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 02/27/2020 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 14.497 MXN
My targets
14.601 MXN (+0.046)
14.739 MXN (+0.184)
My analysis
CAD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 14.497 MXN. The next resistance located at 14.601 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14.739 MXN. After this resistance, buyers could then target 14.905 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.2

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:
15 min. Daily Weekly

Additional analysis

Quotes

CAD/MXN rating 14.555 MXN. The price registered an increase of +0.68% on the session with the lowest point at 14.446 MXN and the highest point at 14.592 MXN. The deviation from the price is +0.75% for the low point and -0.25% for the high point.

14.446
14.592
14.555

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:

Technical


Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported 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.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

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 this signal:

Central Patterns

Horizontal support is broken

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


S3S2S1PriceR1R2R3
ProTrendLines 14.360 14.429 14.497 14.555 14.601 14.739 14.905
Change (%) -1.34% -0.87% -0.40% - +0.32% +1.26% +2.40%
Change -0.195 -0.126 -0.058 - +0.046 +0.184 +0.350
Level Minor Intermediate Intermediate - Major Minor Minor



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
Standard14.23614.29414.37514.43314.51414.57214.653
Camarilla14.41914.43214.44414.45714.47014.48314.495
Woodie14.24914.30014.38814.43914.52714.57814.666
Fibonacci14.29414.34714.38014.43314.48614.51914.572


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.64513.81514.05514.22514.46514.63514.875
Camarilla14.18314.22114.25814.29614.33414.37114.409
Woodie13.68113.83314.09114.24314.50114.65314.911
Fibonacci13.81513.97114.06814.22514.38114.47814.635


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.54213.84114.03714.33614.53214.83115.027
Camarilla14.09614.14114.18714.23214.27714.32314.368
Woodie13.49013.81513.98514.31014.48014.80514.975
Fibonacci13.84114.03014.14714.33614.52514.64214.831

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): 61.71
MACD (12,26,9): 0.0350
Directional Movement: 12.731
AROON (14): 100.000
DEMA (21): 14.560
Parabolic SAR (0,02-0,02-0,2): 14.496
Elder Ray (13): 0.034
Super Trend (3,10): 14.448
Zig ZAG (10): 14.574
VORTEX (21): 1.1860
Stochastique (14,3,5): 66.77
TEMA (21): 14.567
Williams %R (14): -22.40
Chande Momentum Oscillator (20): 0.033
Repulse (5,40,3): 0.1360
ROCnROLL: 1
TRIX (15,9): 0.0370
Courbe Coppock: 1.02
MA7: 14.325
MA20: 14.155
MA50: 14.301
MA100: 14.440
MAexp7: 14.541
MAexp20: 14.513
MAexp50: 14.454
MAexp100: 14.385
Price / MA7: +1.61%
Price / MA20: +2.83%
Price / MA50: +1.78%
Price / MA100: +0.80%
Price / MAexp7: +0.10%
Price / MAexp20: +0.29%
Price / MAexp50: +0.70%
Price / MAexp100: +1.18%

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.

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