Currency pair US Dollar to Mexican Peso USD/MXN completes trading week at 18.7013. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair US Dollar to Mexican Peso USD/MXN. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 18.8400, from which one should expect an attempt to fall and develop a bearish trend for the pair with the target of lowering near the level 18.0000.
USD/MXN forecast Mexican Peso on May 22 — 26, 2017
Earlier, we received a weak signal for buy of the pair US Dollar to Mexican Peso USD/MXN, due to the crossing of the signal lines at the level 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 quotes above the area of 19.5000, which indicates 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 18.2700.
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