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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 09/25/2023 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 12.791 MXN
My targets
12.904 MXN (+0.080)
13.023 MXN (+0.199)
My analysis
The bullish trend is currently very strong on CAD/MXN. As long as the price remains above the support at 12.791 MXN, you could try to benefit from the boom. The first bullish objective is located at 12.904 MXN. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.023 MXN as an objective. Crossing it would then enable buyers to target 13.610 MXN. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/MXN price is 12.824 MXN. On the day, this instrument gained +0.45% and was traded between 12.743 MXN and 12.825 MXN over the period. The price is currently at +0.64% from its lowest and -0.01% from its highest.

12.743
12.825
12.824

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CAD/MXN chart shows a strongly bullish trend. 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.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour



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

Central Patterns

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour


Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 12.721 12.791 12.819 12.824 13.023 13.610 13.942
Change (%) -0.80% -0.26% -0.04% - +1.55% +6.13% +8.72%
Change -0.103 -0.033 -0.005 - +0.199 +0.786 +1.118
Level Intermediate Intermediate Intermediate - Intermediate Minor Major



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
Standard12.64712.68012.72412.75712.80112.83412.878
Camarilla12.74612.75312.76012.76712.77412.78112.788
Woodie12.65212.68312.72912.76012.80612.83712.883
Fibonacci12.68012.71012.72812.75712.78712.80512.834


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.47312.54212.65412.72312.83512.90413.016
Camarilla12.71712.73412.75012.76712.78412.80012.817
Woodie12.49612.55312.67712.73412.85812.91513.039
Fibonacci12.54212.61112.65412.72312.79212.83512.904


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.46811.87212.22812.63212.98813.39213.748
Camarilla12.37412.44412.51312.58312.65312.72212.792
Woodie11.44311.86012.20312.62012.96313.38013.723
Fibonacci11.87212.16312.34212.63212.92313.10213.392

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): 68.23
MACD (12,26,9): 0.0110
Directional Movement: 22.277
AROON (14): 21.428
DEMA (21): 12.780
Parabolic SAR (0,02-0,02-0,2): 12.748
Elder Ray (13): 0.034
Super Trend (3,10): 12.751
Zig ZAG (10): 12.815
VORTEX (21): 1.2130
Stochastique (14,3,5): 94.28
TEMA (21): 12.787
Williams %R (14): 0.00
Chande Momentum Oscillator (20): 0.055
Repulse (5,40,3): 0.4620
ROCnROLL: 1
TRIX (15,9): 0.0050
Courbe Coppock: 0.46
MA7: 12.725
MA20: 12.690
MA50: 12.678
MA100: 12.829
MAexp7: 12.787
MAexp20: 12.768
MAexp50: 12.752
MAexp100: 12.735
Price / MA7: +0.78%
Price / MA20: +1.06%
Price / MA50: +1.15%
Price / MA100: -0.04%
Price / MAexp7: +0.29%
Price / MAexp20: +0.44%
Price / MAexp50: +0.56%
Price / MAexp100: +0.70%

Quotes : - Real time data - Forex

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.

About author

Londinia
Londinia AI

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