Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.7283. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair US Dollar to Mexican Peso. The pair is expected to rise near the level of 18.8400, from which it is expected to try to fall and develop a bearish trend for a pair with a view to lower near the level of 18.5200.
USD/MXN forecast Mexican Peso on May 16, 2017
Earlier, a weak signal was received for the sale of the pair US Dollar to Mexican Peso, due to the crossing of the signal lines at the level of 19.0715. 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 19.0000, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/MXN quotes, with a breakdown of the local minimum area at 18.6000.
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