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 10/30/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 14.462 MXN

My targets

14.639 MXN (+0.120)

14.772 MXN (+0.253)

My analysis

CAD/MXN is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 14.462 MXN. The next resistance located at 14.639 MXN is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14.772 MXN. After this resistance, buyers could then target 15.929 MXN. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.8

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

CAD/MXN rating 14.519 MXN. The price has increased by +0.74% since the last closing with the lowest point at 14.381 MXN and the highest point at 14.535 MXN. The deviation from the price is +0.96% for the low point and -0.11% for the high point.

14.381

14.535

14.519

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 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

Technical analysis of this 1H chart of CAD/MXN indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

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

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.345	14.437	14.462	14.519	14.522	14.772	15.929
Change (%)	-1.20%	-0.56%	-0.39%	-	+0.02%	+1.74%	+9.71%
Change	-0.174	-0.082	-0.057	-	+0.003	+0.253	+1.410
Level	Intermediate	Intermediate	Minor	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.257	14.301	14.357	14.401	14.457	14.501	14.557
Camarilla	14.386	14.395	14.404	14.413	14.422	14.431	14.441
Woodie	14.263	14.304	14.363	14.404	14.463	14.504	14.563
Fibonacci	14.301	14.339	14.363	14.401	14.439	14.463	14.501

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	14.037	14.161	14.276	14.400	14.515	14.639	14.754
Camarilla	14.326	14.348	14.370	14.392	14.414	14.436	14.458
Woodie	14.034	14.159	14.273	14.398	14.512	14.637	14.751
Fibonacci	14.161	14.252	14.308	14.400	14.491	14.547	14.639

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.210	13.621	14.086	14.497	14.962	15.373	15.838
Camarilla	14.309	14.389	14.470	14.550	14.630	14.711	14.791
Woodie	13.236	13.635	14.112	14.511	14.988	15.387	15.864
Fibonacci	13.621	13.956	14.163	14.497	14.832	15.039	15.373

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):	68.97
MACD (12,26,9):	0.0190
Directional Movement:	17.024
AROON (14):	28.571
DEMA (21):	14.462
Parabolic SAR (0,02-0,02-0,2):	14.409
Elder Ray (13):	0.047
Super Trend (3,10):	14.404
Zig ZAG (10):	14.493
VORTEX (21):	1.1240
Stochastique (14,3,5):	78.35
TEMA (21):	14.475
Williams %R (14):	-18.25
Chande Momentum Oscillator (20):	0.082
Repulse (5,40,3):	0.1460
ROCnROLL:	1
TRIX (15,9):	0.0090
Courbe Coppock:	0.71

MA7:	14.402
MA20:	14.303
MA50:	14.411
MA100:	13.924
MAexp7:	14.470
MAexp20:	14.441
MAexp50:	14.420
MAexp100:	14.406
Price / MA7:	+0.81%
Price / MA20:	+1.51%
Price / MA50:	+0.75%
Price / MA100:	+4.27%
Price / MAexp7:	+0.34%
Price / MAexp20:	+0.54%
Price / MAexp50:	+0.69%
Price / MAexp100:	+0.78%

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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Londinia AI

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