empty
28.09.2023 02:26 PM
USD/MXN: uptrend seems over

This image is no longer relevant

USD/MXN Downside Reversal Signaled!

The USD/MXN pair climbed as much as 17.754 yesterday, registering a new high. It has found strong supply around this level and now it has turned to the downside. It's located at 17.642 at the time of writing.

As you can see, the price escaped from the up channel pattern, it has dropped below the uptrend line indicating a potential downside reversal. Still, the rate could try to test and retest the broken uptrend line and the downtrend line as these lines represent upside obstacles.

USD/MXN Trading Conclusion!

Staying below the downtrend line and dropping below today's low of 17.629 may announce more declines.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 150.91 occurred when the MACD indicator had just begun moving upward from the zero mark, confirming a valid entry point for buying the dollar

Jakub Novak 08:01 2025-03-28 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.2927 occurred when the MACD indicator started moving down from the zero mark, confirming a valid entry point for selling the pound. However

Jakub Novak 08:00 2025-03-28 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 28. Review of Yesterday's Forex Trades

The price test at 1.0806 occurred when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upside potential. For that reason, I didn't

Jakub Novak 08:00 2025-03-28 UTC+2

Intraday Strategies for Beginner Traders on March 28

The euro and the pound have shown that no one is ready for a major sell-off. However, there was no active support from big market participants positioned for long positions

Miroslaw Bawulski 07:15 2025-03-28 UTC+2

USDJPY: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the Japanese yen The test of the 150.27 level occurred when the MACD indicator had just begun to rise from the zero mark, confirming

Jakub Novak 18:04 2025-03-27 UTC+2

GBPUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the British pound The test of the 1.2905 level occurred when the MACD had already moved significantly below the zero line, which limited

Jakub Novak 18:02 2025-03-27 UTC+2

EURUSD: Simple Trading Tips for Beginner Traders on March 27th (U.S. Session)

Trade analysis and tips for trading the euro The test of the 1.0772 level occurred when the MACD indicator had just begun to move downward from the zero mark, confirming

Jakub Novak 17:59 2025-03-27 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on March 27. Review of Yesterday's Forex Trades

The first price test at 150.12 occurred when the MACD indicator moved significantly below the zero line, limiting the pair's downside potential. For this reason, I did not sell

Jakub Novak 08:03 2025-03-27 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on March 27. Review of Yesterday's Forex Trades

The price test at 1.2875 occurred when the MACD indicator moved significantly below the zero line, limiting the pair's downside potential. For this reason, I did not sell the pound

Jakub Novak 08:03 2025-03-27 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on March 27. Review of Yesterday's Forex Trades

The price test at 1.0778 occurred just as the MACD indicator began to move down from the zero line, confirming a valid entry point for selling the euro

Jakub Novak 08:03 2025-03-27 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.