Technical Analysis of USD MXN

Do you notice the similarity between these two charts? As both currencies are equally weak against the USD, the Russian ruble and the Mexican peso are following almost identical patterns. For both, we have local resistance that sent the price downwards. For USD/RUB – it’s at 75.60; for USD/MXN – 20....

Impression Have a look at this layout: USD/MXN crossed all the MAs to reach 20.00. Looks spectacular to suggest a tactical trend change, doesn't it? Well, most probably it's not. As we pointed out in the previous article on exotics (https://bit.ly/2Yaufc5), these currencies are notably volatile and ...

Here are the main exotic currencies offered by FBS in MetaTrader: the Turkish lira, Brazilian real, Mexican Peso, Russian Ruble, South African Rand. Most of them are regional, relatively weak currencies. That’s why, against the USD, they can’t do anything but depreciate – for years. That brings mane...

For Traders Forex Analysis Technical analysis 16.09.202006:46 USD/MXN Price Movement On Sept 16, 2020. Relevance up to 06:00 2020-09-18 UTC+2 On the 4 hour chart, we can see that the USD/MXN is trading wit the bearish bias. It may decline to the first target at the 20.955 level an...

Technical view On the daily chart below we see a gradual – with the exception of May-June – descent of the USD against the MXN. As the crisis kicked in, USD/MXN leaped to 25.50 in March, and since then has been sliding down. Currently, it trades below 21.40 flirting with June low and appearing prett...

Relevance up to 05:00 2020-07-29 UTC+2 On the 4-hour chart, we see the USD/MXN pair is trying to reach the 22.239 level. If the bearish momentum is strong, the currency is likely to reach the 22.149 level as long as this pair does not retrace upwards and closes above the 22.619 level. If this leve....

The optimistic vibes of the end of May/beginning of June made investors lose interest in the USD. That made it lose value against risky currencies such as the MXN and the TRY. Eventually, the USD got back to power when the optimism got exhausted after the first week of June. Consequently, USD/MXN an...

The confusion created by the Sino-American relations coupled with virus-related economic factors pushed the USD to rise against some currencies and lose against the others in today’s session. Let’s see a technical disposition in the most interesting cases so you can set your trades accordingly. USD/...

Technicals On the H4 chart of the USD/MXN, the USD lost its value to drop below the Moving Averages. It trades slightly above the tactical support of 23.07 and appears to be going in consolidation at that level.   The picture with the USD/ZAR is almost identical: the price drops below the Moving Ave...

Key indicators Performance in 2020: +20% Last day range: 22.45 – 22.83 52-week range: 18.51 – 23.06 What’s happening? Even if you open a monthly chart, you will not be able to link the current position of the USD/MXN to any point before. Trading at 22.60, this currency pair is at the all-time highs....

Key indicators Performance in 2020: -2% Last day range: 18.5657 – 18.6048 52-week range: 18.5680 - 20.2528 What’s happening? The USD trades at 18.5740 against the Mexican peso – that's the lowest the USD/MXN has been to since October 2018. Wait. Peso? Yes, the Mexican peso. Unfortunately, time and i...

The USD/MXN pair remains trading above the 200 SMA and it’s approaching a key offer zone, which should activate sell orders in a short-term basis. The resistance level of 18.74, which is a Fibonacci area of 65%, could provide the enough momentum to the upside in order for the pair to resume the bear...