The currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 19.1603. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the US Dollar Mexican peso pair. It is expected to test the area of signal lines near the level of 19.0400, then we should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 19.3500.
Ichimoku Kinko Hyo USD/MXN prediction on May 10, 2017
Earlier, a medium strength signal was received for purchases of the US Dollar Mexican peso pair, due to the intersection of the signal lines at the level of 18.8901. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 18.9000, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations USD/MXN stands with the breakdown of the local maximum area at the level of 19.2600.
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