CAD/MXN - 1H - Technical analysis published on 01/10/2022 (GMT)
- 183
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 16.120 MXN
My targets
16.191 MXN (+0.036)
16.243 MXN (+0.088)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on CAD/MXN. This is a positive signal for buyers. As long as the price remains above 16.120 MXN, a purchase could be considered. The first bullish objective is located at 16.191 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.243 MXN as an objective. Crossing it would then enable buyers to target 16.306 MXN. In the event of a return below 16.120 MXN, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7.7
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.
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 16.155 MXN. On the day, this instrument gained +0.22% with the lowest point at 16.096 MXN and the highest point at 16.156 MXN. The deviation from the price is +0.37% for the low point and -0.01% for the high point.16.096
16.156
16.155
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals 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, 16 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
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 | 16.070 | 16.120 | 16.154 | 16.155 | 16.191 | 16.243 | 16.306 |
Change (%) | -0.53% | -0.22% | -0.01% | - | +0.22% | +0.54% | +0.93% |
Change | -0.085 | -0.035 | -0.001 | - | +0.036 | +0.088 | +0.151 |
Level | Major | Minor | Minor | - | Intermediate | Intermediate | Minor |
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 | 15.907 | 15.964 | 16.041 | 16.098 | 16.175 | 16.232 | 16.309 |
Camarilla | 16.082 | 16.094 | 16.107 | 16.119 | 16.131 | 16.144 | 16.156 |
Woodie | 15.918 | 15.969 | 16.052 | 16.103 | 16.186 | 16.237 | 16.320 |
Fibonacci | 15.964 | 16.015 | 16.047 | 16.098 | 16.149 | 16.181 | 16.232 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.764 | 15.884 | 16.002 | 16.122 | 16.240 | 16.360 | 16.478 |
Camarilla | 16.054 | 16.075 | 16.097 | 16.119 | 16.141 | 16.163 | 16.185 |
Woodie | 15.762 | 15.884 | 16.000 | 16.122 | 16.238 | 16.360 | 16.476 |
Fibonacci | 15.884 | 15.975 | 16.031 | 16.122 | 16.213 | 16.269 | 16.360 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.066 | 15.529 | 15.881 | 16.344 | 16.696 | 17.159 | 17.511 |
Camarilla | 16.008 | 16.083 | 16.157 | 16.232 | 16.307 | 16.381 | 16.456 |
Woodie | 15.010 | 15.501 | 15.825 | 16.316 | 16.640 | 17.131 | 17.455 |
Fibonacci | 15.529 | 15.841 | 16.033 | 16.344 | 16.656 | 16.848 | 17.159 |
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): | 59.85 | |
MACD (12,26,9): | 0.0090 | |
Directional Movement: | 7.316 | |
AROON (14): | 71.429 | |
DEMA (21): | 16.132 | |
Parabolic SAR (0,02-0,02-0,2): | 16.059 | |
Elder Ray (13): | 0.014 | |
Super Trend (3,10): | 16.077 | |
Zig ZAG (10): | 16.140 | |
VORTEX (21): | 1.1260 | |
Stochastique (14,3,5): | 87.08 | |
TEMA (21): | 16.139 | |
Williams %R (14): | -8.16 | |
Chande Momentum Oscillator (20): | 0.024 | |
Repulse (5,40,3): | 0.1660 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0070 | |
Courbe Coppock: | 0.22 |
MA7: | 16.139 | |
MA20: | 16.163 | |
MA50: | 16.421 | |
MA100: | 16.274 | |
MAexp7: | 16.134 | |
MAexp20: | 16.121 | |
MAexp50: | 16.114 | |
MAexp100: | 16.114 | |
Price / MA7: | +0.10% | |
Price / MA20: | -0.05% | |
Price / MA50: | -1.62% | |
Price / MA100: | -0.73% | |
Price / MAexp7: | +0.13% | |
Price / MAexp20: | +0.21% | |
Price / MAexp50: | +0.25% | |
Price / MAexp100: | +0.25% |
Quotes :
-
Real time data
-
Forex
News
The latest news and videos published on CAD/MXN at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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