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 03/07/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bullish

Underlying: Neutral

Technical indicators

56%

11%

33%

My opinion

Neutral between 12.466 MXN and 12.521 MXN

My targets

My analysis

The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 12.521 MXN. The first support is located at 12.466 MXN. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by CAD/MXN.

In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.

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.

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

Additional analysis

Quotes

The CAD/MXN rating is 12.493 MXN. The price registered a decrease of -0.01% on the session with the lowest point at 12.483 MXN and the highest point at 12.498 MXN. The deviation from the price is +0.08% for the low point and -0.04% for the high point.

12.483

12.498

12.493

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

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 study of the highest / lowest by the Central Records scanner shows the following results:

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 HIGH record (1st january)

Type : Bullish

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 not clearly defined. The slightly bullish signals currently given by short-term moving averages could allow the overall trend to return to a slightly bullish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.316	12.418	12.466	12.493	12.521	12.554	12.581
Change (%)	-1.42%	-0.60%	-0.22%	-	+0.22%	+0.49%	+0.70%
Change	-0.177	-0.075	-0.027	-	+0.028	+0.061	+0.088
Level	Minor	Major	Major	-	Intermediate	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.353	12.385	12.440	12.472	12.527	12.559	12.614
Camarilla	12.470	12.478	12.486	12.494	12.502	12.510	12.518
Woodie	12.364	12.391	12.451	12.478	12.538	12.565	12.625
Fibonacci	12.385	12.419	12.439	12.472	12.506	12.526	12.559

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.312	12.417	12.481	12.586	12.650	12.755	12.819
Camarilla	12.500	12.515	12.531	12.546	12.562	12.577	12.593
Woodie	12.293	12.407	12.462	12.576	12.631	12.745	12.800
Fibonacci	12.417	12.481	12.521	12.586	12.650	12.690	12.755

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.178	12.366	12.466	12.654	12.754	12.942	13.042
Camarilla	12.487	12.513	12.540	12.566	12.592	12.619	12.645
Woodie	12.134	12.344	12.422	12.632	12.710	12.920	12.998
Fibonacci	12.366	12.476	12.544	12.654	12.764	12.832	12.942

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):	59.76
MACD (12,26,9):	0.0070
Directional Movement:	4.420
AROON (14):	21.429
DEMA (21):	12.492
Parabolic SAR (0,02-0,02-0,2):	12.482
Elder Ray (13):	0.006
Super Trend (3,10):	12.461
Zig ZAG (10):	12.494
VORTEX (21):	1.1990
Stochastique (14,3,5):	76.39
TEMA (21):	12.501
Williams %R (14):	-31.43
Chande Momentum Oscillator (20):	-0.009
Repulse (5,40,3):	0.0130
ROCnROLL:	1
TRIX (15,9):	0.0070
Courbe Coppock:	0.54

MA7:	12.522
MA20:	12.608
MA50:	12.679
MA100:	12.755
MAexp7:	12.492
MAexp20:	12.484
MAexp50:	12.484
MAexp100:	12.506
Price / MA7:	-0.23%
Price / MA20:	-0.91%
Price / MA50:	-1.47%
Price / MA100:	-2.05%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.08%
Price / MAexp50:	+0.08%
Price / MAexp100:	-0.10%

Quotes : - Real time data - Forex

News

The latest news and videos published on CAD/MXN at the time of the analysis were 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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