Londinia Opportunities Analyses - 11/01/2024 (GMT) JPY/MXN - 1H
- 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
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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:
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:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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:
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:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12945 | 0.13020 | 0.13108 | 0.13183 | 0.13271 | 0.13346 | 0.13434 |
| Camarilla | 0.13150 | 0.13165 | 0.13180 | 0.13195 | 0.13210 | 0.13225 | 0.13240 |
| Woodie | 0.12951 | 0.13023 | 0.13114 | 0.13186 | 0.13277 | 0.13349 | 0.13440 |
| Fibonacci | 0.13020 | 0.13083 | 0.13121 | 0.13183 | 0.13246 | 0.13284 | 0.13346 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12516 | 0.12744 | 0.12933 | 0.13161 | 0.13350 | 0.13578 | 0.13767 |
| Camarilla | 0.13007 | 0.13046 | 0.13084 | 0.13122 | 0.13160 | 0.13199 | 0.13237 |
| Woodie | 0.12497 | 0.12734 | 0.12914 | 0.13151 | 0.13331 | 0.13568 | 0.13748 |
| Fibonacci | 0.12744 | 0.12903 | 0.13002 | 0.13161 | 0.13320 | 0.13419 | 0.13578 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11761 | 0.12306 | 0.12750 | 0.13295 | 0.13739 | 0.14284 | 0.14728 |
| Camarilla | 0.12923 | 0.13014 | 0.13104 | 0.13195 | 0.13286 | 0.13376 | 0.13467 |
| Woodie | 0.11712 | 0.12281 | 0.12701 | 0.13270 | 0.13690 | 0.14259 | 0.14679 |
| Fibonacci | 0.12306 | 0.12684 | 0.12917 | 0.13295 | 0.13673 | 0.13906 | 0.14284 |
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 :
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Real time data
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Forex