CAD/MXN - 1H - Technical analysis published on 11/15/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 16.466 MXN
My targets
16.559 MXN (+0.066)
16.646 MXN (+0.153)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/MXN as long as the price remains well above 16.466 MXN. The buyers' bullish objective is set at 16.559 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.646 MXN. If there is any crossing, the next objective would be the resistance located at 16.695 MXN.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3
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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
The CAD/MXN price is 16.493 MXN. The price has increased by +0.87% since the last closing and was between 16.333 MXN and 16.494 MXN. This implies that the price is at +0.98% from its lowest and at -0.01% from its highest.16.333
16.494
16.493
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CAD/MXN in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.253 | 16.305 | 16.466 | 16.493 | 16.559 | 16.646 | 16.695 |
| Change (%) | -1.46% | -1.14% | -0.16% | - | +0.40% | +0.93% | +1.22% |
| Change | -0.240 | -0.188 | -0.027 | - | +0.066 | +0.153 | +0.202 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.078 | 16.178 | 16.265 | 16.365 | 16.452 | 16.552 | 16.639 |
| Camarilla | 16.300 | 16.317 | 16.334 | 16.351 | 16.368 | 16.385 | 16.402 |
| Woodie | 16.071 | 16.175 | 16.258 | 16.362 | 16.445 | 16.549 | 16.632 |
| Fibonacci | 16.178 | 16.250 | 16.294 | 16.365 | 16.437 | 16.481 | 16.552 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.937 | 16.094 | 16.223 | 16.380 | 16.509 | 16.666 | 16.795 |
| Camarilla | 16.272 | 16.299 | 16.325 | 16.351 | 16.377 | 16.403 | 16.430 |
| Woodie | 15.922 | 16.087 | 16.208 | 16.373 | 16.494 | 16.659 | 16.780 |
| Fibonacci | 16.094 | 16.204 | 16.271 | 16.380 | 16.490 | 16.557 | 16.666 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.613 | 15.873 | 16.238 | 16.498 | 16.863 | 17.123 | 17.488 |
| Camarilla | 16.432 | 16.489 | 16.547 | 16.604 | 16.661 | 16.719 | 16.776 |
| Woodie | 15.667 | 15.899 | 16.292 | 16.524 | 16.917 | 17.149 | 17.542 |
| Fibonacci | 15.873 | 16.111 | 16.259 | 16.498 | 16.736 | 16.884 | 17.123 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 74.76 | |
| MACD (12,26,9): | 0.0160 | |
| Directional Movement: | 23.152 | |
| AROON (14): | 92.857 | |
| DEMA (21): | 16.400 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.322 | |
| Elder Ray (13): | 0.079 | |
| Super Trend (3,10): | 16.387 | |
| Zig ZAG (10): | 16.484 | |
| VORTEX (21): | 1.2220 | |
| Stochastique (14,3,5): | 92.54 | |
| TEMA (21): | 16.387 | |
| Williams %R (14): | -1.04 | |
| Chande Momentum Oscillator (20): | 0.088 | |
| Repulse (5,40,3): | 0.4140 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0030 | |
| Courbe Coppock: | 0.38 |
| MA7: | 16.383 | |
| MA20: | 16.455 | |
| MA50: | 16.227 | |
| MA100: | 16.084 | |
| MAexp7: | 16.388 | |
| MAexp20: | 16.384 | |
| MAexp50: | 16.381 | |
| MAexp100: | 16.394 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | +1.64% | |
| Price / MA100: | +2.54% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +0.68% | |
| Price / MAexp100: | +0.60% |
Quotes :
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Real time data
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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.
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