CAD/MXN - 1H - Technical analysis published on 01/26/2022 (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:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 16.334 MXN
My targets
16.391 MXN (+0.037)
16.451 MXN (+0.097)
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 16.334 MXN, a purchase could be considered. The first bullish objective is located at 16.391 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 16.451 MXN as an objective. Crossing it would then enable buyers to target 16.646 MXN. In the event of a return below 16.334 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
6.8
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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 16.354 MXN. The price registered an increase of +0.11% on the session and was traded between 16.324 MXN and 16.365 MXN over the period. The price is currently at +0.18% from its lowest and -0.07% from its highest.16.324
16.365
16.354
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/MXN chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum 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 channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
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 | 16.245 | 16.295 | 16.334 | 16.354 | 16.366 | 16.391 | 16.451 |
| Change (%) | -0.67% | -0.36% | -0.12% | - | +0.07% | +0.23% | +0.59% |
| Change | -0.109 | -0.059 | -0.020 | - | +0.012 | +0.037 | +0.097 |
| Level | Major | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 16.192 | 16.243 | 16.289 | 16.340 | 16.386 | 16.437 | 16.483 |
| Camarilla | 16.309 | 16.318 | 16.327 | 16.336 | 16.345 | 16.354 | 16.363 |
| Woodie | 16.191 | 16.242 | 16.288 | 16.339 | 16.385 | 16.436 | 16.482 |
| Fibonacci | 16.243 | 16.280 | 16.303 | 16.340 | 16.377 | 16.400 | 16.437 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.872 | 16.023 | 16.150 | 16.301 | 16.428 | 16.579 | 16.706 |
| Camarilla | 16.202 | 16.227 | 16.253 | 16.278 | 16.304 | 16.329 | 16.355 |
| Woodie | 15.861 | 16.017 | 16.139 | 16.295 | 16.417 | 16.573 | 16.695 |
| Fibonacci | 16.023 | 16.129 | 16.195 | 16.301 | 16.407 | 16.473 | 16.579 |
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): | 59.88 | |
| MACD (12,26,9): | 0.0080 | |
| Directional Movement: | 7.836 | |
| AROON (14): | -14.286 | |
| DEMA (21): | 16.353 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.365 | |
| Elder Ray (13): | 0.014 | |
| Super Trend (3,10): | 16.297 | |
| Zig ZAG (10): | 16.360 | |
| VORTEX (21): | 1.0460 | |
| Stochastique (14,3,5): | 62.35 | |
| TEMA (21): | 16.353 | |
| Williams %R (14): | -34.78 | |
| Chande Momentum Oscillator (20): | 0.003 | |
| Repulse (5,40,3): | 0.0370 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0070 | |
| Courbe Coppock: | 0.07 |
| MA7: | 16.345 | |
| MA20: | 16.227 | |
| MA50: | 16.381 | |
| MA100: | 16.318 | |
| MAexp7: | 16.349 | |
| MAexp20: | 16.343 | |
| MAexp50: | 16.332 | |
| MAexp100: | 16.326 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | +0.78% | |
| Price / MA50: | -0.16% | |
| Price / MA100: | +0.22% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | +0.13% | |
| Price / MAexp100: | +0.17% |
Quotes :
-
Real time data
-
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.
About author
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