CAD/MXN
CAD MXN
- MXN (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CADMXN
ISIN:

CAD/MXN - 1H - Technical analysis published on 04/17/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
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Summary of the analysis

Trends
Court terme: Neutral
De fond: Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 17.016 MXN
My targets
17.165 MXN (+0.124)
17.300 MXN (+0.259)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CAD/MXN. As long as you are above the support located at 17.016 MXN, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 17.165 MXN would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 17.300 MXN as an objective. Crossing it would then enable buyers to target 17.594 MXN. If the support 17.016 MXN were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

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
0
10
4.8

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/MXN price is 17.041 MXN. On the day, this instrument gained +0.65% and was between 16.895 MXN and 17.126 MXN. This implies that the price is at +0.86% from its lowest and at -0.50% from its highest.

16.895
17.126
17.041

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is bullish. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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


S3S2S1PriceR1R2R3
ProTrendLines 16.823 16.924 17.016 17.041 17.165 17.300 17.594
Change (%) -1.28% -0.69% -0.15% - +0.73% +1.52% +3.25%
Change -0.218 -0.117 -0.025 - +0.124 +0.259 +0.553
Level Intermediate Minor Intermediate - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.38916.64516.78817.04417.18717.44317.586
Camarilla16.82116.85816.89416.93116.96817.00417.041
Woodie16.33316.61716.73217.01617.13117.41517.530
Fibonacci16.64516.79716.89217.04417.19617.29117.443


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.76615.74016.23617.21017.70618.68019.176
Camarilla16.32916.46416.59816.73316.86817.00317.137
Woodie14.52815.62115.99817.09117.46818.56118.938
Fibonacci15.74016.30116.64817.21017.77118.11818.680


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.76713.06914.97516.27718.18319.48521.391
Camarilla16.00016.29416.58816.88217.17617.47017.764
Woodie12.07013.22015.27816.42818.48619.63621.694
Fibonacci13.06914.29415.05116.27717.50218.25919.485

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): 50.99
MACD (12,26,9): -0.0130
Directional Movement: 2.562
AROON (14): 14.286
DEMA (21): 17.012
Parabolic SAR (0,02-0,02-0,2): 16.913
Elder Ray (13): 0.019
Super Trend (3,10): 17.112
Zig ZAG (10): 17.060
VORTEX (21): 0.9430
Stochastique (14,3,5): 66.57
TEMA (21): 17.004
Williams %R (14): -32.47
Chande Momentum Oscillator (20): 0.110
Repulse (5,40,3): 0.1020
ROCnROLL: 1
TRIX (15,9): -0.0240
Courbe Coppock: 0.28
MA7: 16.952
MA20: 17.045
MA50: 15.746
MA100: 15.074
MAexp7: 17.030
MAexp20: 17.031
MAexp50: 17.041
MAexp100: 17.031
Price / MA7: +0.53%
Price / MA20: -0.02%
Price / MA50: +8.22%
Price / MA100: +13.05%
Price / MAexp7: +0.06%
Price / MAexp20: +0.06%
Price / MAexp50: -0%
Price / MAexp100: +0.06%

News


The last news published on CAD/MXN at the time of the generation of this analysis was as follows:

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

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