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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 09/29/2020 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 16.642 MXN
My targets
16.825 MXN (+0.101)
16.927 MXN (+0.203)
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 16.642 MXN. Crossing the first resistance at 16.825 MXN would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 16.927 MXN as an objective. Crossing it would then enable buyers to target 17.031 MXN. Caution, a return to below 16.642 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.

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
6.6

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.

Vincent Launay
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 16.724 MXN. The price is lower by -0.13% since the last closing and was traded between 16.591 MXN and 16.827 MXN over the period. The price is currently at +0.80% from its lowest and -0.61% from its highest.

16.591
16.827
16.724

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/MXN:

Technical


Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 16.070 16.274 16.642 16.724 16.825 16.927 17.031
Change (%) -3.91% -2.69% -0.49% - +0.60% +1.21% +1.84%
Change -0.654 -0.450 -0.082 - +0.101 +0.203 +0.307
Level Major Minor Major - Minor Major 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
Standard16.21016.39016.56816.74816.92617.10617.284
Camarilla16.64816.68016.71316.74616.77916.81216.845
Woodie16.20916.39016.56716.74816.92517.10617.283
Fibonacci16.39016.52716.61116.74816.88516.96917.106


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.18315.57816.13516.53017.08717.48218.039
Camarilla16.42916.51716.60416.69116.77816.86616.953
Woodie15.26315.61916.21516.57117.16717.52318.119
Fibonacci15.57815.94216.16716.53016.89417.11917.482


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.94616.24216.52516.82117.10417.40017.683
Camarilla16.65016.70316.75616.80916.86216.91516.968
Woodie15.94116.23916.52016.81817.09917.39717.678
Fibonacci16.24216.46316.60016.82117.04217.17917.400

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): 53.98
MACD (12,26,9): -0.0120
Directional Movement: -1.142
AROON (14): -28.571
DEMA (21): 16.708
Parabolic SAR (0,02-0,02-0,2): 16.591
Elder Ray (13): 0.010
Super Trend (3,10): 16.813
Zig ZAG (10): 16.748
VORTEX (21): 0.8910
Stochastique (14,3,5): 56.69
TEMA (21): 16.696
Williams %R (14): -36.07
Chande Momentum Oscillator (20): 0.004
Repulse (5,40,3): 0.3590
ROCnROLL: 1
TRIX (15,9): -0.0040
Courbe Coppock: 0.72
MA7: 16.541
MA20: 16.354
MA50: 16.569
MA100: 16.551
MAexp7: 16.683
MAexp20: 16.718
MAexp50: 16.706
MAexp100: 16.628
Price / MA7: +1.11%
Price / MA20: +2.26%
Price / MA50: +0.94%
Price / MA100: +1.05%
Price / MAexp7: +0.25%
Price / MAexp20: +0.04%
Price / MAexp50: +0.11%
Price / MAexp100: +0.58%

Quotes : 2020-09-29 16:09:44 - 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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Londinia
Londinia AI

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