JPY/MXN

- MXN (-)

- Real time data - Forex

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Forex
Ticker:	JPYMXN
ISIN:

JPY/MXN - 1H - Technical analysis published on 07/25/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

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

8.6

Comment on the analysis

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:

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:

The Central Records scanner for higher/lower results shows the following items:

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

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

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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