| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Neutral | Buy | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
During the past four weeks, the US Dollar has depreciated substantially against the Mexican Peso. After reaching its highest mark since early March at 19.90, the pair initiated a new wave down and eventually breached a six-month ascending channel mid-January. At the time of this analysis, the Greenback was trading near the 18.55 mark.
During the past two sessions, the rate has been trading sideways, thus suggesting that the bearish sentiment could allay soon and lead it towards the upper channel boundary circa 18.90. A breakout of the 55– and 100-hour SMAs could work as an early indication for a period of appreciation.
Meanwhile, technical indicators still flash bearish signals for this session, demonstrating that the 55-hour moving average should limit any attempts to overcome the 18.65 mark. In case bears prevail, the subsequent fall could not be long-lasting, as the weekly S1 and a three-month low are located nearby circa 18.45.