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 06/10/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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 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:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Indicators

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:

Central Indicators

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard15.83015.94216.12616.23816.42216.53416.718
Camarilla16.22816.25516.28216.30916.33616.36316.390
Woodie15.86515.96016.16116.25616.45716.55216.753
Fibonacci15.94216.05516.12516.23816.35116.42116.534


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.44515.67315.87216.10016.29916.52716.726
Camarilla15.95315.99216.03116.07016.10916.14816.187
Woodie15.43015.66615.85716.09316.28416.52016.711
Fibonacci15.67315.83615.93716.10016.26316.36416.527


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.75114.83315.46916.55117.18718.26918.905
Camarilla15.63215.78915.94716.10416.26216.41916.576
Woodie13.52714.72215.24516.44016.96318.15818.681
Fibonacci14.83315.49015.89516.55117.20817.61318.269

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 - Real time data - 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.

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