USD/MXN Up 437 Pips in Last 4 Hours, 3 Day Down Streak Snapped; Doji and Pin Bar Patterns Appearing on Chart
This imputes a buy/sell ratio of 1.5, which is bullish.
USDMXN
(Last Updated April 7, 2020)
Hello! This is the news page for USDMXN. Below you’ll find our daily market updates. Here’s a summary of where things currently stand:
The Latest News On Trends by Moving Averages
Here is what the moving averages are indicating about the trend in the rate of USDMXN:
20 Day Moving Average Direction: bullish
50 Day Moving Average Direction: bullish
100 Day Moving Average Direction: bullish
200 Day Moving Average Direction: bullish
How the Current USDMXN Rate Fares Relative to the Past Year?
The exchange rate for USDMXN closed yesterday at 24.554. That means that relative to the past year, the rate of USDMXN is now closer to its 52 week high (25.80467) than its 52 week low (currently at 18.5225).To dig deeper and get the latest news on USDMXN, try the links below. You can also visit the MarketWatch or Investing.com pages on USDMXN for more news as well.
USD/MXN Up 2970 Pips Over Past 4 Hours, 3 Day Down Streak Broken; Doji and Pin Bar Patterns Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
USD/MXN Down 3964 Pips On 4 Hour Chart, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
USD/MXN Down 1497 Pips Over Past 4 Hours, Moves Up For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days usd/mxn’s price has gone up 20 them.
USD/MXN Down 1365 Pips Over Past 4 Hours, Moves Down For the 3rd Day In A Row; in an Uptrend Over Past 30 Days
This imputes a buy/sell ratio of 0.25, which is bearish.
USD/MXN Up 892 Pips Over Past 4 Hours, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 6 out of the past 10 days.
USD/MXN Up 141 Pips Over Past 4 Hours, Came Into Today Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 0, which is quite bearish.
USD/MXN Up 2068 Pips Over Past 4 Hours, Outperforms All Forex; 3 Day Down Streak Ended
This imputes a buy/sell ratio of 0, which is quite bearish.
USD/MXN Up 1427 Pips Over Past 4 Hours, Moves Up For the 2nd Day In A Row; Price Base in Formation Over Past 14 Days
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
USD/MXN Down 138 Pips Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
Or to simplify this another way, note that out of the past 30 days usd/mxn’s price has gone up 22 them.