CAD/MXN

- MXN (-)

- Real time data - Forex

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Forex
Ticker:	CADMXN
ISIN:

CAD/MXN - Daily - Technical analysis published on 06/20/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

My opinion

Bearish under 13.309 MXN

My targets

12.819 MXN (-0.106)

12.328 MXN (-0.597)

My analysis

The bearish trend is currently very strong for CAD/MXN. As long as the price remains below the resistance at 13.309 MXN, you could try to take advantage of the bearish rally. The first bearish objective is located at 12.819 MXN. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.328 MXN as an objective. Crossing it would then enable sellers to target 11.691 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.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.1

Comment on the 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.

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Additional analysis

Quotes

The CAD/MXN price is 12.925 MXN. The price is lower by -0.02% since the last closing and was between 12.900 MXN and 12.970 MXN. This implies that the price is at +0.19% from its lowest and at -0.35% from its highest.

12.900

12.970

12.925

Here is a more detailed summary of the historical variations registered by CAD/MXN:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (5 years)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAD/MXN in Daily shows a overall strongly 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.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.642	11.691	12.819	12.925	13.309	13.610	14.017
Change (%)	-17.66%	-9.55%	-0.82%	-	+2.97%	+5.30%	+8.45%
Change	-2.283	-1.234	-0.106	-	+0.384	+0.685	+1.092
Level	Minor	Major	Major	-	Intermediate	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.785	12.849	12.889	12.953	12.993	13.057	13.097
Camarilla	12.899	12.909	12.919	12.928	12.938	12.947	12.957
Woodie	12.772	12.843	12.876	12.947	12.980	13.051	13.084
Fibonacci	12.849	12.889	12.914	12.953	12.993	13.018	13.057

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.646	12.733	12.840	12.927	13.034	13.121	13.228
Camarilla	12.893	12.910	12.928	12.946	12.964	12.982	12.999
Woodie	12.655	12.738	12.849	12.932	13.043	13.126	13.237
Fibonacci	12.733	12.807	12.853	12.927	13.001	13.047	13.121

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.328	12.613	12.825	13.110	13.322	13.607	13.819
Camarilla	12.901	12.947	12.992	13.038	13.084	13.129	13.175
Woodie	12.293	12.595	12.790	13.092	13.287	13.589	13.784
Fibonacci	12.613	12.803	12.920	13.110	13.300	13.417	13.607

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):	42.05
MACD (12,26,9):	-0.0630
Directional Movement:	-4.951
AROON (14):	-57.142
DEMA (21):	12.906
Parabolic SAR (0,02-0,02-0,2):	13.067
Elder Ray (13):	-0.028
Super Trend (3,10):	13.214
Zig ZAG (10):	12.940
VORTEX (21):	0.9010
Stochastique (14,3,5):	41.49
TEMA (21):	12.913
Williams %R (14):	-61.70
Chande Momentum Oscillator (20):	-0.151
Repulse (5,40,3):	-0.4020
ROCnROLL:	2
TRIX (15,9):	-0.0740
Courbe Coppock:	1.64

MA7:	12.928
MA20:	12.983
MA50:	13.144
MA100:	13.376
MAexp7:	12.938
MAexp20:	12.993
MAexp50:	13.139
MAexp100:	13.407
Price / MA7:	-0.02%
Price / MA20:	-0.45%
Price / MA50:	-1.67%
Price / MA100:	-3.37%
Price / MAexp7:	-0.10%
Price / MAexp20:	-0.52%
Price / MAexp50:	-1.63%
Price / MAexp100:	-3.60%

Quotes : - Real time data - 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 Bears

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

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