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 09/27/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 0.13701 MXN

My targets

0.13806 MXN (+0.00054)

0.14021 MXN (+0.00269)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on JPY/MXN as long as the price remains well above 0.13701 MXN. The buyers' bullish objective is set at 0.13806 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.14021 MXN. If there is any crossing, the next objective would be the resistance located at 0.14130 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.4

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 0.13752 MXN. On the day, this instrument gained +1.67% and was traded between 0.13396 MXN and 0.13800 MXN over the period. The price is currently at +2.66% from its lowest and -0.35% from its highest.

0.13396

0.13800

0.13752

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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 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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of JPY/MXN in 1H shows a strongly overall 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

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 : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.13612	0.13655	0.13701	0.13752	0.13806	0.14130	0.15608
Change (%)	-1.02%	-0.71%	-0.37%	-	+0.39%	+2.75%	+13.50%
Change	-0.00140	-0.00097	-0.00051	-	+0.00054	+0.00378	+0.01856
Level	Major	Minor	Minor	-	Major	Intermediate	Minor

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	0.13227	0.13339	0.13432	0.13544	0.13637	0.13749	0.13842
Camarilla	0.13470	0.13488	0.13507	0.13526	0.13545	0.13564	0.13582
Woodie	0.13219	0.13334	0.13424	0.13539	0.13629	0.13744	0.13834
Fibonacci	0.13339	0.13417	0.13465	0.13544	0.13622	0.13670	0.13749

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.12862	0.13121	0.13312	0.13571	0.13762	0.14021	0.14212
Camarilla	0.13378	0.13420	0.13461	0.13502	0.13543	0.13585	0.13626
Woodie	0.12827	0.13104	0.13277	0.13554	0.13727	0.14004	0.14177
Fibonacci	0.13121	0.13293	0.13399	0.13571	0.13743	0.13849	0.14021

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):	68.13
MACD (12,26,9):	0.0006
Directional Movement:	19.31578
AROON (14):	57.14286
DEMA (21):	0.13695
Parabolic SAR (0,02-0,02-0,2):	0.13494
Elder Ray (13):	0.00118
Super Trend (3,10):	0.13566
Zig ZAG (10):	0.13774
VORTEX (21):	1.1442
Stochastique (14,3,5):	94.18
TEMA (21):	0.13734
Williams %R (14):	-10.64
Chande Momentum Oscillator (20):	0.00221
Repulse (5,40,3):	0.5721
ROCnROLL:	1
TRIX (15,9):	0.0307
Courbe Coppock:	2.57

MA7:	0.13562
MA20:	0.13695
MA50:	0.13170
MA100:	0.12191
MAexp7:	0.13711
MAexp20:	0.13635
MAexp50:	0.13580
MAexp100:	0.13553
Price / MA7:	+1.40%
Price / MA20:	+0.42%
Price / MA50:	+4.42%
Price / MA100:	+12.80%
Price / MAexp7:	+0.29%
Price / MAexp20:	+0.85%
Price / MAexp50:	+1.26%
Price / MAexp100:	+1.46%

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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