| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The USD/MXN currency pair continued to trade within the falling wedge pattern.
From a theoretical point of view, it is likely that the exchange rate could move within the predetermined pattern until the middle of February. Then, a breakout north could follow, and the rate could re-test the Fibo 50.00% at 21.70.
In the meantime, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages. Thus, a breakout south could occur, and the pair cold decline to the 18.00 mark.