Currency pair US Dollar to Mexican Peso USD/MXN is trading at the level of 18.5275. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the currency pair USD/MXN. Ichimoku Kinko Hyo near the level 18.6300 is expected to test the lower boundary of the region, from which one should expect an attempt to fall and develop a bearish tendency for the pair to reduce near the level of 18.2300.
USD/MXN forecast Mexican Peso on May 31, 2017
Earlier, a medium strength signal was received for the sale of the currency pair US Dollar to Mexican Peso, due to the crossing of the signal lines at 18.9019. The cancellation of the fall of the pair quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 18.8300, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in USD/MXN quotations with a breakdown of the local minimum area at 18.3400.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
