Indicator | 4H | 1D | 1W |
MACD (12; 26; 9) | Buy | Sell | Sell |
RSI (14) | Sell | Neutral | Neutral |
Stochastic (5; 3) | Sell | Neutral | Buy |
Alligator (13; 8; 5) | Buy | Sell | Sell |
SAR (0.02; 0.2) | Buy | Buy | Sell |
Aggregate | ⇒ | ⇒ | ⇘ |
The US Dollar recently gained massively against the Mexican Peso. That occurred mainly due to the political turmoil around the Mexican Presidential election, which caused a sudden fall in the value of the Peso.
However, the surge was stopped by a resistance line of a speculated ascending channel pattern at the 18.50 mark. Although, the psychological significance of this level might also have played a role.
Due to that reason a descent should be expected. However, the pair is set to face the support of the 200-period SMA and the monthly PP, respectively, at 18.41 and 18.45.