| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Sell |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The USD/MXN currency pair has been trading within a descending triangle pattern since the end of April. The pair pierced the lower pattern line at 23.66 and resumed to trade within the given pattern.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages in the 24.00 area. Thus, some downside potential could prevail in the market.
However, the expected decline might not be immediate, as the rate could gain support from the monthly S1, S2 and S3, located at 23.08, 21.96 and 20.60 respectively.