USD/MXN Continues to Fall Below the 20 Pesos per Dollar LevelOver the past five trading sessions, the USD/MXN pair has declined by more than 2%, as the Mexican peso continues to gain ground against the U.S. dollar. This bullish trend in the peso is partly driven by the ongoing weakness in the U.S. dollar, as reflected in the DXY index, which has fallen to 99
USDMXN BULLISH FOR 27069 PIPS27,069 pips (43.769 USD/MXN) is unrealistic under normal conditions.
A 3,000-5,000 pip move (20.00-22.00) is possible in a crisis scenario.
Monitor Fed policy, Mexico’s politics, and oil prices for clues.
USD/MXN Strong Long USD is looking like it is going for another big move. Looking for 21.80 - 22.15 in the next few days.
R:R is in favor of this trade gl
SL: 19.49
USDMXN Short Trading Plan: Break out Strategy## Entry
- Enter short when price breaks and closes below major support
- Optional: wait for retest of broken support before entry
- Price below moving averages
## Stop Loss
- Swing high above broken support
- Risk maximum 2% of capital
## Take Profit
- TP1: Previous swing low (30% position)
- TP2
USDMXN ShortUSDMXN is now net short on the regression break.
I am considering my EA options to take a trade in this pair.
USD/MXN Outlook Mired by Failure to Test Yearly HighUSD/MXN is under pressure following the failed attempt to test the yearly high (21.2943).
USD/MXN snaps the range bound price action from last week, and a move/close below the 19.8990 (38.2% Fibonacci retracement) to 20.0120 (38.2% Fibonacci extension) zone may lead to a test of the monthly low (19
USD/MXN Rebound Stalls Ahead of March HighThe recent rebound in USD/MXN appears to be stalling ahead of the March high (20.9997) as it fails to extend the series of higher highs and lows carried over from last week.
In turn, USD/MXN may consolidate over the coming days as it holds below the weekly high (20.5430), and a close below 20.3200
USDMXN LongUSDMXN is now net long the regression break.
At all time highs, I will not take this trade.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of MXNUSD is 0.051182 USD — it has decreased by −0.15% in the past 24 hours. See more of MXNUSD rate dynamics on the detailed chart.
The value of the MXNUSD pair is quoted as 1 MXN per x USD. For example, if the pair is trading at 1.50, it means it takes 1.5 USD to buy 1 MXN.
The term volatility describes the risk related to the changes in an asset's value. MXNUSD has the volatility rating of 0.38%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The MXNUSD showed a 0.96% rise over the past week, the month change is a 3.90% rise, and over the last year it has decreased by −12.20%. Track live rate changes on the MXNUSD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade MXNUSD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with MXNUSD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the MXNUSD shows the neutral signal, and 1 month rating is sell. See more of MXNUSD technicals for a more comprehensive analysis.