JPY/MXN - 1H - Technical analysis published on 07/25/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.12035 MXN
My targets
0.12123 MXN (+0.00021)
0.12303 MXN (+0.00201)
My analysis
The bullish trend is currently very strong on JPY/MXN. As long as the price remains above the support at 0.12035 MXN, you could try to benefit from the boom. The first bullish objective is located at 0.12123 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.12303 MXN as an objective. Crossing it would then enable buyers to target 0.13806 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
8.6
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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 rating is 0.12102 MXN. The price registered an increase of +1.43% on the session and was traded between 0.11929 MXN and 0.12144 MXN over the period. The price is currently at +1.45% from its lowest and -0.35% from its highest.0.11929
0.12144
0.12102
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 1H of this JPY/MXN chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals 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, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.11890 | 0.11964 | 0.12035 | 0.12102 | 0.12114 | 0.12303 | 0.13806 |
| Change (%) | -1.75% | -1.14% | -0.55% | - | +0.10% | +1.66% | +14.08% |
| Change | -0.00212 | -0.00138 | -0.00067 | - | +0.00012 | +0.00201 | +0.01704 |
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11310 | 0.11475 | 0.11704 | 0.11869 | 0.12098 | 0.12263 | 0.12492 |
| Camarilla | 0.11824 | 0.11860 | 0.11896 | 0.11932 | 0.11968 | 0.12004 | 0.12040 |
| Woodie | 0.11341 | 0.11491 | 0.11735 | 0.11885 | 0.12129 | 0.12279 | 0.12523 |
| Fibonacci | 0.11475 | 0.11626 | 0.11719 | 0.11869 | 0.12020 | 0.12113 | 0.12263 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.96 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | 23.95925 | |
| AROON (14): | 71.42857 | |
| DEMA (21): | 0.12092 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.11963 | |
| Elder Ray (13): | 0.00066 | |
| Super Trend (3,10): | 0.11942 | |
| Zig ZAG (10): | 0.12086 | |
| VORTEX (21): | 1.2558 | |
| Stochastique (14,3,5): | 73.88 | |
| TEMA (21): | 0.12103 | |
| Williams %R (14): | -21.65 | |
| Chande Momentum Oscillator (20): | 0.00155 | |
| Repulse (5,40,3): | 0.3162 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1042 | |
| Courbe Coppock: | 2.23 |
| MA7: | 0.11631 | |
| MA20: | 0.11363 | |
| MA50: | 0.11292 | |
| MA100: | 0.11137 | |
| MAexp7: | 0.12061 | |
| MAexp20: | 0.11976 | |
| MAexp50: | 0.11823 | |
| MAexp100: | 0.11671 | |
| Price / MA7: | +4.05% | |
| Price / MA20: | +6.50% | |
| Price / MA50: | +7.17% | |
| Price / MA100: | +8.66% | |
| Price / MAexp7: | +0.34% | |
| Price / MAexp20: | +1.05% | |
| Price / MAexp50: | +2.36% | |
| Price / MAexp100: | +3.69% |
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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