Londinia Opportunities Analyses - 10/09/2024 (GMT) GBP/MXN - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 25.4186 MXN
My targets
25.5723 MXN (+0.0994)
25.8062 MXN (+0.3333)
My analysis
The bullish trend is currently very strong on GBP/MXN. As long as the price remains above the support at 25.4186 MXN, you could try to benefit from the boom. The first bullish objective is located at 25.5723 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 25.8062 MXN as an objective. Crossing it would then enable buyers to target 26.1063 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
7.7
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Additional analysis
Quotes
The GBP/MXN rating is 25.4729 MXN. The price has increased by +0.47% since the last closing and was between 25.2726 MXN and 25.4966 MXN. This implies that the price is at +0.79% from its lowest and at -0.09% from its highest.25.2726
25.4966
25.4729
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
Technical analysis of this 1H chart of GBP/MXN indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 100
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.9875 | 25.2599 | 25.4186 | 25.4729 | 25.8062 | 26.1063 | 26.2782 |
| Change (%) | -1.91% | -0.84% | -0.21% | - | +1.31% | +2.49% | +3.16% |
| Change | -0.4854 | -0.2130 | -0.0543 | - | +0.3333 | +0.6334 | +0.8053 |
| Level | Intermediate | Major | Minor | - | Minor | Minor | Intermediate |
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 | 24.9142 | 25.0461 | 25.1995 | 25.3314 | 25.4848 | 25.6167 | 25.7701 |
| Camarilla | 25.2743 | 25.3005 | 25.3267 | 25.3528 | 25.3790 | 25.4051 | 25.4313 |
| Woodie | 24.9249 | 25.0515 | 25.2102 | 25.3368 | 25.4955 | 25.6221 | 25.7808 |
| Fibonacci | 25.0461 | 25.1551 | 25.2225 | 25.3314 | 25.4404 | 25.5078 | 25.6167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.2638 | 24.1257 | 24.7104 | 25.5723 | 26.1570 | 27.0189 | 27.6036 |
| Camarilla | 24.8974 | 25.0300 | 25.1626 | 25.2952 | 25.4278 | 25.5604 | 25.6930 |
| Woodie | 23.1253 | 24.0564 | 24.5719 | 25.5030 | 26.0185 | 26.9496 | 27.4651 |
| Fibonacci | 24.1257 | 24.6783 | 25.0197 | 25.5723 | 26.1249 | 26.4663 | 27.0189 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.9855 | 24.5453 | 25.4355 | 25.9953 | 26.8855 | 27.4453 | 28.3355 |
| Camarilla | 25.9270 | 26.0599 | 26.1928 | 26.3257 | 26.4586 | 26.5915 | 26.7245 |
| Woodie | 24.1507 | 24.6279 | 25.6007 | 26.0779 | 27.0507 | 27.5279 | 28.5007 |
| Fibonacci | 24.5453 | 25.0992 | 25.4414 | 25.9953 | 26.5492 | 26.8914 | 27.4453 |
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): | 69.51 | |
| MACD (12,26,9): | 0.0386 | |
| Directional Movement: | 15.8875 | |
| AROON (14): | 57.1428 | |
| DEMA (21): | 25.4348 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.3443 | |
| Elder Ray (13): | 0.0721 | |
| Super Trend (3,10): | 25.3211 | |
| Zig ZAG (10): | 25.4709 | |
| VORTEX (21): | 1.1193 | |
| Stochastique (14,3,5): | 91.28 | |
| TEMA (21): | 25.4566 | |
| Williams %R (14): | -9.82 | |
| Chande Momentum Oscillator (20): | 0.1706 | |
| Repulse (5,40,3): | 0.1231 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0132 | |
| Courbe Coppock: | 0.87 |
| MA7: | 25.5119 | |
| MA20: | 25.6989 | |
| MA50: | 25.3862 | |
| MA100: | 24.1966 | |
| MAexp7: | 25.4412 | |
| MAexp20: | 25.3910 | |
| MAexp50: | 25.3580 | |
| MAexp100: | 25.4149 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | +0.34% | |
| Price / MA100: | +5.27% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.32% | |
| Price / MAexp50: | +0.45% | |
| Price / MAexp100: | +0.23% |
Quotes :
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Real time data
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Forex