CAD/MXN - 1H - Technical analysis published on 02/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 15.761 MXN
My targets
15.686 MXN (-0.036)
15.475 MXN (-0.247)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 15.761 MXN remains possible. It is advisable to trade CAD/MXN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 15.761 MXN. The next bearish objective for sellers is set at 15.686 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 15.475 MXN. In case of crossing, the next objective would be the support located at 15.354 MXN. PS: if there is a bullish break in the resistance located at 15.761 MXN we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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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
CAD/MXN rating 15.722 MXN. The price has increased by +0.05% since the last closing and was between 15.707 MXN and 15.734 MXN. This implies that the price is at +0.10% from its lowest and at -0.08% from its highest.15.707
15.734
15.722
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this CAD/MXN chart shows a bearish trend. The signals given by moving averages are 78.57% bearish. This bearish trend could slow down given the neutral 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.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
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 | 14.429 | 15.354 | 15.686 | 15.722 | 15.761 | 15.844 | 15.929 |
| Change (%) | -8.22% | -2.34% | -0.23% | - | +0.25% | +0.78% | +1.32% |
| Change | -1.293 | -0.368 | -0.036 | - | +0.039 | +0.122 | +0.207 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | 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 | 15.615 | 15.653 | 15.684 | 15.722 | 15.753 | 15.791 | 15.822 |
| Camarilla | 15.695 | 15.701 | 15.708 | 15.714 | 15.720 | 15.727 | 15.733 |
| Woodie | 15.611 | 15.651 | 15.680 | 15.720 | 15.749 | 15.789 | 15.818 |
| Fibonacci | 15.653 | 15.680 | 15.696 | 15.722 | 15.749 | 15.765 | 15.791 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.475 | 15.583 | 15.649 | 15.757 | 15.823 | 15.931 | 15.997 |
| Camarilla | 15.666 | 15.682 | 15.698 | 15.714 | 15.730 | 15.746 | 15.762 |
| Woodie | 15.453 | 15.573 | 15.627 | 15.747 | 15.801 | 15.921 | 15.975 |
| Fibonacci | 15.583 | 15.650 | 15.691 | 15.757 | 15.824 | 15.865 | 15.931 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.904 | 15.151 | 15.627 | 15.874 | 16.350 | 16.597 | 17.073 |
| Camarilla | 15.905 | 15.971 | 16.038 | 16.104 | 16.170 | 16.237 | 16.303 |
| Woodie | 15.020 | 15.208 | 15.743 | 15.931 | 16.466 | 16.654 | 17.189 |
| Fibonacci | 15.151 | 15.427 | 15.598 | 15.874 | 16.150 | 16.321 | 16.597 |
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): | 45.86 | |
| MACD (12,26,9): | -0.0050 | |
| Directional Movement: | 1.798 | |
| AROON (14): | 21.428 | |
| DEMA (21): | 15.713 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.692 | |
| Elder Ray (13): | 0.002 | |
| Super Trend (3,10): | 15.760 | |
| Zig ZAG (10): | 15.723 | |
| VORTEX (21): | 0.9470 | |
| Stochastique (14,3,5): | 50.37 | |
| TEMA (21): | 15.713 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | 0.006 | |
| Repulse (5,40,3): | 0.0170 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0050 | |
| Courbe Coppock: | 0.11 |
| MA7: | 15.754 | |
| MA20: | 15.757 | |
| MA50: | 15.667 | |
| MA100: | 15.785 | |
| MAexp7: | 15.715 | |
| MAexp20: | 15.718 | |
| MAexp50: | 15.732 | |
| MAexp100: | 15.753 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | -0.22% | |
| Price / MA50: | +0.35% | |
| Price / MA100: | -0.40% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.20% |
Quotes :
2021-02-15 07:40:39
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Real time data
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Forex
News
Don"t forget to follow the news on CAD/MXN. At the time of publication of this analysis, the latest news 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.
About author
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