CAD/MXN - 1H - Technical analysis published on 08/07/2023 (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:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 12.819 MXN
My targets
12.729 MXN (-0.033)
12.657 MXN (-0.105)
My analysis
CAD/MXN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 12.819 MXN. The next support located at 12.729 MXN is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 12.657 MXN. Below this support, sellers could then target 12.587 MXN.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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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 price is 12.762 MXN. The price registered a decrease of -0.02% on the session with the lowest point at 12.722 MXN and the highest point at 12.809 MXN. The deviation from the price is +0.31% for the low point and -0.37% for the high point.12.722
12.809
12.762
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 1H chart of CAD/MXN indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
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:
Support of channel is broken
Type : Bearish
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 | 12.587 | 12.657 | 12.729 | 12.762 | 12.819 | 12.869 | 12.935 |
| Change (%) | -1.37% | -0.82% | -0.26% | - | +0.45% | +0.84% | +1.36% |
| Change | -0.175 | -0.105 | -0.033 | - | +0.057 | +0.107 | +0.173 |
| Level | Major | Minor | Major | - | Major | Minor | Minor |
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 | 12.352 | 12.544 | 12.654 | 12.846 | 12.956 | 13.148 | 13.258 |
| Camarilla | 12.682 | 12.710 | 12.737 | 12.765 | 12.793 | 12.820 | 12.848 |
| Woodie | 12.312 | 12.524 | 12.614 | 12.826 | 12.916 | 13.128 | 13.218 |
| Fibonacci | 12.544 | 12.659 | 12.730 | 12.846 | 12.961 | 13.032 | 13.148 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.102 | 12.344 | 12.554 | 12.796 | 13.006 | 13.248 | 13.458 |
| Camarilla | 12.641 | 12.682 | 12.724 | 12.765 | 12.806 | 12.848 | 12.889 |
| Woodie | 12.087 | 12.336 | 12.539 | 12.788 | 12.991 | 13.240 | 13.443 |
| Fibonacci | 12.344 | 12.516 | 12.623 | 12.796 | 12.968 | 13.075 | 13.248 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.044 | 12.302 | 12.500 | 12.758 | 12.956 | 13.214 | 13.412 |
| Camarilla | 12.573 | 12.614 | 12.656 | 12.698 | 12.740 | 12.782 | 12.823 |
| Woodie | 12.014 | 12.287 | 12.470 | 12.743 | 12.926 | 13.199 | 13.382 |
| Fibonacci | 12.302 | 12.476 | 12.584 | 12.758 | 12.932 | 13.040 | 13.214 |
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): | 43.18 | |
| MACD (12,26,9): | -0.0190 | |
| Directional Movement: | -6.731 | |
| AROON (14): | -28.571 | |
| DEMA (21): | 12.746 | |
| Parabolic SAR (0,02-0,02-0,2): | 12.796 | |
| Elder Ray (13): | -0.001 | |
| Super Trend (3,10): | 12.838 | |
| Zig ZAG (10): | 12.765 | |
| VORTEX (21): | 0.9780 | |
| Stochastique (14,3,5): | 49.37 | |
| TEMA (21): | 12.749 | |
| Williams %R (14): | -44.30 | |
| Chande Momentum Oscillator (20): | -0.001 | |
| Repulse (5,40,3): | 0.0410 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0290 | |
| Courbe Coppock: | 0.06 |
| MA7: | 12.753 | |
| MA20: | 12.770 | |
| MA50: | 12.883 | |
| MA100: | 13.092 | |
| MAexp7: | 12.762 | |
| MAexp20: | 12.775 | |
| MAexp50: | 12.805 | |
| MAexp100: | 12.801 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -0.06% | |
| Price / MA50: | -0.94% | |
| Price / MA100: | -2.52% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.34% | |
| Price / MAexp100: | -0.30% |
Quotes :
-
Real time data
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Forex
News
The last news published on CAD/MXN at the time of the generation of this analysis 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
Online
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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