| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
[ANNOUNCE] The US Dollar has been depreciating gradually against the Mexican Peso since the beginning of March. This movement has been bounded in the descending triangle pattern. [/ANNOUNCE]
As apparent on the chart, the currency pair has already reversed north from the lower pattern line at 18.76. From a theoretical point of view, the pair should target the upper triangle boundary located in the 19.20/19.30 range.
However, this advance might not be immediate, as the currency pair has to surpass the resistance formed by the 200-hour SMA, currently located at 18.94. Also, important level to look out for is the Fibonacci 38.10% retracement at 19.21.