EUR/MXN – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 21.9228 is resistance

EUR/MXN - Currency exchange rate forecast 23.08.2019: the downside prevails as long as 21.9228 is resistance

Alternative scenario: the upside breakout of 21.9228 would call for 21.9796 and 22.0134.

Our pivot point stands at 21.9228.

Our preference: the downside prevails as long as 21.9228 is resistance.

Alternative scenario: the upside breakout of 21.9228, would call for 21.9796 and 22.0134.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 21.9148 and 21.9142).

Supports and resistances:

22.0134 **

21.9796 *

21.9228 **

21.9005

21.8748 last

21.8037

21.7699 **

21.7361 *

21.7024 **

EUR/MXN Currency exchange rate forecast 16.08.2019: the downside prevails as long as 21.7934 is resistance

EUR/MXN Currency exchange rate forecast 16.08.2019: the downside prevails as long as 21.7934 is resistance

Alternative scenario: the upside breakout of 21.7934 would call for 21.8498 and 21.8834.

Our pivot point is at 21.7934.

Our preference: the downside prevails as long as 21.7934 is resistance.

Alternative scenario: the upside breakout of 21.7934, would call for 21.8498 and 21.8834.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 21.7805 and 21.8344).

Supports and resistances:

21.8834 **

21.8498 *

21.7934 **

21.7712

21.7472 last

21.6764

21.6428 **

21.6092 *

21.5756 **

EUR/MXN Currency exchange rate forecast 15.08.2019: above its upper Bollinger band

EUR/MXN Currency exchange rate forecast 15.08.2019: above its upper Bollinger band

The MACD is positive and above its signal line.

Our pivot point is at 21.8660.

Our preference: the upside prevails as long as 21.8660 is support.

Alternative scenario: the downside breakout of 21.8660 would call for 21.8091 and 21.7752.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 21.8933 and 21.8755). Finally, the EUR/MXN has crossed above its upper Bollinger band (21.9335).

Supports and resistances:

22.1303 **

22.0963 *

22.0624 **

22.0285

21.9494 last

21.8883

21.8660 **

21.8091 *

21.7752 **

EUR/MXN Currency exchange rate forecast 12.08.2019: the RSI is overbought

EUR/MXN Currency exchange rate forecast 12.08.2019: the RSI is overbought

The MACD is above its signal line and positive.

22.0641 is our pivot point.

Our preference: the upside prevails as long as 22.0641 is support.

Alternative scenario: the downside breakout of 22.0641 would call for 22.0067 and 21.9726.

Comment: the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 21.8934 and 21.8122). Finally, the EUR/MXN is trading above its upper Bollinger band (standing at 22.1010).

Supports and resistances:

22.2854 **

22.2513 *

22.2171 **

22.1829

22.1093 last

22.0867

22.0641 **

22.0067 *

21.9726 **

EUR/MXN – Currency exchange rate forecast 10.05.2019: below its lower Bollinger band

EUR/MXN - Currency exchange rate forecast 10.05.2019: below its lower Bollinger band

Alternative scenario: the upside breakout of 21.5601 would call for 21.6159 and 21.6492.

Our pivot point is at 21.5601.

Our preference: the downside prevails as long as 21.5601 is resistance.

Alternative scenario: above 21.5601, look for 21.6159 and 21.6492.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 21.5744 and 21.5641). Finally, the EUR/MXN has penetrated its lower Bollinger band (21.4967).

Supports and resistances:

21.6492 **

21.6159 *

21.5601 **

21.5381

21.4964 last

21.4207

21.3875 **

21.3543 *

21.3211 **