CAD/MXN - 1H - Technical analysis published on 02/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 14.035 MXN and 14.074 MXN
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bearish trend on CAD/MXN. It is difficult to advise a trading direction under these conditions. The first support is located at 14.035 MXN. The first resistance is located at 14.074 MXN. You could stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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:
Additional analysis
Quotes
The CAD/MXN rating is 14.051 MXN. The price has increased by +0.10% since the last closing and was between 14.029 MXN and 14.055 MXN. This implies that the price is at +0.16% from its lowest and at -0.03% from its highest.14.029
14.055
14.051
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this CAD/MXN chart shows a slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 13.770 | 13.972 | 14.035 | 14.051 | 14.074 | 14.140 | 14.279 |
| Change (%) | -2.00% | -0.56% | -0.11% | - | +0.16% | +0.63% | +1.62% |
| Change | -0.281 | -0.079 | -0.016 | - | +0.023 | +0.089 | +0.228 |
| Level | Minor | Minor | Major | - | Major | Intermediate | 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 | 13.967 | 13.996 | 14.016 | 14.045 | 14.065 | 14.094 | 14.114 |
| Camarilla | 14.024 | 14.028 | 14.033 | 14.037 | 14.042 | 14.046 | 14.051 |
| Woodie | 13.964 | 13.994 | 14.013 | 14.043 | 14.062 | 14.092 | 14.111 |
| Fibonacci | 13.996 | 14.014 | 14.026 | 14.045 | 14.063 | 14.075 | 14.094 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.655 | 13.813 | 13.957 | 14.115 | 14.259 | 14.417 | 14.561 |
| Camarilla | 14.017 | 14.045 | 14.072 | 14.100 | 14.128 | 14.155 | 14.183 |
| Woodie | 13.647 | 13.810 | 13.949 | 14.112 | 14.251 | 14.414 | 14.553 |
| Fibonacci | 13.813 | 13.929 | 14.000 | 14.115 | 14.231 | 14.302 | 14.417 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.542 | 13.841 | 14.037 | 14.336 | 14.532 | 14.831 | 15.027 |
| Camarilla | 14.096 | 14.141 | 14.187 | 14.232 | 14.277 | 14.323 | 14.368 |
| Woodie | 13.490 | 13.815 | 13.985 | 14.310 | 14.480 | 14.805 | 14.975 |
| Fibonacci | 13.841 | 14.030 | 14.147 | 14.336 | 14.525 | 14.642 | 14.831 |
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): | 52.13 | |
| MACD (12,26,9): | -0.0020 | |
| Directional Movement: | 0.471 | |
| AROON (14): | 7.143 | |
| DEMA (21): | 14.039 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.061 | |
| Elder Ray (13): | 0.006 | |
| Super Trend (3,10): | 14.080 | |
| Zig ZAG (10): | 14.050 | |
| VORTEX (21): | 1.0330 | |
| Stochastique (14,3,5): | 61.89 | |
| TEMA (21): | 14.043 | |
| Williams %R (14): | -26.92 | |
| Chande Momentum Oscillator (20): | 0.003 | |
| Repulse (5,40,3): | 0.0510 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0040 | |
| Courbe Coppock: | 0.03 |
| MA7: | 14.047 | |
| MA20: | 14.192 | |
| MA50: | 14.361 | |
| MA100: | 14.502 | |
| MAexp7: | 14.044 | |
| MAexp20: | 14.044 | |
| MAexp50: | 14.052 | |
| MAexp100: | 14.063 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | -0.99% | |
| Price / MA50: | -2.16% | |
| Price / MA100: | -3.11% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.09% |
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.
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