Currency pair US Dollar to Mexican Peso USD/MXN completes trading week at 18.8519. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in the US Dollar Mexican Peso pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 18.9700, from where one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 18.0000.
USD/MXN forecast Mexican Peso on May 15 — 19, 2017
Earlier, we received a weak signal for purchases of the US Dollar to Mexican Peso pair, due to the intersection of the signal lines at the level of 18.8520. 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 quotations above the area of 19.6000, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in USD/MXN quotes with a breakdown of the local minimum area at 18.4000.
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