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

USD/MXN 4 Hour Price Update

Updated March 25, 2020 01:42 PM GMT (09:42 AM EST)

USD/MXN is down 138 pips (0.06%) since the last 4 hour candle (opening the current 4 hour candle near 24.5732), marking the 2nd candle in a row a decline has happened. Out of the 40 instruments in the Forex asset class, USD/MXN ended up ranking 23rd for the four-hour candle in terms of price change.

USD/MXN End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/MXN is down 568 pips (0.23%) since the previous day (opening today near 24.7803), marking the 2nd day in a row a decrease has occurred. Compared to its peers in the Forex, USD/MXN gave its buyers a return that ranked 38th in terms of percentage change since the previous day. Below is a price chart of USD/MXN.

USD/MXN Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days USD/MXN’s price has gone up 22 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on USDMXN, with 1 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 0.25, which is bearish. Here’s a piece we found on that we thought you might enjoy.