Currency pair US Dollar to Mexican Peso USD/MXN is trading at 18.0261. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair US Dollar/Mexican Peso. The pair USD/MXN is expected to close near the level of 18.1500, from which it is expected to try to fall and develop the bearish tendency for the pair US Dollar/Mexican Peso in order to decrease near the level of 17.7300.
Mexican Peso forecast USD/MXN on June 16, 2017
Earlier, a medium strength signal was received for the sale of the pair US DollarMexican Peso, by crossing the signal lines at level 18.6030. 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 18.4200, 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 the breakdown of the local minimum area at the level of 17.8000.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
