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 05/05/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bearish
De fond: Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 17.217 MXN
My targets
17.049 MXN (-0.123)
16.684 MXN (-0.488)
My analysis
The bearish trend is currently very strong for CAD/MXN. As long as the price remains below the resistance at 17.217 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 17.049 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.684 MXN as an objective. Crossing it would then enable sellers to target 16.642 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
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

CAD/MXN rating 17.172 MXN. The price registered a decrease of +0.33% on the session and was traded between 17.064 MXN and 17.206 MXN over the period. The price is currently at +0.63% from its lowest and -0.20% from its highest.

17.064
17.206
17.172

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of CAD/MXN in 1H shows a overall strongly bearish trend. The signals given by moving averages are 89.29% 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.

In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.929 16.642 17.049 17.172 17.217 17.594 17.799
Change (%) -7.24% -3.09% -0.72% - +0.26% +2.46% +3.65%
Change -1.243 -0.530 -0.123 - +0.045 +0.422 +0.627
Level Minor Major Intermediate - Minor Major Minor



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.37416.72516.92017.27117.46617.81718.012
Camarilla16.96517.01517.06517.11517.16517.21517.265
Woodie16.29616.68616.84217.23217.38817.77817.934
Fibonacci16.72516.93417.06217.27117.48017.60817.817


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard16.31916.68417.06917.43417.81918.18418.569
Camarilla17.24817.31717.38517.45417.52317.59217.660
Woodie16.32916.68917.07917.43917.82918.18918.579
Fibonacci16.68416.97117.14817.43417.72117.89818.184


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.14315.91516.64017.41218.13718.90919.634
Camarilla16.95417.09217.22917.36617.50317.64017.778
Woodie15.12115.90316.61817.40018.11518.89719.612
Fibonacci15.91516.48716.84017.41217.98418.33718.909

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 41.35
MACD (12,26,9): -0.0790
Directional Movement: -8.655
AROON (14): -100.000
DEMA (21): 17.096
Parabolic SAR (0,02-0,02-0,2): 17.076
Elder Ray (13): -0.024
Super Trend (3,10): 17.241
Zig ZAG (10): 17.195
VORTEX (21): 0.6710
Stochastique (14,3,5): 32.74
TEMA (21): 17.059
Williams %R (14): -27.50
Chande Momentum Oscillator (20): 0.049
Repulse (5,40,3): 0.5040
ROCnROLL: -1
TRIX (15,9): -0.0740
Courbe Coppock: 1.21
MA7: 17.321
MA20: 17.185
MA50: 16.515
MA100: 15.407
MAexp7: 17.107
MAexp20: 17.196
MAexp50: 17.295
MAexp100: 17.338
Price / MA7: -0.86%
Price / MA20: -0.08%
Price / MA50: +3.98%
Price / MA100: +11.46%
Price / MAexp7: +0.38%
Price / MAexp20: -0.14%
Price / MAexp50: -0.71%
Price / MAexp100: -0.96%

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:

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

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