USDMXN Down 66 Pips Over Past Hour; is Inching Close to 50 and 200 Day Averages
The closest is the 50 day average, which is 334.6 pips away.
USDMXN
(Last Updated April 15, 2021)
Welcome to the news page for USDMXN (USDMXN). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for USDMXN
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United States Philadelphia Fed Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 42 | 50.2 |
| United States NY Empire State Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 19.5 | 26.3 |
| United States Retail Sales MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5.9% | 9.8% |
| United States Retail Sales Ex Autos MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5% | 8.4% |
| United States Continuing Jobless Claims | 03/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 3700K | 3731K |
The Trend
As for trends on USDMXN, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
USDMXN Moving Averages
USDMXN’s moving averages suggest the trend on a number of time horizons is bearish. Moreover, today we saw the 100 moving average turn bearish.
The chart below illustrates.
As for assets in the Forex asset class USDMXN has been correlated to over the past week, it has been most correlated with GBPJPY. Over the past 14 days, however, USDZAR is the asset most correlated to USDMXN. On the flip side, ZARJPY has been the asset least correlated with USDMXN — but over the past two weeks, AUDCAD has been the asset least correlated with USDMXN. The chart below illustrates USDMXN against its least correlated assets.
.
The View From the Weekly Timeframe
At the time of this writing, USDMXN’s rate is down -698 pips (-0.35%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as USDMXN has now gone down 4 of the past 5 weeks. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. USDMXN’s weekly price action over the past 52 weeks can be seen via the chart below.
USDMXN: The Monthly View
Clearest trend on the monthly is apparent at the 120 month timeframe.
USDMXN Up 116 Pips in Last Hour, in an Uptrend Over Past 30 Days; is Inching Close to 50 and 200 Day Averages
Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
USDMXN Down 16 Pips Over Past Hour, in an Uptrend Over Past 30 Days; Eyes 20 Day Average
Volatility for usdmxn has been contracting over the past two weeks relative to volatility over the past month.
USDMXN Up 403 Pips in Last Hour, Crosses 20 Day Moving Average; in an Uptrend Over Past 30 Days
Volatility for usdmxn has been contracting over the past two weeks relative to volatility over the past month.
USDMXN Down 118 Pips On Hourly Chart, Came Into Today Down For the 3rd Consecutive Day; in an Uptrend Over Past 30 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USDMXN Up 61 Pips Over Past Hour, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USDMXN Down 81 Pips On Hourly Chart, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 30 Days
Relative to other instruments in the forex asset class, usdmxn ranked 8th the day prior in terms of percentage price change.
USDMXN Down 18 Pips in Last Hour; in an Uptrend Over Past 30 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
USDMXN Up 533 Pips On Hourly Chart, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USD/MXN Up 180 Pips On Hourly Chart; Came Into Today Up For the 4th Consecutive Day
Relative to other instruments in the forex asset class, usdmxn ranked 2nd yesterday in terms of percentage price change.