USDMXN 14 Nov-18 Nov Weekly FORECAST

The trend for this pair is still bullish. However there has been some consolidation of price recently

Economic news

Mexico will release news on interest rate decision on Thursday . Economic calendar

USDMXN Daily

USD has remained strong over Peso, the trend is bullish with price far above 200EMA. The trendline will likely act as support when price approaches it.

USDMXN H4

Price is seen to be consolidating in a form of triangle. 21 and 55 MA suggest that the speed of the market is very strong to upside. The opportunity is to buy a breakout to the upside.

USDMXN H1

On a lower time frame, price is approaching the end of triangle, a breakout is eminent. One needs to wait for a breakout and buy the retracement thereof .