USD/MXN – Currency exchange rate forecast 23.08.2019: the downside prevails as long as 19.8339 is resistance

USD/MXN - Currency exchange rate forecast 23.08.2019: the downside prevails as long as 19.8339 is resistance

Our preference: the downside prevails as long as 19.8339 is resistance.

Our pivot point is at 19.8339.

Our preference: the downside prevails as long as 19.8339 is resistance.

Alternative scenario: the upside breakout of 19.8339, would call for 19.8979 and 19.9361.

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 19.7973 and 19.7835).

Supports and resistances:

19.9361 **

19.8979 *

19.8339 **

19.8087

19.7800 last

19.6990

19.6609 **

19.6228 *

19.5846 **

USD/MXN Currency exchange rate forecast 16.08.2019: the downside prevails as long as 19.6417 is resistance

USD/MXN Currency exchange rate forecast 16.08.2019: the downside prevails as long as 19.6417 is resistance

Alternative scenario: the upside breakout of 19.6417 would call for 19.7051 and 19.7429.

19.6417 is our pivot point.

Our preference: the downside prevails as long as 19.6417 is resistance.

Alternative scenario: the upside breakout of 19.6417, would call for 19.7051 and 19.7429.

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 19.6115 and 19.6286).

Supports and resistances:

19.7429 **

19.7051 *

19.6417 **

19.6167

19.5870 last

19.5114

19.4736 **

19.4358 *

19.3981 **

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

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

Our preference: the upside prevails as long as 19.6005 is support.

Our pivot point is at 19.6005.

Our preference: the upside prevails as long as 19.6005 is support.

Alternative scenario: below 19.6005, expect 19.5368 and 19.4989.

Comment: the RSI is above its neutrality area at 50. 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 19.6393 and 19.6187). Finally, the USD/MXN is trading above its upper Bollinger band (standing at 19.6708).

Supports and resistances:

19.8752 **

19.8373 *

19.7993 **

19.7614

19.6755 last

19.6255

19.6005 **

19.5368 *

19.4989 **

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

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

Alternative scenario: the downside breakout of 19.6457 would call for 19.5819 and 19.5439.

Our pivot point is at 19.6457.

Our preference: the upside prevails as long as 19.6457 is support.

Alternative scenario: below 19.6457, expect 19.5819 and 19.5439.

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 above its 20 and 50 MAs (respectively at 19.5378 and 19.4696). Finally, the USD/MXN is trading above its upper Bollinger band (standing at 19.7430).

Supports and resistances:

19.9530 **

19.9149 *

19.8768 **

19.8387

19.7511 last

19.6708

19.6457 **

19.5819 *

19.5439 **

USD/MXN – Currency exchange rate forecast 10.05.2019: the downside prevails as long as 19.2117 is resistance

USD/MXN - Currency exchange rate forecast 10.05.2019: the downside prevails as long as 19.2117 is resistance

The configuration is negative.

Our pivot point stands at 19.2117.

Our preference: the downside prevails as long as 19.2117 is resistance.

Alternative scenario: above 19.2117, look for 19.2738 and 19.3107.

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 19.2130 and 19.2170).

Supports and resistances:

19.3107 **

19.2738 *

19.2117 **

19.1873

19.1434 last

19.0693

19.0324 **

18.9954 *

18.9585 **