CAD/MXN - 1H - Technical analysis published on 06/10/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
17%
33%
50%
My opinion
Bullish above 16.238 MXN
My targets
16.329 MXN (+0.057)
16.527 MXN (+0.255)
My analysis
The basic bullish trend is very strong on CAD/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 16.238 MXN. Crossing the first resistance at 16.329 MXN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 16.527 MXN as an objective. Crossing it would then enable buyers to target 16.642 MXN. Caution, a return to below 16.238 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 not called into question, despite technical indicators being indecisive.
FORCE
0
10
4.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/MXN rating is 16.272 MXN. The price registered a decrease of -0.23% on the session and was traded between 16.219 MXN and 16.316 MXN over the period. The price is currently at +0.33% from its lowest and -0.27% from its highest.16.219
16.316
16.272
Here is a more detailed summary of the historical variations registered by CAD/MXN:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
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 | 16.025 | 16.165 | 16.238 | 16.272 | 16.329 | 16.642 | 17.306 |
Change (%) | -1.52% | -0.66% | -0.21% | - | +0.35% | +2.27% | +6.35% |
Change | -0.247 | -0.107 | -0.034 | - | +0.057 | +0.370 | +1.034 |
Level | Intermediate | Minor | Intermediate | - | Intermediate | 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 |
---|---|---|---|---|---|---|---|
Standard | 15.830 | 15.942 | 16.126 | 16.238 | 16.422 | 16.534 | 16.718 |
Camarilla | 16.228 | 16.255 | 16.282 | 16.309 | 16.336 | 16.363 | 16.390 |
Woodie | 15.865 | 15.960 | 16.161 | 16.256 | 16.457 | 16.552 | 16.753 |
Fibonacci | 15.942 | 16.055 | 16.125 | 16.238 | 16.351 | 16.421 | 16.534 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.445 | 15.673 | 15.872 | 16.100 | 16.299 | 16.527 | 16.726 |
Camarilla | 15.953 | 15.992 | 16.031 | 16.070 | 16.109 | 16.148 | 16.187 |
Woodie | 15.430 | 15.666 | 15.857 | 16.093 | 16.284 | 16.520 | 16.711 |
Fibonacci | 15.673 | 15.836 | 15.937 | 16.100 | 16.263 | 16.364 | 16.527 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.751 | 14.833 | 15.469 | 16.551 | 17.187 | 18.269 | 18.905 |
Camarilla | 15.632 | 15.789 | 15.947 | 16.104 | 16.262 | 16.419 | 16.576 |
Woodie | 13.527 | 14.722 | 15.245 | 16.440 | 16.963 | 18.158 | 18.681 |
Fibonacci | 14.833 | 15.490 | 15.895 | 16.551 | 17.208 | 17.613 | 18.269 |
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): | 52.04 | |
MACD (12,26,9): | 0.0320 | |
Directional Movement: | 5.571 | |
AROON (14): | 35.714 | |
DEMA (21): | 16.299 | |
Parabolic SAR (0,02-0,02-0,2): | 16.222 | |
Elder Ray (13): | -0.013 | |
Super Trend (3,10): | 16.159 | |
Zig ZAG (10): | 16.256 | |
VORTEX (21): | 1.0780 | |
Stochastique (14,3,5): | 57.73 | |
TEMA (21): | 16.303 | |
Williams %R (14): | -72.99 | |
Chande Momentum Oscillator (20): | -0.079 | |
Repulse (5,40,3): | -0.2330 | |
ROCnROLL: | -1 | |
TRIX (15,9): | 0.0360 | |
Courbe Coppock: | 0.64 |
MA7: | 16.157 | |
MA20: | 16.369 | |
MA50: | 16.870 | |
MA100: | 15.956 | |
MAexp7: | 16.262 | |
MAexp20: | 16.253 | |
MAexp50: | 16.200 | |
MAexp100: | 16.168 | |
Price / MA7: | +0.71% | |
Price / MA20: | -0.59% | |
Price / MA50: | -3.54% | |
Price / MA100: | +1.98% | |
Price / MAexp7: | +0.07% | |
Price / MAexp20: | +0.12% | |
Price / MAexp50: | +0.45% | |
Price / MAexp100: | +0.65% |
Quotes :
2020-06-10 06:39:32
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Real time data
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Forex
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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