CAD/MXN - 1H - Technical analysis published on 03/10/2021 (GMT)
- 238
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 16.642 MXN
My targets
16.516 MXN (-0.070)
16.401 MXN (-0.185)
My analysis
In the short term, we can see an acceleration in the bearish trend on CAD/MXN, which is a positive signal for sellers. As long as the price remains above 16.642 MXN, a sale could be considered. The first bearish objective is located at 16.516 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.401 MXN as an objective. Crossing it would then enable sellers to target 16.296 MXN. If the price were to return above 16.642 MXN, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.5
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 16.586 MXN. The price registered a decrease of -1.10% on the session and was traded between 16.565 MXN and 16.789 MXN over the period. The price is currently at +0.13% from its lowest and -1.21% from its highest.16.565
16.789
16.586
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.296 | 16.401 | 16.516 | 16.586 | 16.642 | 16.796 | 16.880 |
| Change (%) | -1.75% | -1.12% | -0.42% | - | +0.34% | +1.27% | +1.77% |
| Change | -0.290 | -0.185 | -0.070 | - | +0.056 | +0.210 | +0.294 |
| Level | Major | Intermediate | Minor | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.372 | 16.551 | 16.661 | 16.840 | 16.950 | 17.129 | 17.239 |
| Camarilla | 16.692 | 16.718 | 16.745 | 16.771 | 16.798 | 16.824 | 16.851 |
| Woodie | 16.338 | 16.534 | 16.627 | 16.823 | 16.916 | 17.112 | 17.205 |
| Fibonacci | 16.551 | 16.661 | 16.730 | 16.840 | 16.950 | 17.019 | 17.129 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.832 | 16.045 | 16.441 | 16.654 | 17.050 | 17.263 | 17.659 |
| Camarilla | 16.671 | 16.726 | 16.782 | 16.838 | 16.894 | 16.950 | 17.006 |
| Woodie | 15.925 | 16.091 | 16.534 | 16.700 | 17.143 | 17.309 | 17.752 |
| Fibonacci | 16.045 | 16.277 | 16.421 | 16.654 | 16.886 | 17.030 | 17.263 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.743 | 15.217 | 15.797 | 16.271 | 16.851 | 17.325 | 17.905 |
| Camarilla | 16.086 | 16.183 | 16.279 | 16.376 | 16.473 | 16.569 | 16.666 |
| Woodie | 14.795 | 15.244 | 15.849 | 16.298 | 16.903 | 17.352 | 17.957 |
| Fibonacci | 15.217 | 15.620 | 15.869 | 16.271 | 16.674 | 16.923 | 17.325 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.60 | |
| MACD (12,26,9): | -0.0460 | |
| Directional Movement: | -22.240 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 16.678 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.769 | |
| Elder Ray (13): | -0.066 | |
| Super Trend (3,10): | 16.780 | |
| Zig ZAG (10): | 16.631 | |
| VORTEX (21): | 0.8340 | |
| Stochastique (14,3,5): | 18.43 | |
| TEMA (21): | 16.657 | |
| Williams %R (14): | -85.79 | |
| Chande Momentum Oscillator (20): | -0.139 | |
| Repulse (5,40,3): | -0.3010 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0340 | |
| Courbe Coppock: | 1.01 |
| MA7: | 16.676 | |
| MA20: | 16.315 | |
| MA50: | 15.948 | |
| MA100: | 15.805 | |
| MAexp7: | 16.677 | |
| MAexp20: | 16.716 | |
| MAexp50: | 16.775 | |
| MAexp100: | 16.757 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | +1.66% | |
| Price / MA50: | +4.00% | |
| Price / MA100: | +4.94% | |
| Price / MAexp7: | -0.55% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | -1.13% | |
| Price / MAexp100: | -1.02% |
Quotes :
2021-03-10 17:09:40
-
Real time data
-
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.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis CAD/MXN - 1H