The Currency pair US Dollar Mexican peso USD/MXN is trading at the level of 18.7606. The pair continues to trade below the lower limit of the Ichimoku Cloud, which indicates a downward trend in the US Dollar Mexican peso pair. It is expected to test the area of signal lines near the level of 19.0000, from which one should expect an attempt to fall and develop a bearish trend for this pair with the aim of increasing the level of 18.6000.
Ichimoku Kinko Hyo forecast USD/MXN on March 28, 2017
Previously, a strong signal was received for the sale of the US Dollar Mexican Peso pair, due to the crossing of the signal lines at the level of 19.1500. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 19.4300, indicating that the downward trend is reversing in favor of the ascending trend. Expect to accelerate the fall in USD/MXN quotes, with a breakdown of the local minimum area at 18.6500.