Londinia Opportunities Analyses - 12/20/2024 (GMT) EUR/MXN - 1H
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 21.0805 MXN
My targets
21.0266 MXN (-0.0276)
20.7233 MXN (-0.3309)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on EUR/MXN as long as the price remains well below 21.0805 MXN. The sellers' bearish objective is set at 21.0266 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 20.7233 MXN. In case of crossing, the next objective would be the support located at 20.0326 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.2
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Additional analysis
Quotes
The EUR/MXN rating is 21.0542 MXN. On the day, this instrument lost -0.17% with the lowest point at 21.0433 MXN and the highest point at 21.1094 MXN. The deviation from the price is +0.05% for the low point and -0.26% for the high point.21.0433
21.1094
21.0542
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/MXN indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish 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.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 18.9704 | 20.0326 | 21.0266 | 21.0542 | 21.0805 | 21.2065 | 21.3101 |
| Change (%) | -9.90% | -4.85% | -0.13% | - | +0.12% | +0.72% | +1.22% |
| Change | -2.0838 | -1.0216 | -0.0276 | - | +0.0263 | +0.1523 | +0.2559 |
| Level | Major | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.7139 | 20.8703 | 20.9803 | 21.1367 | 21.2467 | 21.4031 | 21.5131 |
| Camarilla | 21.0171 | 21.0416 | 21.0660 | 21.0904 | 21.1148 | 21.1392 | 21.1637 |
| Woodie | 20.6908 | 20.8587 | 20.9572 | 21.1251 | 21.2236 | 21.3915 | 21.4900 |
| Fibonacci | 20.8703 | 20.9720 | 21.0349 | 21.1367 | 21.2384 | 21.3013 | 21.4031 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.7233 | 20.9054 | 21.0207 | 21.2028 | 21.3181 | 21.5002 | 21.6155 |
| Camarilla | 21.0542 | 21.0815 | 21.1087 | 21.1360 | 21.1633 | 21.1905 | 21.2178 |
| Woodie | 20.6899 | 20.8887 | 20.9873 | 21.1861 | 21.2847 | 21.4835 | 21.5821 |
| Fibonacci | 20.9054 | 21.0190 | 21.0892 | 21.2028 | 21.3164 | 21.3866 | 21.5002 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.8803 | 20.5362 | 21.0422 | 21.6981 | 22.2041 | 22.8600 | 23.3660 |
| Camarilla | 21.2288 | 21.3353 | 21.4418 | 21.5483 | 21.6548 | 21.7613 | 21.8678 |
| Woodie | 19.8055 | 20.4987 | 20.9674 | 21.6606 | 22.1293 | 22.8225 | 23.2912 |
| Fibonacci | 20.5362 | 20.9800 | 21.2542 | 21.6981 | 22.1419 | 22.4161 | 22.8600 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.44 | |
| MACD (12,26,9): | -0.0263 | |
| Directional Movement: | -4.0304 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 21.0760 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.1785 | |
| Elder Ray (13): | -0.0388 | |
| Super Trend (3,10): | 21.2043 | |
| Zig ZAG (10): | 21.0478 | |
| VORTEX (21): | 0.9218 | |
| Stochastique (14,3,5): | 14.63 | |
| TEMA (21): | 21.0575 | |
| Williams %R (14): | -90.39 | |
| Chande Momentum Oscillator (20): | -0.0975 | |
| Repulse (5,40,3): | -0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0125 | |
| Courbe Coppock: | 1.11 |
| MA7: | 21.1288 | |
| MA20: | 21.3316 | |
| MA50: | 21.4838 | |
| MA100: | 21.4718 | |
| MAexp7: | 21.0760 | |
| MAexp20: | 21.1080 | |
| MAexp50: | 21.1350 | |
| MAexp100: | 21.1537 | |
| Price / MA7: | -0.35% | |
| Price / MA20: | -1.30% | |
| Price / MA50: | -2.00% | |
| Price / MA100: | -1.94% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.38% | |
| Price / MAexp100: | -0.47% |
Quotes :
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Real time data
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Forex