CAD/MXN - 1H - Technical analysis published on 09/09/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 16.517 MXN
My targets
16.410 MXN (-0.066)
16.329 MXN (-0.147)
My analysis
There is a bearish trend on CAD/MXN both at the basic level and in the short term. A sale could be considered, so long as the price remains below 16.517 MXN. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 16.410 MXN. Then the price could move towards 16.329 MXN. Then 16.070 MXN by extension. Be careful, a return to above the resistance 16.517 MXN would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.3
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:
Additional analysis
Quotes
The CAD/MXN rating is 16.476 MXN. The price is lower by -0.27% since the last closing with the lowest point at 16.470 MXN and the highest point at 16.573 MXN. The deviation from the price is +0.04% for the low point and -0.59% for the high point.16.470
16.573
16.476
Here is a more detailed summary of the historical variations registered by CAD/MXN:
Technical
A technical analysis in 1H of this CAD/MXN chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 9 are bullish, 5 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.070 | 16.410 | 16.465 | 16.476 | 16.517 | 16.642 | 16.738 |
| Change (%) | -2.46% | -0.40% | -0.07% | - | +0.25% | +1.01% | +1.59% |
| Change | -0.406 | -0.066 | -0.011 | - | +0.041 | +0.166 | +0.262 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.213 | 16.312 | 16.416 | 16.515 | 16.619 | 16.718 | 16.822 |
| Camarilla | 16.465 | 16.484 | 16.502 | 16.521 | 16.540 | 16.558 | 16.577 |
| Woodie | 16.217 | 16.313 | 16.420 | 16.516 | 16.623 | 16.719 | 16.826 |
| Fibonacci | 16.312 | 16.389 | 16.437 | 16.515 | 16.592 | 16.640 | 16.718 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.883 | 16.141 | 16.329 | 16.587 | 16.775 | 17.033 | 17.221 |
| Camarilla | 16.393 | 16.434 | 16.475 | 16.516 | 16.557 | 16.598 | 16.639 |
| Woodie | 15.847 | 16.124 | 16.293 | 16.570 | 16.739 | 17.016 | 17.185 |
| Fibonacci | 16.141 | 16.312 | 16.417 | 16.587 | 16.758 | 16.863 | 17.033 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.946 | 16.242 | 16.525 | 16.821 | 17.104 | 17.400 | 17.683 |
| Camarilla | 16.650 | 16.703 | 16.756 | 16.809 | 16.862 | 16.915 | 16.968 |
| Woodie | 15.941 | 16.239 | 16.520 | 16.818 | 17.099 | 17.397 | 17.678 |
| Fibonacci | 16.242 | 16.463 | 16.600 | 16.821 | 17.042 | 17.179 | 17.400 |
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): | 51.55 | |
| MACD (12,26,9): | 0.0090 | |
| Directional Movement: | 2.111 | |
| AROON (14): | 71.428 | |
| DEMA (21): | 16.519 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.474 | |
| Elder Ray (13): | -0.009 | |
| Super Trend (3,10): | 16.456 | |
| Zig ZAG (10): | 16.501 | |
| VORTEX (21): | 0.9650 | |
| Stochastique (14,3,5): | 62.74 | |
| TEMA (21): | 16.526 | |
| Williams %R (14): | -38.13 | |
| Chande Momentum Oscillator (20): | 0.056 | |
| Repulse (5,40,3): | -0.0770 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0040 | |
| Courbe Coppock: | 0.62 |
| MA7: | 16.553 | |
| MA20: | 16.665 | |
| MA50: | 16.659 | |
| MA100: | 16.696 | |
| MAexp7: | 16.513 | |
| MAexp20: | 16.511 | |
| MAexp50: | 16.508 | |
| MAexp100: | 16.530 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -1.13% | |
| Price / MA50: | -1.10% | |
| Price / MA100: | -1.32% | |
| Price / MAexp7: | -0.23% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.20% | |
| Price / MAexp100: | -0.33% |
Quotes :
2020-09-09 07:45:15
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Real time data
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Forex
News
The latest news and videos published on CAD/MXN at the time of the analysis were 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.
About author
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