Londinia Opportunities Analyses - 11/19/2024 (GMT) JPY/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 bearish
Underlying:
Strongly bearish
Technical indicators
6%
67%
28%
My opinion
Bearish under 0.13051 MXN
My targets
0.12924 MXN (-0.00082)
0.12872 MXN (-0.00134)
My analysis
JPY/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.13051 MXN. The next support located at 0.12924 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.12872 MXN. Below this support, sellers could then target 0.12294 MXN. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8
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Additional analysis
Quotes
The JPY/MXN rating is 0.13006 MXN. The price is lower by -0.52% since the last closing with the lowest point at 0.12997 MXN and the highest point at 0.13247 MXN. The deviation from the price is +0.07% for the low point and -1.82% for the high point.0.12997
0.13247
0.13006
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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
Technical analysis of this 1H chart of JPY/MXN indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.12294 | 0.12872 | 0.12924 | 0.13006 | 0.13051 | 0.13097 | 0.13240 |
| Change (%) | -5.47% | -1.03% | -0.63% | - | +0.35% | +0.70% | +1.80% |
| Change | -0.00712 | -0.00134 | -0.00082 | - | +0.00045 | +0.00091 | +0.00234 |
| Level | Intermediate | Minor | Minor | - | Major | Major | 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 | 0.12855 | 0.12958 | 0.13016 | 0.13119 | 0.13177 | 0.13280 | 0.13338 |
| Camarilla | 0.13030 | 0.13045 | 0.13059 | 0.13074 | 0.13089 | 0.13104 | 0.13118 |
| Woodie | 0.12833 | 0.12947 | 0.12994 | 0.13108 | 0.13155 | 0.13269 | 0.13316 |
| Fibonacci | 0.12958 | 0.13020 | 0.13058 | 0.13119 | 0.13181 | 0.13219 | 0.13280 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12707 | 0.12879 | 0.13034 | 0.13206 | 0.13361 | 0.13533 | 0.13688 |
| Camarilla | 0.13099 | 0.13129 | 0.13159 | 0.13189 | 0.13219 | 0.13249 | 0.13279 |
| Woodie | 0.12699 | 0.12875 | 0.13026 | 0.13202 | 0.13353 | 0.13529 | 0.13680 |
| Fibonacci | 0.12879 | 0.13004 | 0.13081 | 0.13206 | 0.13331 | 0.13408 | 0.13533 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 38.00 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | -5.19410 | |
| AROON (14): | -57.14285 | |
| DEMA (21): | 0.13096 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.13222 | |
| Elder Ray (13): | -0.00077 | |
| Super Trend (3,10): | 0.13194 | |
| Zig ZAG (10): | 0.13019 | |
| VORTEX (21): | 0.9491 | |
| Stochastique (14,3,5): | 5.52 | |
| TEMA (21): | 0.13087 | |
| Williams %R (14): | -90.73 | |
| Chande Momentum Oscillator (20): | -0.00063 | |
| Repulse (5,40,3): | -0.6906 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0009 | |
| Courbe Coppock: | 0.04 |
| MA7: | 0.13164 | |
| MA20: | 0.13141 | |
| MA50: | 0.13283 | |
| MA100: | 0.12918 | |
| MAexp7: | 0.13082 | |
| MAexp20: | 0.13110 | |
| MAexp50: | 0.13127 | |
| MAexp100: | 0.13147 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | -1.03% | |
| Price / MA50: | -2.09% | |
| Price / MA100: | +0.68% | |
| Price / MAexp7: | -0.58% | |
| Price / MAexp20: | -0.79% | |
| Price / MAexp50: | -0.92% | |
| Price / MAexp100: | -1.07% |
Quotes :
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Real time data
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Forex