CAD/MXN - 1H - Technical analysis published on 06/30/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 16.898 MXN
My targets
17.122 MXN (+0.176)
17.306 MXN (+0.360)
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 16.898 MXN. The buyers” bullish objective is set at 17.122 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 17.306 MXN. If there is any crossing, the next objective would be the resistance located at 17.715 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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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 16.946 MXN. The price has increased by +0.37% since the last closing with the lowest point at 16.858 MXN and the highest point at 16.979 MXN. The deviation from the price is +0.52% for the low point and -0.19% for the high point.16.858
16.979
16.946
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of CAD/MXN in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel 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 | 16.715 | 16.849 | 16.898 | 16.946 | 16.951 | 17.306 | 17.715 |
| Change (%) | -1.36% | -0.57% | -0.28% | - | +0.03% | +2.12% | +4.54% |
| Change | -0.231 | -0.097 | -0.048 | - | +0.005 | +0.360 | +0.769 |
| Level | Minor | Minor | Minor | - | Major | Minor | Major |
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 | 16.650 | 16.723 | 16.804 | 16.877 | 16.958 | 17.031 | 17.112 |
| Camarilla | 16.842 | 16.856 | 16.870 | 16.884 | 16.898 | 16.912 | 16.926 |
| Woodie | 16.653 | 16.725 | 16.807 | 16.879 | 16.961 | 17.033 | 17.115 |
| Fibonacci | 16.723 | 16.782 | 16.819 | 16.877 | 16.936 | 16.973 | 17.031 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.190 | 16.326 | 16.588 | 16.724 | 16.986 | 17.122 | 17.384 |
| Camarilla | 16.740 | 16.776 | 16.813 | 16.849 | 16.886 | 16.922 | 16.959 |
| Woodie | 16.252 | 16.358 | 16.650 | 16.756 | 17.048 | 17.154 | 17.446 |
| Fibonacci | 16.326 | 16.478 | 16.572 | 16.724 | 16.876 | 16.970 | 17.122 |
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): | 59.57 | |
| MACD (12,26,9): | 0.0240 | |
| Directional Movement: | 10.320 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 16.940 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.885 | |
| Elder Ray (13): | 0.033 | |
| Super Trend (3,10): | 16.843 | |
| Zig ZAG (10): | 16.953 | |
| VORTEX (21): | 1.1180 | |
| Stochastique (14,3,5): | 85.12 | |
| TEMA (21): | 16.951 | |
| Williams %R (14): | -19.01 | |
| Chande Momentum Oscillator (20): | 0.085 | |
| Repulse (5,40,3): | 0.0460 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0170 | |
| Courbe Coppock: | 0.70 |
| MA7: | 16.737 | |
| MA20: | 16.502 | |
| MA50: | 16.743 | |
| MA100: | 16.304 | |
| MAexp7: | 16.940 | |
| MAexp20: | 16.910 | |
| MAexp50: | 16.860 | |
| MAexp100: | 16.792 | |
| Price / MA7: | +1.25% | |
| Price / MA20: | +2.69% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +3.94% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +0.52% | |
| Price / MAexp100: | +0.92% |
Quotes :
2020-06-30 16:20:30
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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:
FX Closing Bell April 25, Trump’s Tough Tariff Talk Awakens CAD & MXN BearsThis member declared not having a position on this financial instrument or a related financial instrument.
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