USDMXN Down 110 Pips Over Past Hour, Tops All Forex; 3 Day Down Streak Broken
Or to simplify this another way, note that out of the past 14 days usdmxn’s price has gone down 8 them.
USDMXN
(Last Updated January 18, 2021)
Hello! This is the news page for 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 Foreign Bond Investment | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Net Long-Term Tic Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Overall Net Capital Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Joe Biden’s Inauguration | NA | US Dollar | USD | 2021-01-20 | 00:00 GMT | ||
| United States NAHB Housing Market Index | Jan 2021 | US Dollar | USD | 2021-01-20 | 15:00 GMT | 86 |
The Trend
On USDMXN, we don’t see a clear trend until the 90 day basis, where we see a clear downtrend.
USDMXN Moving Averages
USDMXN’s moving averages suggest the trend on a number of time horizons is bearish.
Below is a chart showing USDMXN’s price with its moving averages.
In terms of correlations over the past week for USDMXN, it has demonstrated the strongest correlation with GBPCHF. Over the past 14 days, however, GBPUSD is the asset most correlated to USDMXN. On the flip side, the asset least correlated with USDMXN over the past week has been NZDCAD, but if we observe the prior two weeks, USDZAR 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 -1994 pips (-1%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. 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. The weekly chart below shows USDMXN’s price action over the past year.
USDMXN: The Monthly View
Strongest trend on the 60 month timeframe.
USD/MXN Up 158 Pips Over Past Hour, Moves Down For the 3rd Straight Day; in a Downtrend Over Past 90 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
USDMXN Up 10 Pips in Last Hour, Tops All Forex; 3 Day Down Streak Ended
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
USDMXN Down 372 Pips On Hourly Chart; Fares the Worst Out of Forex
Price action traders may also wish to note that we see a doji candlestick pattern on usdmxn.
USDMXN Up 509 Pips in Last Hour; in a Downtrend Over Past 90 Days
It’s been a feast for bulls operating on an hourly timeframe, as usdmxn has now gone up 4 of the past 5 hours.
USDMXN Up 347 Pips Over Past Hour; in a Downtrend Over Past 90 Days
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
USDMXN Up 65 Pips in Last Hour, Price Base in Formation Over Past 30 Days; Doji Pattern Appearing on Chart
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 Up 235 Pips On Hourly Chart, Makes Big Move Relative to Past Month; Breaks Below 20 Day Average
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
USDMXN Down 94 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
USDMXN Up 30 Pips Over Past Hour, Makes Big Move Relative to Past Month; 2 Day Down Streak Broken
This is a reversal of the price action on the previous hour, in which price moved down.