TAG: MXN/USD
USD/MXN Analysis: Lower Value Begins to Demonstrate Solid Fortitude
The USD/MXN has demonstrated a solid amount of bearishness, as it has reversed in a steady fashion and has correlated with the global Forex market as optimism grows about the Fed becoming dovish.The USD/MXN exchange rate early last week fought off reversa...
1 month ago
USD/MXN Forecast: US Dollar Continues to See Strength Against Mexican Peso
The US dollar has rallied a bit during the course of the trading session on Wednesday against the Mexican peso, but I think you’ve got a situation where traders will continue to see a lot of noisy behavior, and therefore I think you’ve got a situation whe...
1 month ago
USD/MXN Analysis: Uncorrelated Nervous Rise Points to Anxious Traders
The USD/MXN suffered nervous trading all of last week, and as the USD got weaker against many major currencies the Mexican Peso didn’t have the same reaction.The USD/MXN pair is trading near the 19.22330 mark as of this writing. Last Monday the USD/MXN be...
1 month ago
USD/MXN Monthly Forecast: September 2024
The US dollar has shot straight up in the air like a rocket against the Mexican peso during the month of August, as we are threatening to break above the 20 pesos level.This is an area that has a lot of psychology attached to it as well as a lot of previo...
1 month ago
USD/MXN Forecast: US Dollar Pulls Back Against Mexican Peso on Friday
The US dollar has pulled back a bit against the Mexican peso during the trading session on Friday, as the 20 MXN level continues to be a bit difficult.This of course is a large, round, psychologically significant figure, and a region that the markets will...
1 month ago
USD/MXN Analysis: Coming Debate will Increase Noise and Nervousness
The USD/MXN has maintained its surge higher and traders of the currency pair who have been pursuing buying positions have likely seen reasonable profits.The USD/MXN currency pair while experiencing lower trading volume yesterday because of the U.S holiday...
1 month ago
USD/MXN Analysis: Negative Sentiment Escape Speculatively Difficult
The USD/MXN is not only continuing to trade near the 20.00000 ratio, but it has shown the ability to traverse above the important psychological level the past week.Traders who believe the USD/MXN exchange rate is in overbought territory cannot be faulted....
1 month ago