FX:USDMXN   U.S. Dollar / Mexican Peso
74 0 7
The short squeeze in Oil             looks like it's over. The Mexican Peso is highly influenced by the price of Oil             .

On the weekly chart the price stands at value after a huge rally, while the impulse is still red. A blue impulse would be the final confirmation.

Going to the daily chart , I see a few patterns that are worth mentioning. After a bearish divergence back in February, the Mexican Peso gained ground, returning at the last consolidation area on the chart. This is a normal occurrence in uptrends or downtrends. Besides the bigger price action, there is a histogram divergence, a bullish candle, and green impulse, all around a small double bottom with a false breakout.

I would look for 19, with a stop around 17.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out