Londinia Opportunities Analyses - 03/21/2025 (GMT) EUR/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:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
17%
17%
My opinion
Bullish above 21.8000 MXN
My targets
21.9448 MXN (+0.0799)
22.1495 MXN (+0.2846)
My analysis
The basic bullish trend is very strong on EUR/MXN but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 21.8000 MXN. Crossing the first resistance at 21.9448 MXN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 22.1495 MXN as an objective. Crossing it would then enable buyers to target 22.2566 MXN. Caution, a return to below 21.8000 MXN would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
7
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Additional analysis
Quotes
EUR/MXN rating 21.8649 MXN. The price has increased by +0.01% since the last closing and was between 21.8156 MXN and 21.8894 MXN. This implies that the price is at +0.23% from its lowest and at -0.11% from its highest.21.8156
21.8894
21.8649
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of EUR/MXN indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point (Daily)
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 21.6708 | 21.8000 | 21.8625 | 21.8649 | 21.9448 | 22.1495 | 22.2566 |
| Change (%) | -0.89% | -0.30% | -0.01% | - | +0.37% | +1.30% | +1.79% |
| Change | -0.1941 | -0.0649 | -0.0024 | - | +0.0799 | +0.2846 | +0.3917 |
| Level | Major | Major | Minor | - | Intermediate | Major | Intermediate |
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 | 21.6452 | 21.7209 | 21.7923 | 21.8680 | 21.9394 | 22.0151 | 22.0865 |
| Camarilla | 21.8232 | 21.8366 | 21.8501 | 21.8636 | 21.8771 | 21.8906 | 21.9041 |
| Woodie | 21.6430 | 21.7198 | 21.7901 | 21.8669 | 21.9372 | 22.0140 | 22.0843 |
| Fibonacci | 21.7209 | 21.7771 | 21.8118 | 21.8680 | 21.9242 | 21.9589 | 22.0151 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.7513 | 21.1675 | 21.4243 | 21.8405 | 22.0973 | 22.5135 | 22.7703 |
| Camarilla | 21.4960 | 21.5577 | 21.6194 | 21.6811 | 21.7428 | 21.8045 | 21.8662 |
| Woodie | 20.6716 | 21.1277 | 21.3446 | 21.8007 | 22.0176 | 22.4737 | 22.6906 |
| Fibonacci | 21.1675 | 21.4246 | 21.5834 | 21.8405 | 22.0976 | 22.2564 | 22.5135 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.1061 | 20.5312 | 20.9259 | 21.3510 | 21.7457 | 22.1708 | 22.5655 |
| Camarilla | 21.0952 | 21.1703 | 21.2455 | 21.3206 | 21.3958 | 21.4709 | 21.5461 |
| Woodie | 20.0909 | 20.5236 | 20.9107 | 21.3434 | 21.7305 | 22.1632 | 22.5503 |
| Fibonacci | 20.5312 | 20.8444 | 21.0378 | 21.3510 | 21.6642 | 21.8576 | 22.1708 |
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): | 55.13 | |
| MACD (12,26,9): | 0.0044 | |
| Directional Movement: | 8.8432 | |
| AROON (14): | -57.1429 | |
| DEMA (21): | 21.8626 | |
| Parabolic SAR (0,02-0,02-0,2): | 21.9047 | |
| Elder Ray (13): | 0.0107 | |
| Super Trend (3,10): | 21.7761 | |
| Zig ZAG (10): | 21.8694 | |
| VORTEX (21): | 1.0242 | |
| Stochastique (14,3,5): | 76.03 | |
| TEMA (21): | 21.8597 | |
| Williams %R (14): | -24.93 | |
| Chande Momentum Oscillator (20): | 0.0015 | |
| Repulse (5,40,3): | 0.0873 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0022 | |
| Courbe Coppock: | 0.00 |
| MA7: | 21.8071 | |
| MA20: | 21.7582 | |
| MA50: | 21.4943 | |
| MA100: | 21.4385 | |
| MAexp7: | 21.8614 | |
| MAexp20: | 21.8564 | |
| MAexp50: | 21.8436 | |
| MAexp100: | 21.8354 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | +1.72% | |
| Price / MA100: | +1.99% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.13% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on EUR/MXN at the time of the analysis were as follows:
EUR/MXN Forecast - Markets Wait for the ECB