USD/MXN Up 139 Pips in Last 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

USD/MXN 4 Hour Price Update

Updated May 12, 2020 12:51 AM GMT (08:51 PM EST)

USD/MXN is up 139 pips (0.06%) since the last 4 hour candle (opening the current 4 hour candle near 23.917), marking the 2nd candle in a row an upward move has occurred. Relative to other instruments in the Forex asset class, USD/MXN ranked 7th the last 4 hour candle in terms of percentage price change.

USD/MXN End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for USD/MXN, which started today off at 23.90769, down 248 pips 0.1% from yesterday. Relative to other instruments in the Forex asset class, USD/MXN ranked 35th yesterday in terms of percentage price change. Below is a price chart of USD/MXN.

USD/MXN Technical Analysis

Coming into today USD/MXN is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days USD/MXN’s price has gone down 6 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDMXN; just 2 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com that we thought you might enjoy.