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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 07/02/2021 (GMT)

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

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Bullish
Underlying: Slightly bullish
Technical indicators
56%
6%
39%
My opinion
Bullish above 15.925 MXN
My targets
16.208 MXN (+0.103)
16.269 MXN (+0.164)
My analysis
The basic trend is currently slightly bullish on CAD/MXN and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 15.925 MXN, purchases could be favourable. The first bullish objective would be the resistance located at 16.208 MXN. Then the price could move towards 16.269 MXN. Then 16.432 MXN by extension. A return under the support to 15.925 MXN could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
4.1

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 price is 16.105 MXN. The price has increased by +0.12% since the last closing and was between 16.071 MXN and 16.107 MXN. This implies that the price is at +0.21% from its lowest and at -0.01% from its highest.

16.071
16.107
16.105

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/MXN chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the 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. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

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


S3S2S1PriceR1R2R3
ProTrendLines 15.354 15.618 15.925 16.105 16.111 16.208 16.269
Change (%) -4.66% -3.02% -1.12% - +0.04% +0.64% +1.02%
Change -0.751 -0.487 -0.180 - +0.006 +0.103 +0.164
Level Major Minor Major - Intermediate Intermediate Minor



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
Standard15.87515.96616.02616.11716.17716.26816.328
Camarilla16.04516.05816.07216.08616.10016.11416.128
Woodie15.86015.95816.01116.10916.16216.26016.313
Fibonacci15.96616.02416.05916.11716.17516.21016.268


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.17515.59515.85716.27716.53916.95917.221
Camarilla15.93215.99416.05716.11916.18216.24416.307
Woodie15.09615.55615.77816.23816.46016.92017.142
Fibonacci15.59515.85616.01716.27716.53816.69916.959


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.04115.50015.79416.25316.54717.00617.300
Camarilla15.88115.95016.01916.08816.15716.22616.295
Woodie14.95915.45915.71216.21216.46516.96517.218
Fibonacci15.50015.78815.96516.25316.54116.71817.006

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): 54.12
MACD (12,26,9): 0.0010
Directional Movement: -1.686
AROON (14): -21.429
DEMA (21): 16.090
Parabolic SAR (0,02-0,02-0,2): 16.128
Elder Ray (13): -0.003
Super Trend (3,10): 16.151
Zig ZAG (10): 16.088
VORTEX (21): 0.9870
Stochastique (14,3,5): 45.34
TEMA (21): 16.083
Williams %R (14): -28.85
Chande Momentum Oscillator (20): 0.012
Repulse (5,40,3): 0.0430
ROCnROLL: 1
TRIX (15,9): 0.0020
Courbe Coppock: 0.35
MA7: 16.079
MA20: 16.315
MA50: 16.393
MA100: 16.333
MAexp7: 16.084
MAexp20: 16.088
MAexp50: 16.080
MAexp100: 16.100
Price / MA7: +0.16%
Price / MA20: -1.29%
Price / MA50: -1.76%
Price / MA100: -1.40%
Price / MAexp7: +0.13%
Price / MAexp20: +0.11%
Price / MAexp50: +0.16%
Price / MAexp100: +0.03%

Quotes : - Real time data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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