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 08/01/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 13.409 MXN
My targets
13.595 MXN (+0.097)
13.671 MXN (+0.173)
My analysis
The basic trend is bullish on CAD/MXN and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 13.409 MXN. Sellers would then use the next support located at 13.242 MXN as an objective. Crossing it would then enable sellers to target 13.025 MXN. If there is a return to above the resistance located at 13.595 MXN, this would be a sign of a reversal in the basic bullish trend. The next bullish objectives will be 13.671 MXN and 13.942 MXN by extension.

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
2

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:
15 min. Daily Weekly

Additional analysis

Quotes

The CAD/MXN price is 13.498 MXN. The price is lower by -0.04% since the last closing and was between 13.480 MXN and 13.540 MXN. This implies that the price is at +0.13% from its lowest and at -0.31% from its highest.

13.480
13.540
13.498

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

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 for higher/lower results shows the following items:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

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 bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour


Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.025 13.242 13.409 13.498 13.510 13.595 13.671
Change (%) -3.50% -1.90% -0.66% - +0.09% +0.72% +1.28%
Change -0.473 -0.256 -0.089 - +0.012 +0.097 +0.173
Level Minor Intermediate Major - Minor 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
Standard13.11013.26013.38113.53113.65213.80213.923
Camarilla13.42913.45313.47813.50313.52813.55313.578
Woodie13.09713.25313.36813.52413.63913.79513.910
Fibonacci13.26013.36313.42713.53113.63413.69813.802


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.65612.82813.08513.25713.51413.68613.943
Camarilla13.22313.26213.30213.34113.38013.42013.459
Woodie12.69812.84913.12713.27813.55613.70713.985
Fibonacci12.82812.99213.09413.25713.42113.52313.686


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard12.25412.57413.03913.35913.82414.14414.609
Camarilla13.28713.35913.43113.50313.57513.64713.719
Woodie12.32612.61013.11113.39513.89614.18014.681
Fibonacci12.57412.87413.06013.35913.65913.84514.144

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): 48.05
MACD (12,26,9): -0.0040
Directional Movement: 2.335
AROON (14): 100.000
DEMA (21): 13.507
Parabolic SAR (0,02-0,02-0,2): 13.426
Elder Ray (13): 0.007
Super Trend (3,10): 13.606
Zig ZAG (10): 13.500
VORTEX (21): 0.9280
Stochastique (14,3,5): 69.29
TEMA (21): 13.499
Williams %R (14): -41.49
Chande Momentum Oscillator (20): 0.022
Repulse (5,40,3): -0.1770
ROCnROLL: -1
TRIX (15,9): -0.0080
Courbe Coppock: 0.42
MA7: 13.430
MA20: 13.199
MA50: 13.157
MA100: 12.724
MAexp7: 13.508
MAexp20: 13.511
MAexp50: 13.504
MAexp100: 13.455
Price / MA7: +0.51%
Price / MA20: +2.27%
Price / MA50: +2.59%
Price / MA100: +6.08%
Price / MAexp7: -0.07%
Price / MAexp20: -0.10%
Price / MAexp50: -0.04%
Price / MAexp100: +0.32%

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.

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