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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 03/28/2024 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 12.212 MXN
My targets
12.316 MXN (+0.043)
12.421 MXN (+0.148)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CAD/MXN as long as the price remains well above 12.212 MXN. The buyers' bullish objective is set at 12.316 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.421 MXN. If there is any crossing, the next objective would be the resistance located at 12.491 MXN.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7

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 rating is 12.273 MXN. The price has increased by +0.66% since the last closing and was traded between 12.181 MXN and 12.294 MXN over the period. The price is currently at +0.76% from its lowest and -0.17% from its highest.

12.181
12.294
12.273

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CAD/MXN:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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 bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

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 a result that can have an impact on the price change:

Central Patterns

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour



No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 11.700 12.149 12.212 12.273 12.316 12.421 12.491
Change (%) -4.67% -1.01% -0.50% - +0.35% +1.21% +1.78%
Change -0.573 -0.124 -0.061 - +0.043 +0.148 +0.218
Level Major Intermediate Minor - Intermediate 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
Standard12.02412.08612.14012.20212.25612.31812.372
Camarilla12.16112.17212.18212.19312.20412.21412.225
Woodie12.01912.08412.13512.20012.25112.31612.367
Fibonacci12.08612.13112.15812.20212.24712.27412.318


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.03312.16112.23512.36312.43712.56512.639
Camarilla12.25412.27212.29112.30912.32812.34612.365
Woodie12.00612.14812.20812.35012.41012.55212.612
Fibonacci12.16112.23812.28612.36312.44012.48812.565


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.17812.36612.46612.65412.75412.94213.042
Camarilla12.48712.51312.54012.56612.59212.61912.645
Woodie12.13412.34412.42212.63212.71012.92012.998
Fibonacci12.36612.47612.54412.65412.76412.83212.942

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): 68.37
MACD (12,26,9): 0.0180
Directional Movement: 22.122
AROON (14): 78.571
DEMA (21): 12.259
Parabolic SAR (0,02-0,02-0,2): 12.259
Elder Ray (13): 0.032
Super Trend (3,10): 12.223
Zig ZAG (10): 12.277
VORTEX (21): 1.2230
Stochastique (14,3,5): 84.49
TEMA (21): 12.281
Williams %R (14): -16.81
Chande Momentum Oscillator (20): 0.084
Repulse (5,40,3): -0.0050
ROCnROLL: 1
TRIX (15,9): 0.0110
Courbe Coppock: 1.27
MA7: 12.296
MA20: 12.395
MA50: 12.576
MA100: 12.649
MAexp7: 12.266
MAexp20: 12.240
MAexp50: 12.236
MAexp100: 12.260
Price / MA7: -0.19%
Price / MA20: -0.98%
Price / MA50: -2.41%
Price / MA100: -2.97%
Price / MAexp7: +0.06%
Price / MAexp20: +0.27%
Price / MAexp50: +0.30%
Price / MAexp100: +0.11%

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:

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

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