USDMXN

(Last Updated November 26, 2020)

Welcome to the news page for USDMXN (USDMXN). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

If we observe the 90, 30 and 14 day timeframes, we see a downtrend in place for USDMXN.

USDMXN Moving Averages

USDMXN’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 200 are bearish, implying a downward trend, aside from a rally about 6 months prior.

Below is a chart showing USDMXN’s price with its moving averages.

In terms of correlations over the past week for USDMXN, it has been most correlated with USDHKD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to USDMXN is USDNOK. On the flip side, the asset least correlated with USDMXN over the past week has been AUDCAD, but if we observe the prior two weeks, USDJPY has been the asset least correlated with USDMXN. The chart below illustrates USDMXN against its least correlated assets.

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The View From the Weekly Timeframe

Currently, USDMXN’s rate is down -0.1067 (-0.53%) 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. As for the trend on the weekly timeframe, we see the clearest trend on the 5 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. USDMXN’s weekly price action over the past 52 weeks can be seen via the chart below.

USDMXN: The Monthly View

Strongest trend on the 60 month timeframe.