Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.3903. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the US Dollar to Mexican Peso. It is expected to test the area of signal lines near the level of 18.5500, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 18.2100.
FOREX forecast USD/MXN on May 26, 2017
Earlier, a medium strength signal was received for the sale of the US Dollar to Mexican Peso pair, 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 quotes above the area of 18.8500, 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 18.3000.
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