1.84% | |
| Price / MAexp100: | +2.96% |
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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