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 07/30/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

17%

56%

28%

My opinion

Neutral between 0.11964 MXN and 0.12035 MXN

My targets

My analysis

The short-term decline on JPY/MXN remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 0.11964 MXN. The first resistance is located at 0.12035 MXN. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.

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

JPY/MXN rating 0.11998 MXN. The price registered a decrease of -1.06% on the session and was traded between 0.11990 MXN and 0.12156 MXN over the period. The price is currently at +0.07% from its lowest and -1.30% from its highest.

0.11990

0.12156

0.11998

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

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, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/MXN in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : 1 hour

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:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

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

Bullish doji star

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.11584	0.11831	0.11964	0.11998	0.12035	0.12114	0.12215
Change (%)	-3.45%	-1.39%	-0.28%	-	+0.31%	+0.97%	+1.81%
Change	-0.00414	-0.00167	-0.00034	-	+0.00037	+0.00116	+0.00217
Level	Minor	Minor	Intermediate	-	Minor	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	0.11769	0.11857	0.11991	0.12079	0.12213	0.12301	0.12435
Camarilla	0.12065	0.12085	0.12106	0.12126	0.12146	0.12167	0.12187
Woodie	0.11793	0.11869	0.12015	0.12091	0.12237	0.12313	0.12459
Fibonacci	0.11857	0.11942	0.11994	0.12079	0.12164	0.12216	0.12301

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.10695	0.11041	0.11523	0.11869	0.12351	0.12697	0.13179
Camarilla	0.11777	0.11853	0.11929	0.12005	0.12081	0.12157	0.12233
Woodie	0.10763	0.11075	0.11591	0.11903	0.12419	0.12731	0.13247
Fibonacci	0.11041	0.11357	0.11553	0.11869	0.12185	0.12381	0.12697

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):	39.30
MACD (12,26,9):	0.0001
Directional Movement:	-8.96348
AROON (14):	-92.85714
DEMA (21):	0.12103
Parabolic SAR (0,02-0,02-0,2):	0.12160
Elder Ray (13):	-0.00046
Super Trend (3,10):	0.12158
Zig ZAG (10):	0.12006
VORTEX (21):	1.0046
Stochastique (14,3,5):	4.98
TEMA (21):	0.12094
Williams %R (14):	-97.52
Chande Momentum Oscillator (20):	-0.00084
Repulse (5,40,3):	-0.9519
ROCnROLL:	2
TRIX (15,9):	0.0316
Courbe Coppock:	0.11

MA7:	0.11882
MA20:	0.11462
MA50:	0.11376
MA100:	0.11155
MAexp7:	0.12078
MAexp20:	0.12082
MAexp50:	0.12040
MAexp100:	0.11951
Price / MA7:	+0.98%
Price / MA20:	+4.68%
Price / MA50:	+5.47%
Price / MA100:	+7.56%
Price / MAexp7:	-0.66%
Price / MAexp20:	-0.70%
Price / MAexp50:	-0.35%
Price / MAexp100:	+0.39%

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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