Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.6294. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the US Dollar to Mexican Peso. The pair is expected to rise near the level of 18.7000, from which it is expected to try to fall and develop a bearish trend for the pair with a view to reducing near the level of 18.4200.
USD/MXN forecast Mexican Peso on May 25, 2017
Earlier, a medium strength signal was received for the sale of the pair USD/MXN, by crossing the signal lines at 18.9019. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 18.9500, which indicates a change in the downward trend in favor of the upward trend. Expect to accelerate the fall in USD/MXN quotations, with the breakdown of the local minimum area at 18.5000.