| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
The USD/MXN currency pair has been trading downwards within a descending channel since the end of September.
From a theoretical perspective, it is likely that the exchange rate could continue to decline within the given channel in the nearest future. The rate could target the psychological level at 20.00.
In the meantime, note that the currency pair could gains support from the monthly S1 at the 21.08 mark. Thus, a breakout north could occur, and the pair could re-test the Fibo 38.20% at 22.57.