Londinia Opportunities Analyses - 11/27/2024 (GMT) JPY/MXN - 1H
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 0.13526 MXN
My targets
0.13724 MXN (+0.00131)
0.13806 MXN (+0.00213)
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 0.13526 MXN. The next resistance located at 0.13724 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 0.13806 MXN. After this resistance, buyers could then target 0.14130 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.
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
8.8
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Additional analysis
Quotes
JPY/MXN rating 0.13593 MXN. The price registered an increase of +0.59% on the session and was between 0.13506 MXN and 0.13594 MXN. This implies that the price is at +0.64% from its lowest and at -0.01% from its highest.0.13506
0.13594
0.13593
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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. 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.
The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.13452 | 0.13526 | 0.13586 | 0.13593 | 0.13806 | 0.14130 | 0.15608 |
| Change (%) | -1.04% | -0.49% | -0.05% | - | +1.57% | +3.95% | +14.82% |
| Change | -0.00141 | -0.00067 | -0.00007 | - | +0.00213 | +0.00537 | +0.02015 |
| Level | Minor | Minor | Intermediate | - | Major | Intermediate | Minor |
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 | 0.13071 | 0.13189 | 0.13351 | 0.13469 | 0.13631 | 0.13749 | 0.13911 |
| Camarilla | 0.13437 | 0.13463 | 0.13488 | 0.13514 | 0.13540 | 0.13565 | 0.13591 |
| Woodie | 0.13094 | 0.13200 | 0.13374 | 0.13480 | 0.13654 | 0.13760 | 0.13934 |
| Fibonacci | 0.13189 | 0.13296 | 0.13362 | 0.13469 | 0.13576 | 0.13642 | 0.13749 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.12617 | 0.12769 | 0.12986 | 0.13138 | 0.13355 | 0.13507 | 0.13724 |
| Camarilla | 0.13103 | 0.13136 | 0.13170 | 0.13204 | 0.13238 | 0.13272 | 0.13306 |
| Woodie | 0.12651 | 0.12785 | 0.13020 | 0.13154 | 0.13389 | 0.13523 | 0.13758 |
| Fibonacci | 0.12769 | 0.12910 | 0.12997 | 0.13138 | 0.13279 | 0.13366 | 0.13507 |
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): | 68.98 | |
| MACD (12,26,9): | 0.0007 | |
| Directional Movement: | 22.85447 | |
| AROON (14): | 100.00000 | |
| DEMA (21): | 0.13574 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.13512 | |
| Elder Ray (13): | 0.00060 | |
| Super Trend (3,10): | 0.13448 | |
| Zig ZAG (10): | 0.13591 | |
| VORTEX (21): | 1.2189 | |
| Stochastique (14,3,5): | 92.71 | |
| TEMA (21): | 0.13592 | |
| Williams %R (14): | -0.53 | |
| Chande Momentum Oscillator (20): | 0.00086 | |
| Repulse (5,40,3): | 0.4018 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0695 | |
| Courbe Coppock: | 2.07 |
| MA7: | 0.13280 | |
| MA20: | 0.13213 | |
| MA50: | 0.13243 | |
| MA100: | 0.13047 | |
| MAexp7: | 0.13553 | |
| MAexp20: | 0.13487 | |
| MAexp50: | 0.13385 | |
| MAexp100: | 0.13302 | |
| Price / MA7: | +2.36% | |
| Price / MA20: | +2.88% | |
| Price / MA50: | +2.64% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.79% | |
| Price / MAexp50: | +1.55% | |
| Price / MAexp100: | +2.19% |
Quotes :
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Real time data
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Forex