CAD/MXN

- MXN (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADMXN
ISIN:

CAD/MXN - 1H - Technical analysis published on 03/28/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

11%

My opinion

Bullish above 12.212 MXN

My targets

12.316 MXN (+0.043)

12.421 MXN (+0.148)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/MXN as long as the price remains well above 12.212 MXN. The buyers' bullish objective is set at 12.316 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.421 MXN. If there is any crossing, the next objective would be the resistance located at 12.491 MXN.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAD/MXN rating is 12.273 MXN. The price has increased by +0.66% since the last closing and was traded between 12.181 MXN and 12.294 MXN over the period. The price is currently at +0.76% from its lowest and -0.17% from its highest.

12.181

12.294

12.273

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAD/MXN:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11.700	12.149	12.212	12.273	12.316	12.421	12.491
Change (%)	-4.67%	-1.01%	-0.50%	-	+0.35%	+1.21%	+1.78%
Change	-0.573	-0.124	-0.061	-	+0.043	+0.148	+0.218
Level	Major	Intermediate	Minor	-	Intermediate	Minor	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	12.024	12.086	12.140	12.202	12.256	12.318	12.372
Camarilla	12.161	12.172	12.182	12.193	12.204	12.214	12.225
Woodie	12.019	12.084	12.135	12.200	12.251	12.316	12.367
Fibonacci	12.086	12.131	12.158	12.202	12.247	12.274	12.318

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.033	12.161	12.235	12.363	12.437	12.565	12.639
Camarilla	12.254	12.272	12.291	12.309	12.328	12.346	12.365
Woodie	12.006	12.148	12.208	12.350	12.410	12.552	12.612
Fibonacci	12.161	12.238	12.286	12.363	12.440	12.488	12.565

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.178	12.366	12.466	12.654	12.754	12.942	13.042
Camarilla	12.487	12.513	12.540	12.566	12.592	12.619	12.645
Woodie	12.134	12.344	12.422	12.632	12.710	12.920	12.998
Fibonacci	12.366	12.476	12.544	12.654	12.764	12.832	12.942

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):	68.37
MACD (12,26,9):	0.0180
Directional Movement:	22.122
AROON (14):	78.571
DEMA (21):	12.259
Parabolic SAR (0,02-0,02-0,2):	12.259
Elder Ray (13):	0.032
Super Trend (3,10):	12.223
Zig ZAG (10):	12.277
VORTEX (21):	1.2230
Stochastique (14,3,5):	84.49
TEMA (21):	12.281
Williams %R (14):	-16.81
Chande Momentum Oscillator (20):	0.084
Repulse (5,40,3):	-0.0050
ROCnROLL:	1
TRIX (15,9):	0.0110
Courbe Coppock:	1.27

MA7:	12.296
MA20:	12.395
MA50:	12.576
MA100:	12.649
MAexp7:	12.266
MAexp20:	12.240
MAexp50:	12.236
MAexp100:	12.260
Price / MA7:	-0.19%
Price / MA20:	-0.98%
Price / MA50:	-2.41%
Price / MA100:	-2.97%
Price / MAexp7:	+0.06%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.30%
Price / MAexp100:	+0.11%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on CAD/MXN. At the time of publication of this analysis, the latest news was as follows:

FX Closing Bell April 25, Trump’s Tough Tariff Talk Awakens CAD & MXN Bears

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia AI

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