CAD/MXN - 1H - Technical analysis published on 10/08/2024 (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 bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 14.293 MXN
My targets
14.132 MXN (-0.029)
14.067 MXN (-0.094)
My analysis
The bearish trend is currently very strong for CAD/MXN. As long as the price remains below the resistance at 14.293 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 14.132 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 14.067 MXN as an objective. Crossing it would then enable sellers to target 13.942 MXN. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/MXN rating is 14.161 MXN. On the day, this instrument lost -0.01% and was traded between 14.128 MXN and 14.190 MXN over the period. The price is currently at +0.23% from its lowest and -0.20% from its highest.14.128
14.190
14.161
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CAD/MXN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 13.942 | 14.067 | 14.132 | 14.161 | 14.293 | 14.481 | 14.613 |
| Change (%) | -1.55% | -0.66% | -0.20% | - | +0.93% | +2.26% | +3.19% |
| Change | -0.219 | -0.094 | -0.029 | - | +0.132 | +0.320 | +0.452 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.939 | 14.035 | 14.099 | 14.195 | 14.259 | 14.355 | 14.419 |
| Camarilla | 14.118 | 14.133 | 14.147 | 14.162 | 14.177 | 14.191 | 14.206 |
| Woodie | 13.922 | 14.027 | 14.082 | 14.187 | 14.242 | 14.347 | 14.402 |
| Fibonacci | 14.035 | 14.097 | 14.134 | 14.195 | 14.257 | 14.294 | 14.355 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.352 | 13.710 | 13.958 | 14.316 | 14.564 | 14.922 | 15.170 |
| Camarilla | 14.040 | 14.096 | 14.152 | 14.207 | 14.263 | 14.318 | 14.374 |
| Woodie | 13.298 | 13.683 | 13.904 | 14.289 | 14.510 | 14.895 | 15.116 |
| Fibonacci | 13.710 | 13.941 | 14.084 | 14.316 | 14.547 | 14.690 | 14.922 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.210 | 13.621 | 14.086 | 14.497 | 14.962 | 15.373 | 15.838 |
| Camarilla | 14.309 | 14.389 | 14.470 | 14.550 | 14.630 | 14.711 | 14.791 |
| Woodie | 13.236 | 13.635 | 14.112 | 14.511 | 14.988 | 15.387 | 15.864 |
| Fibonacci | 13.621 | 13.956 | 14.163 | 14.497 | 14.832 | 15.039 | 15.373 |
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): | 41.41 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -14.946 | |
| AROON (14): | -100.000 | |
| DEMA (21): | 14.163 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.231 | |
| Elder Ray (13): | -0.026 | |
| Super Trend (3,10): | 14.124 | |
| Zig ZAG (10): | 14.157 | |
| VORTEX (21): | 0.9630 | |
| Stochastique (14,3,5): | 33.13 | |
| TEMA (21): | 14.167 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.013 | |
| Repulse (5,40,3): | -0.0630 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0090 | |
| Courbe Coppock: | 0.41 |
| MA7: | 14.327 | |
| MA20: | 14.339 | |
| MA50: | 14.247 | |
| MA100: | 13.675 | |
| MAexp7: | 14.168 | |
| MAexp20: | 14.177 | |
| MAexp50: | 14.209 | |
| MAexp100: | 14.274 | |
| Price / MA7: | -1.16% | |
| Price / MA20: | -1.24% | |
| Price / MA50: | -0.60% | |
| Price / MA100: | +3.55% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | -0.78% |
Quotes :
-
Real time data
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Forex
News
Don't forget to follow the news on CAD/MXN. At the time of publication of this analysis, the latest news 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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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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