CAD/MXN - 1H - Technical analysis published on 03/26/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Slightly bearish
Technical indicators
61%
0%
39%
My opinion
Neutral between 16.809 MXN and 17.128 MXN
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 16.809 MXN. The first resistance is located at 17.128 MXN. A very slight advantage is given by the slightly bearish basic trend so that the support 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 could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
Technical indicators are bullish in the very short term 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
CAD/MXN rating 16.965 MXN. The price has increased by +0.44% since the last closing and was traded between 16.831 MXN and 16.996 MXN over the period. The price is currently at +0.80% from its lowest and -0.18% from its highest.16.831
16.996
16.965
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
New HIGH record (5 years)
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 CAD/MXN in 1H shows an overall 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 and bearish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 16.399 | 16.642 | 16.809 | 16.965 | 17.128 | 17.285 | 17.578 |
| Change (%) | -3.34% | -1.90% | -0.92% | - | +0.96% | +1.89% | +3.61% |
| Change | -0.566 | -0.323 | -0.156 | - | +0.163 | +0.320 | +0.613 |
| Level | Intermediate | Major | Major | - | Minor | 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 | 16.218 | 16.510 | 16.701 | 16.993 | 17.184 | 17.476 | 17.667 |
| Camarilla | 16.758 | 16.803 | 16.847 | 16.891 | 16.935 | 16.980 | 17.024 |
| Woodie | 16.167 | 16.485 | 16.650 | 16.968 | 17.133 | 17.451 | 17.616 |
| Fibonacci | 16.510 | 16.695 | 16.809 | 16.993 | 17.178 | 17.292 | 17.476 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.493 | 15.014 | 16.026 | 16.547 | 17.559 | 18.080 | 19.092 |
| Camarilla | 16.615 | 16.756 | 16.897 | 17.037 | 17.178 | 17.318 | 17.459 |
| Woodie | 14.738 | 15.137 | 16.271 | 16.670 | 17.804 | 18.203 | 19.337 |
| Fibonacci | 15.014 | 15.600 | 15.962 | 16.547 | 17.133 | 17.495 | 18.080 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.300 | 13.636 | 14.135 | 14.471 | 14.970 | 15.306 | 15.805 |
| Camarilla | 14.404 | 14.481 | 14.558 | 14.634 | 14.711 | 14.787 | 14.864 |
| Woodie | 13.382 | 13.677 | 14.217 | 14.512 | 15.052 | 15.347 | 15.887 |
| Fibonacci | 13.636 | 13.955 | 14.152 | 14.471 | 14.790 | 14.987 | 15.306 |
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): | 51.01 | |
| MACD (12,26,9): | -0.0490 | |
| Directional Movement: | -6.738 | |
| AROON (14): | -7.143 | |
| DEMA (21): | 16.862 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.820 | |
| Elder Ray (13): | 0.022 | |
| Super Trend (3,10): | 17.070 | |
| Zig ZAG (10): | 16.958 | |
| VORTEX (21): | 0.9210 | |
| Stochastique (14,3,5): | 66.21 | |
| TEMA (21): | 16.874 | |
| Williams %R (14): | -11.92 | |
| Chande Momentum Oscillator (20): | 0.115 | |
| Repulse (5,40,3): | 0.6200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.68 |
| MA7: | 16.928 | |
| MA20: | 15.822 | |
| MA50: | 14.845 | |
| MA100: | 14.687 | |
| MAexp7: | 16.914 | |
| MAexp20: | 16.940 | |
| MAexp50: | 17.025 | |
| MAexp100: | 16.983 | |
| Price / MA7: | +0.22% | |
| Price / MA20: | +7.22% | |
| Price / MA50: | +14.28% | |
| Price / MA100: | +15.51% | |
| Price / MAexp7: | +0.30% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | -0.11% |
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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