CAD/MXN - 1H - Technical analysis published on 09/06/2021 (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
Short term:
Bearish
Underlying:
Bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 15.925 MXN
My targets
15.860 MXN (-0.031)
15.797 MXN (-0.094)
My analysis
All elements being rather 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 15.925 MXN. The next bearish objective for sellers is set at 15.860 MXN. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 15.797 MXN. If there is any crossing, the next objective would be the support located at 15.725 MXN. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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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 15.891 MXN. The price registered a decrease of -0.08% on the session and was traded between 15.883 MXN and 15.920 MXN over the period. The price is currently at +0.05% from its lowest and -0.18% from its highest.15.883
15.920
15.891
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CAD/MXN:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is bearish. The signals given by moving averages are at 67.86% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 3 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 15.725 | 15.797 | 15.860 | 15.891 | 15.925 | 15.982 | 16.045 |
| Change (%) | -1.04% | -0.59% | -0.20% | - | +0.21% | +0.57% | +0.97% |
| Change | -0.166 | -0.094 | -0.031 | - | +0.034 | +0.091 | +0.154 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.798 | 15.830 | 15.866 | 15.898 | 15.934 | 15.966 | 16.002 |
| Camarilla | 15.884 | 15.891 | 15.897 | 15.903 | 15.909 | 15.916 | 15.922 |
| Woodie | 15.801 | 15.831 | 15.869 | 15.899 | 15.937 | 15.967 | 16.005 |
| Fibonacci | 15.830 | 15.856 | 15.872 | 15.898 | 15.924 | 15.940 | 15.966 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.538 | 15.668 | 15.785 | 15.915 | 16.032 | 16.162 | 16.279 |
| Camarilla | 15.835 | 15.858 | 15.880 | 15.903 | 15.926 | 15.948 | 15.971 |
| Woodie | 15.533 | 15.665 | 15.780 | 15.912 | 16.027 | 16.159 | 16.274 |
| Fibonacci | 15.668 | 15.762 | 15.820 | 15.915 | 16.009 | 16.067 | 16.162 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.144 | 15.388 | 15.650 | 15.894 | 16.156 | 16.400 | 16.662 |
| Camarilla | 15.772 | 15.818 | 15.865 | 15.911 | 15.957 | 16.004 | 16.050 |
| Woodie | 15.152 | 15.393 | 15.658 | 15.899 | 16.164 | 16.405 | 16.670 |
| Fibonacci | 15.388 | 15.582 | 15.701 | 15.894 | 16.088 | 16.207 | 16.400 |
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): | 47.07 | |
| MACD (12,26,9): | -0.0010 | |
| Directional Movement: | -4.562 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 15.895 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.872 | |
| Elder Ray (13): | -0.006 | |
| Super Trend (3,10): | 15.868 | |
| Zig ZAG (10): | 15.889 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 22.85 | |
| TEMA (21): | 15.891 | |
| Williams %R (14): | -75.68 | |
| Chande Momentum Oscillator (20): | -0.012 | |
| Repulse (5,40,3): | 0.0030 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.09 |
| MA7: | 15.919 | |
| MA20: | 15.928 | |
| MA50: | 15.942 | |
| MA100: | 16.161 | |
| MAexp7: | 15.894 | |
| MAexp20: | 15.896 | |
| MAexp50: | 15.896 | |
| MAexp100: | 15.909 | |
| Price / MA7: | -0.18% | |
| Price / MA20: | -0.23% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | -1.67% | |
| Price / MAexp7: | -0.02% | |
| Price / MAexp20: | -0.03% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.11% |
Quotes :
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Real time data
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Forex
News
The latest news and videos published on CAD/MXN at the time of the analysis were 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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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…
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