Londinia Opportunities Analyses - 11/26/2024 (GMT) CAD/MXN - 1H
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 14.632 MXN
My targets
14.772 MXN (+0.070)
14.899 MXN (+0.197)
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 14.632 MXN. The buyers' bullish objective is set at 14.772 MXN. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.899 MXN. If there is any crossing, the next objective would be the resistance located at 15.929 MXN. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.8
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Additional analysis
Quotes
The CAD/MXN price is 14.702 MXN. The price has increased by +0.62% since the last closing and was between 14.516 MXN and 14.796 MXN. This implies that the price is at +1.28% from its lowest and at -0.64% from its highest.14.516
14.796
14.702
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
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 CAD/MXN in 1H shows a strongly overall 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 positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.531 | 14.632 | 14.701 | 14.702 | 14.772 | 15.929 | 16.646 |
| Change (%) | -1.16% | -0.48% | -0.01% | - | +0.48% | +8.35% | +13.22% |
| Change | -0.171 | -0.070 | -0.001 | - | +0.070 | +1.227 | +1.944 |
| Level | Intermediate | Intermediate | Intermediate | - | 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 | 14.298 | 14.380 | 14.496 | 14.578 | 14.694 | 14.776 | 14.892 |
| Camarilla | 14.558 | 14.576 | 14.594 | 14.612 | 14.630 | 14.648 | 14.667 |
| Woodie | 14.315 | 14.389 | 14.513 | 14.587 | 14.711 | 14.785 | 14.909 |
| Fibonacci | 14.380 | 14.456 | 14.502 | 14.578 | 14.654 | 14.700 | 14.776 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.080 | 14.221 | 14.419 | 14.560 | 14.758 | 14.899 | 15.097 |
| Camarilla | 14.524 | 14.555 | 14.586 | 14.617 | 14.648 | 14.679 | 14.710 |
| Woodie | 14.109 | 14.235 | 14.448 | 14.574 | 14.787 | 14.913 | 15.126 |
| Fibonacci | 14.221 | 14.351 | 14.431 | 14.560 | 14.690 | 14.770 | 14.899 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.277 | 13.612 | 14.002 | 14.337 | 14.727 | 15.062 | 15.452 |
| Camarilla | 14.192 | 14.258 | 14.325 | 14.391 | 14.458 | 14.524 | 14.590 |
| Woodie | 13.304 | 13.626 | 14.029 | 14.351 | 14.754 | 15.076 | 15.479 |
| Fibonacci | 13.612 | 13.889 | 14.060 | 14.337 | 14.614 | 14.785 | 15.062 |
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): | 63.27 | |
| MACD (12,26,9): | 0.0360 | |
| Directional Movement: | 21.707 | |
| AROON (14): | 42.857 | |
| DEMA (21): | 14.663 | |
| Parabolic SAR (0,02-0,02-0,2): | 14.546 | |
| Elder Ray (13): | 0.104 | |
| Super Trend (3,10): | 14.597 | |
| Zig ZAG (10): | 14.719 | |
| VORTEX (21): | 1.1730 | |
| Stochastique (14,3,5): | 85.13 | |
| TEMA (21): | 14.701 | |
| Williams %R (14): | -26.43 | |
| Chande Momentum Oscillator (20): | 0.123 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0140 | |
| Courbe Coppock: | 1.32 |
| MA7: | 14.556 | |
| MA20: | 14.533 | |
| MA50: | 14.417 | |
| MA100: | 14.151 | |
| MAexp7: | 14.684 | |
| MAexp20: | 14.625 | |
| MAexp50: | 14.599 | |
| MAexp100: | 14.583 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | +1.16% | |
| Price / MA50: | +1.98% | |
| Price / MA100: | +3.89% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.52% | |
| Price / MAexp50: | +0.70% | |
| Price / MAexp100: | +0.81% |
Quotes :
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Real time data
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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