Currency pair USD/MXN US Dollar Mexican Peso is trading at the level of 18.59. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the US Dollar/Mexican Peso. Ichimoku Kinko Hyo Cloud is expected to test near the level of 18.65, from which it is expected to attempt a rebound and continue falling of the pair with a target near the level of 18.35.
Mexican Peso forecast USD/MXN on February 21, 2018
Earlier, a weak signal was received for the sell of the pair USD/MXN, due to the crossing of the signal lines at the level of 18.75. 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 quotes above the area of 18.74, indicating a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/MXN quotations with a breakdown of the bottom of the uplink and a close below the level of 18.40.