| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The USD/MXN currency pair has been trading downwards within a descending channel since the beginning of July.
From a theoretical point of view, it is likely that some downside potential could continue to prevail in the market, and the exchange rate could continue to decline within the given channel.
In the meantime, note that the currency pair could gain support from the Fibo 50.00% and the monthly S1 at 21.70. Thus, a reversal north could occur, and the pair could target the Fibo 23.60% at 23.65.