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 01/29/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

33%

28%

39%

My opinion

Bullish above 12.742 MXN

My targets

12.796 MXN (+0.035)

12.819 MXN (+0.058)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CAD/MXN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 12.742 MXN. The buyers' bullish objective is set at 12.796 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.819 MXN. If there is any crossing, the next objective would be the resistance located at 12.848 MXN. If there is a bearish break in the support located at 12.742 MXN some indecision would arise.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

1.4

Comment on the analysis

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

CAD/MXN rating 12.761 MXN. The price is lower by -0.01% since the last closing and was traded between 12.756 MXN and 12.766 MXN over the period. The price is currently at +0.04% from its lowest and -0.04% from its highest.

12.756

12.766

12.761

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Near support of channel

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.581	12.717	12.742	12.761	12.765	12.796	12.819
Change (%)	-1.41%	-0.34%	-0.15%	-	+0.03%	+0.27%	+0.45%
Change	-0.180	-0.044	-0.019	-	+0.004	+0.035	+0.058
Level	Major	Intermediate	Minor	-	Minor	Minor	Major

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	12.713	12.727	12.744	12.758	12.775	12.789	12.806
Camarilla	12.754	12.756	12.759	12.762	12.765	12.768	12.771
Woodie	12.716	12.728	12.747	12.759	12.778	12.790	12.809
Fibonacci	12.727	12.739	12.746	12.758	12.770	12.777	12.789

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.478	12.588	12.671	12.781	12.864	12.974	13.057
Camarilla	12.702	12.720	12.737	12.755	12.773	12.790	12.808
Woodie	12.466	12.581	12.659	12.774	12.852	12.967	13.045
Fibonacci	12.588	12.661	12.707	12.781	12.854	12.900	12.974

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.426	12.564	12.685	12.823	12.944	13.082	13.203
Camarilla	12.736	12.760	12.783	12.807	12.831	12.855	12.878
Woodie	12.419	12.560	12.678	12.819	12.937	13.078	13.196
Fibonacci	12.564	12.663	12.724	12.823	12.922	12.983	13.082

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):	50.76
MACD (12,26,9):	-0.0020
Directional Movement:	1.236
AROON (14):	-21.428
DEMA (21):	12.755
Parabolic SAR (0,02-0,02-0,2):	12.785
Elder Ray (13):	0.003
Super Trend (3,10):	12.781
Zig ZAG (10):	12.759
VORTEX (21):	0.9760
Stochastique (14,3,5):	47.69
TEMA (21):	12.756
Williams %R (14):	-53.85
Chande Momentum Oscillator (20):	-0.014
Repulse (5,40,3):	0.0400
ROCnROLL:	-1
TRIX (15,9):	-0.0030
Courbe Coppock:	0.16

MA7:	12.771
MA20:	12.712
MA50:	12.733
MA100:	12.843
MAexp7:	12.757
MAexp20:	12.758
MAexp50:	12.762
MAexp100:	12.761
Price / MA7:	-0.08%
Price / MA20:	+0.39%
Price / MA50:	+0.22%
Price / MA100:	-0.64%
Price / MAexp7:	+0.03%
Price / MAexp20:	+0.02%
Price / MAexp50:	-0.01%
Price / MAexp100:	-0%

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 Bears

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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