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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 08/08/2024 (GMT)

  • 136
  • 0
  • Timeframe : 1H
  • - Analysis generated on
  • Status : NEUTRAL

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Slightly bullish
Technical indicators
22%
22%
56%
My opinion
Neutral between 13.942 MXN and 14.110 MXN
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 14.110 MXN. The first support is located at 13.942 MXN. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

Technical indicators are neutral in the very short term and are not able to influence the opinion of this 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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/MXN price is 14.029 MXN. The price is lower by -0.01% since the last closing and was traded between 13.988 MXN and 14.082 MXN over the period. The price is currently at +0.29% from its lowest and -0.38% from its highest.

13.988
14.082
14.029

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

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

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.409 13.671 13.942 14.029 14.110 14.231 14.572
Change (%) -4.42% -2.55% -0.62% - +0.58% +1.44% +3.87%
Change -0.620 -0.358 -0.087 - +0.081 +0.202 +0.543
Level Major Intermediate Major - Minor Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.62213.77613.90314.05714.18414.33814.465
Camarilla13.95413.98014.00514.03114.05714.08314.108
Woodie13.61013.76913.89114.05014.17214.33114.453
Fibonacci13.77613.88313.94914.05714.16414.23014.338


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.92313.11713.47113.66514.01914.21314.567
Camarilla13.67313.72413.77413.82413.87413.92513.975
Woodie13.00213.15713.55013.70514.09814.25314.646
Fibonacci13.11713.32713.45613.66513.87514.00414.213


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.25412.57413.03913.35913.82414.14414.609
Camarilla13.28713.35913.43113.50313.57513.64713.719
Woodie12.32612.61013.11113.39513.89614.18014.681
Fibonacci12.57412.87413.06013.35913.65913.84514.144

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 47.62
MACD (12,26,9): -0.0050
Directional Movement: 3.424
AROON (14): -50.000
DEMA (21): 14.022
Parabolic SAR (0,02-0,02-0,2): 14.068
Elder Ray (13): 0.007
Super Trend (3,10): 14.143
Zig ZAG (10): 14.024
VORTEX (21): 1.0750
Stochastique (14,3,5): 41.67
TEMA (21): 14.022
Williams %R (14): -61.46
Chande Momentum Oscillator (20): -0.008
Repulse (5,40,3): 0.0250
ROCnROLL: -1
TRIX (15,9): -0.0070
Courbe Coppock: 0.09
MA7: 13.877
MA20: 13.419
MA50: 13.328
MA100: 12.806
MAexp7: 14.028
MAexp20: 14.029
MAexp50: 14.027
MAexp100: 13.959
Price / MA7: +1.10%
Price / MA20: +4.55%
Price / MA50: +5.26%
Price / MA100: +9.55%
Price / MAexp7: +0.01%
Price / MAexp20: -0%
Price / MAexp50: +0.01%
Price / MAexp100: +0.50%

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:

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

About author

Londinia
Londinia AI

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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…

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