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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 04/01/2021 (GMT)

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  • 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: Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 16.229 MXN
My targets
16.167 MXN (-0.040)
16.086 MXN (-0.121)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CAD/MXN as long as the price remains well below 16.229 MXN. The sellers” bearish objective is set at 16.167 MXN. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 16.086 MXN. In case of crossing, the next objective would be the support located at 15.929 MXN. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7

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

The CAD/MXN rating is 16.207 MXN. The price is lower by -0.36% since the last closing and was traded between 16.205 MXN and 16.280 MXN over the period. The price is currently at +0.01% from its lowest and -0.45% from its highest.

16.205
16.280
16.207

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/MXN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

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:

Central Patterns

Near support of triangle

Type : Bullish

Timeframe : 1 hour


Horizontal support is broken

Type : Bearish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 15.714 15.929 16.167 16.207 16.229 16.314 16.400
Change (%) -3.04% -1.72% -0.25% - +0.14% +0.66% +1.19%
Change -0.493 -0.278 -0.040 - +0.022 +0.107 +0.193
Level Minor Major Minor - Intermediate 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
Standard16.09816.16316.21416.27916.33016.39516.446
Camarilla16.23316.24416.25416.26516.27616.28616.297
Woodie16.09116.16016.20716.27616.32316.39216.439
Fibonacci16.16316.20716.23516.27916.32316.35116.395


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.85916.08616.22416.45116.58916.81616.954
Camarilla16.26316.29616.33016.36316.39716.43016.463
Woodie15.81616.06416.18116.42916.54616.79416.911
Fibonacci16.08616.22516.31116.45116.59016.67616.816


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.13015.67615.97016.51616.81017.35617.650
Camarilla16.03416.11116.18816.26516.34216.41916.496
Woodie15.00515.61315.84516.45316.68517.29317.525
Fibonacci15.67615.99716.19516.51616.83717.03517.356

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): 36.14
MACD (12,26,9): -0.0180
Directional Movement: -15.422
AROON (14): -71.428
DEMA (21): 16.233
Parabolic SAR (0,02-0,02-0,2): 16.274
Elder Ray (13): -0.019
Super Trend (3,10): 16.292
Zig ZAG (10): 16.227
VORTEX (21): 0.9820
Stochastique (14,3,5): 16.90
TEMA (21): 16.227
Williams %R (14): -86.30
Chande Momentum Oscillator (20): -0.049
Repulse (5,40,3): -0.0950
ROCnROLL: 2
TRIX (15,9): -0.0150
Courbe Coppock: 0.38
MA7: 16.364
MA20: 16.505
MA50: 16.213
MA100: 15.886
MAexp7: 16.234
MAexp20: 16.258
MAexp50: 16.292
MAexp100: 16.337
Price / MA7: -0.96%
Price / MA20: -1.81%
Price / MA50: -0.04%
Price / MA100: +2.02%
Price / MAexp7: -0.17%
Price / MAexp20: -0.31%
Price / MAexp50: -0.52%
Price / MAexp100: -0.80%

Quotes : 2021-04-01 10:22:02 - 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.

About author

Londinia
Londinia AI

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