empty
08.12.2022 07:04 AM
Analysis Technical of USD/MXN Currency Pair Daily Movement Thursday December 08, 2022.

This image is no longer relevant

On the daily 4-hour chart for the USD/MXN currency pair, it can be seen that there is a deviation between the price movement and the CCI indicator and being above the Moving Average so that in the near future it is predicted that this currency pair will appreciate to the level of 19,858 as the main target to be penetrated and above. 20,107 as the second target but if on the way to the targets that have been described there is a sudden significant downward correction that goes past the level of 19,344 then all the Bull scenarios that have been described previously will cancel by itself.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/JPY Forecast for August 14, 2025

We continue to view the EUR/JPY currency pair as an indicator of stock market investor sentiment. At the moment, we see that the price has "changed its mind" about retesting

Laurie Bailey 04:57 2025-08-14 UTC+2

Trading Signals for EUR/USD for August 13-16, 2025: sell below 1.1730 (200 EMA - 8/8 Murray)

The Eagle indicator has reached strong overbought levels, so we will look for opportunities to sell the euro in the coming days, with targets at 1.1596 and possibly even reaching

Dimitrios Zappas 18:09 2025-08-13 UTC+2

Trading Signals for BITCOIN for August 13-16, 2025: sell below $122,100 (7/8 Murray - 21 SMA)

Bitcoin made a strong bullish move during the American session, reaching the $122,200 level, a key level last seen on August 9. Since then, we have observed that

Dimitrios Zappas 18:02 2025-08-13 UTC+2

Trading Signals for GOLD (XAU/USD) for August 13-16, 2025: sell below $3,363 (200 EMA - 21 SMA)

Gold is trading around 3,363, bouncing off a low around 3,328. XAU/USD found good support around the bottom of the uptrend channel and has since reached 3,370, however

Dimitrios Zappas 18:00 2025-08-13 UTC+2

Forex forecast 13/08/2025: EUR/USD, USD/JPY, GBP/USD, Gold, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 15:43 2025-08-13 UTC+2

Forecast for EUR/USD on August 13, 2025

On Tuesday, the EUR/USD pair continued its upward movement after rebounding from the 50.0% retracement level at 1.1590. It also consolidated above the resistance zone of 1.1637–1.1645 and reached

Samir Klishi 11:56 2025-08-13 UTC+2

Forecast for GBP/USD on August 13, 2025

On the hourly chart, the GBP/USD pair on Tuesday once again rebounded from the support zone of 1.3416–1.3425 and turned in favor of the pound, subsequently consolidating above the 76.4%

Samir Klishi 11:48 2025-08-13 UTC+2

GBP/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward to the 85.4% retracement level at 1.3522 (red dotted line), then declined, closing the daily candle at 1.3495. Today, it may continue moving upward

Stefan Doll 11:45 2025-08-13 UTC+2

EUR/USD. Indicator Analysis on August 13, 2025

On Tuesday, the pair moved upward on news, reached the 1.1698 fractal (yellow dotted line), then declined, closing the daily candle at 1.1673. Today it may continue moving upward

Stefan Doll 11:38 2025-08-13 UTC+2

XAU/USD remains under pressure, although there is limited potential for strengthening. Wednesday, August 13, 2025.

[XAU/USD] – [Wednesday, August 13, 2025] XAU/USD appears to be attempting to test its nearest support level, as confirmed by the RSI (14) indicator, which is in the Neutral-Bearish area

Arief Makmur 08:25 2025-08-13 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.