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 09/16/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 0.13806 MXN

My targets

0.13703 MXN (-0.00054)

0.13598 MXN (-0.00159)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on JPY/MXN. As long as you are under the resistance located at 0.13806 MXN, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.13703 MXN would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.13598 MXN as an objective. Crossing it would then enable sellers to target 0.13526 MXN. If the resistance 0.13806 MXN were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish 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

1.1

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The JPY/MXN price is 0.13757 MXN. The price has increased by +0.87% since the last closing with the lowest point at 0.13601 MXN and the highest point at 0.13775 MXN. The deviation from the price is +1.15% for the low point and -0.13% for the high point.

0.13601

0.13775

0.13757

A study of price movements over other periods shows the following variations:

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

A technical analysis in 1H of this JPY/MXN chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.13526	0.13598	0.13703	0.13757	0.13806	0.13937	0.14160
Change (%)	-1.68%	-1.16%	-0.39%	-	+0.36%	+1.31%	+2.93%
Change	-0.00231	-0.00159	-0.00054	-	+0.00049	+0.00180	+0.00403
Level	Intermediate	Intermediate	Minor	-	Intermediate	Intermediate	Minor

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.13208	0.13414	0.13526	0.13732	0.13844	0.14050	0.14162
Camarilla	0.13552	0.13581	0.13610	0.13639	0.13668	0.13697	0.13727
Woodie	0.13162	0.13391	0.13480	0.13709	0.13798	0.14027	0.14116
Fibonacci	0.13414	0.13535	0.13610	0.13732	0.13853	0.13928	0.14050

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12715	0.13167	0.13403	0.13855	0.14091	0.14543	0.14779
Camarilla	0.13450	0.13513	0.13576	0.13639	0.13702	0.13765	0.13828
Woodie	0.12607	0.13113	0.13295	0.13801	0.13983	0.14489	0.14671
Fibonacci	0.13167	0.13430	0.13592	0.13855	0.14118	0.14280	0.14543

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.10575	0.11405	0.12451	0.13281	0.14327	0.15157	0.16203
Camarilla	0.12980	0.13152	0.13324	0.13496	0.13668	0.13840	0.14012
Woodie	0.10682	0.11459	0.12558	0.13335	0.14434	0.15211	0.16310
Fibonacci	0.11405	0.12122	0.12565	0.13281	0.13998	0.14441	0.15157

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):	53.30
MACD (12,26,9):	-0.0001
Directional Movement:	7.52000
AROON (14):	50.00000
DEMA (21):	0.13677
Parabolic SAR (0,02-0,02-0,2):	0.13622
Elder Ray (13):	0.00045
Super Trend (3,10):	0.13758
Zig ZAG (10):	0.13742
VORTEX (21):	0.9319
Stochastique (14,3,5):	86.35
TEMA (21):	0.13701
Williams %R (14):	-14.94
Chande Momentum Oscillator (20):	0.00089
Repulse (5,40,3):	0.2313
ROCnROLL:	-1
TRIX (15,9):	-0.0349
Courbe Coppock:	0.54

MA7:	0.13878
MA20:	0.13650
MA50:	0.12757
MA100:	0.11956
MAexp7:	0.13716
MAexp20:	0.13704
MAexp50:	0.13761
MAexp100:	0.13816
Price / MA7:	-0.87%
Price / MA20:	+0.78%
Price / MA50:	+7.84%
Price / MA100:	+15.06%
Price / MAexp7:	+0.30%
Price / MAexp20:	+0.39%
Price / MAexp50:	-0.03%
Price / MAexp100:	-0.43%

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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