Londinia Opportunities Analyses - 11/01/2024 (GMT) JPY/MXN - 1H

- MXN (-)
- Real time data - Forex
Type: Forex
Ticker: JPYMXN
ISIN:

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 0.13155 MXN
My targets
0.13267 MXN (+0.00067)
0.13313 MXN (+0.00113)
My analysis
JPY/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.13155 MXN. The next resistance located at 0.13267 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.13313 MXN. After this resistance, buyers could then target 0.13389 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8

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.

Additional analysis

Quotes

The JPY/MXN rating is 0.13200 MXN. The price registered an increase of +0.04% on the session with the lowest point at 0.13188 MXN and the highest point at 0.13211 MXN. The deviation from the price is +0.09% for the low point and -0.08% for the high point.

0.13188
0.13211
0.13200

Here is a more detailed summary of the historical variations registered by JPY/MXN:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this JPY/MXN chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour


Near resistance of triangle

Type : Bearish

Timeframe : 1 hour



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

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.13114 0.13155 0.13197 0.13200 0.13267 0.13313 0.13389
Change (%) -0.65% -0.34% -0.02% - +0.51% +0.86% +1.43%
Change -0.00086 -0.00045 -0.00003 - +0.00067 +0.00113 +0.00189
Level Minor Minor Major - Minor 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
Standard0.129450.130200.131080.131830.132710.133460.13434
Camarilla0.131500.131650.131800.131950.132100.132250.13240
Woodie0.129510.130230.131140.131860.132770.133490.13440
Fibonacci0.130200.130830.131210.131830.132460.132840.13346


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.125160.127440.129330.131610.133500.135780.13767
Camarilla0.130070.130460.130840.131220.131600.131990.13237
Woodie0.124970.127340.129140.131510.133310.135680.13748
Fibonacci0.127440.129030.130020.131610.133200.134190.13578


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.117610.123060.127500.132950.137390.142840.14728
Camarilla0.129230.130140.131040.131950.132860.133760.13467
Woodie0.117120.122810.127010.132700.136900.142590.14679
Fibonacci0.123060.126840.129170.132950.136730.139060.14284

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): 61.24
MACD (12,26,9): 0.0001
Directional Movement: 8.27670
AROON (14): -21.42857
DEMA (21): 0.13184
Parabolic SAR (0,02-0,02-0,2): 0.13098
Elder Ray (13): 0.00026
Super Trend (3,10): 0.13115
Zig ZAG (10): 0.13206
VORTEX (21): 1.0450
Stochastique (14,3,5): 80.06
TEMA (21): 0.13181
Williams %R (14): -4.35
Chande Momentum Oscillator (20): 0.00079
Repulse (5,40,3): 0.2115
ROCnROLL: 1
TRIX (15,9): 0.0067
Courbe Coppock: 0.09
MA7: 0.13130
MA20: 0.13126
MA50: 0.13424
MA100: 0.12714
MAexp7: 0.13183
MAexp20: 0.13172
MAexp50: 0.13151
MAexp100: 0.13131
Price / MA7: +0.53%
Price / MA20: +0.56%
Price / MA50: -1.67%
Price / MA100: +3.82%
Price / MAexp7: +0.13%
Price / MAexp20: +0.21%
Price / MAexp50: +0.37%
Price / MAexp100: +0.53%

Quotes : - Real time data - Forex