JPY/MXN - 1H - Technical analysis published on 09/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
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
0
10
1.1
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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:
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
S3
S2
S1
R1
R2
R3
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 :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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