Currency pair US Dollar to Mexican Peso USD/MXN finished the trading week at the level of 18.1608. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the pair Dollar/Mexican Peso. It is expected to test the area of signal lines near the level of 18.6100, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 17.5300.
USD/MXN weekly forecast June 12 — 16, 2017
Previously, a strong signal was received for the sale of the US Dollar Mexican Peso, due to the crossing of the signal lines at the level of 18.8780. 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 19.0000, which will indicate 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 the level of 17.8300.