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 07/25/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

50%

44%

My opinion

Bullish above 0.11890 MXN

My targets

0.11964 MXN (+0.00061)

0.12035 MXN (+0.00132)

My analysis

Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.11890 MXN remains possible. It is advisable to trade JPY/MXN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.11890 MXN. The next bullish objective for buyers is set at 0.11964 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.12035 MXN. If there is any crossing, the next objective would be the resistance located at 0.12114 MXN. PS: if there is a bearish break in the support located at 0.11890 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.8

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 0.11903 MXN. On the day, this instrument lost -0.24% with the lowest point at 0.11888 MXN and the highest point at 0.12215 MXN. The deviation from the price is +0.13% for the low point and -2.55% for the high point.

0.11888

0.12215

0.11903

Here is a more detailed summary of the historical variations registered by JPY/MXN:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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 bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.11584	0.11713	0.11890	0.11903	0.11964	0.12035	0.12114
Change (%)	-2.68%	-1.60%	-0.11%	-	+0.51%	+1.11%	+1.77%
Change	-0.00319	-0.00190	-0.00013	-	+0.00061	+0.00132	+0.00211
Level	Minor	Minor	Minor	-	Intermediate	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	48.97
MACD (12,26,9):	0.0006
Directional Movement:	1.31766
AROON (14):	78.57143
DEMA (21):	0.12108
Parabolic SAR (0,02-0,02-0,2):	0.12210
Elder Ray (13):	-0.00104
Super Trend (3,10):	0.12190
Zig ZAG (10):	0.11901
VORTEX (21):	0.9768
Stochastique (14,3,5):	30.13
TEMA (21):	0.12080
Williams %R (14):	-92.35
Chande Momentum Oscillator (20):	-0.00158
Repulse (5,40,3):	-2.1414
ROCnROLL:	-1
TRIX (15,9):	0.0953
Courbe Coppock:	1.59

MA7:	0.11608
MA20:	0.11358
MA50:	0.11290
MA100:	0.11136
MAexp7:	0.12045
MAexp20:	0.12028
MAexp50:	0.11887
MAexp100:	0.11726
Price / MA7:	+2.54%
Price / MA20:	+4.80%
Price / MA50:	+5.43%
Price / MA100:	+6.89%
Price / MAexp7:	-1.18%
Price / MAexp20:	-1.04%
Price / MAexp50:	+0.13%
Price / MAexp100:	+1.51%

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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