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 01/10/2022 (GMT)

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  • Timeframe : 1H
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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:
15 min. Daily Weekly

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.

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 study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

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:

Central Patterns

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


S3S2S1PriceR1R2R3
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
Standard15.90715.96416.04116.09816.17516.23216.309
Camarilla16.08216.09416.10716.11916.13116.14416.156
Woodie15.91815.96916.05216.10316.18616.23716.320
Fibonacci15.96416.01516.04716.09816.14916.18116.232


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.76415.88416.00216.12216.24016.36016.478
Camarilla16.05416.07516.09716.11916.14116.16316.185
Woodie15.76215.88416.00016.12216.23816.36016.476
Fibonacci15.88415.97516.03116.12216.21316.26916.360


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.06615.52915.88116.34416.69617.15917.511
Camarilla16.00816.08316.15716.23216.30716.38116.456
Woodie15.01015.50115.82516.31616.64017.13117.455
Fibonacci15.52915.84116.03316.34416.65616.84817.159

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.

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