Mexican Peso US Dollar MXN/USD

Mexican Peso US Dollar (MXN/USD) closed up by 1.36% to 20.15 on 23 January 2021 and +-0.21% on a weekly basis. Mexican Peso US Dollar (MXN/USD) momentum was last calculated at +50.0/100 indicating positive momentum. Mexican Peso US Dollar (MXN/USD) trend is -50.0/100 indicating a negative trend. Mexican Peso US Dollar (MXN/USD) momentum exhaustion is -1.00008 indicating Mexican Peso US Dollar (MXN/USD) is oversold.Mexican Peso US Dollar (MXN/USD) RSI is 43.5654 .

Mexican Peso US Dollar MXN/USD Chart

Mexican Peso US Dollar MXN/USD

Mexican Peso US Dollar MXN/USD Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Mexican Peso US Dollar (MXN/USD). Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Mexican Peso US Dollar (MXN/USD) trading signals presented in the Mexican Peso US Dollar (MXN/USD) statistics table.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Mexican Peso US Dollar (MXN/USD)MXNUSD 20.150.5-0.5-1.0000843.56541.36-0.211.180.05808

Mexican Peso US Dollar (MXN/USD) closed at 20.15 on 23 January 2021. Mexican Peso US Dollar (MXN/USD) trend was last calculated at -50.0/100 (range: -100 to +100) indicating a negative trend based on MacroVar models. Mexican Peso US Dollar (MXN/USD) momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. Mexican Peso US Dollar (MXN/USD) momentum exhaustion is -1.00008 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Mexican Peso US Dollar (MXN/USD) is oversold and a possible reversal is imminent. Mexican Peso US Dollar (MXN/USD) RSI was last calculated at 43.5654. Mexican Peso US Dollar (MXN/USD) moving averages were last recorded as follows: 1-month moving average: 19.9489 in an uptrend , 1-quarter moving average: 20.4089 in a downtrend and 1-year moving average: 21.594 in an uptrend. Mexican Peso US Dollar (MXN/USD) annual return was last recorded at None%, daily return was last recorded at 1.36%, and weekly return was last recorded at -0.21%. Mexican Peso US Dollar (MXN/USD) histrorical 20-day volatility was last recorded at 10.1262%, Mexican Peso US Dollar (MXN/USD) alpha None, Mexican Peso US Dollar (MXN/USD) beta None and Mexican Peso US Dollar (MXN/USD) maximum drawdown was recorded at None%. MacroVar models monitor Mexican Peso US Dollar (MXN/USD) statistics based on historical data since 1970.

Mexican Peso US Dollar MXN/USD News

Mexican Peso US Dollar (MXN/USD) Factors

Mexican Peso US Dollar (MXN/USD)

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Mexico PMI vs FXMX.FACT.FXPMI21.376753.28610.678563

Mexican Peso US Dollar (MXN/USD) Commitment of Traders report

Commitment of Traders report

CommercialsLarge Speculators
FactorSymbolLong/ShortSignalZ-scoreChangeLong/ShortSignalZ-scoreChangeLast Update
MXN Mexican Peso Futures COTCOT.MXN

Mexican Peso US Dollar (MXN/USD) related Indicators

Mexican Peso US Dollar (MXN/USD)

SecurityTypeSymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Mexican Peso Implied VolatilityFX Implied VolatilityMXNUSD.IV10.990.5-0.25-0.3511350.82364.07-2.48-9.771.41042
Mexico PMI vs FXFX vs PMI FactorMX.FACT.FXPMI21.3767
MXN Mexican Peso Futures COTCOTCOT.MXN

Mexico Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
S&P/BMV IPCIPC50035.2111.1718472.72671.21-0.273.190.05078
Mexico Capped ETFEWW47.4210.751.2441461.1076-0.960.620.94-0.0555
Mexican Peso US Dollar (MXN/USD)MXNUSD 20.150.5-0.5-1.0000843.56541.36-0.211.180.05808
Mexico 10-Year Bond YieldMX.10Y6.86-0.5-1-1.4460935.4716-0.150.071.63-0.23246
Mexico 5-Year Bond YieldMX.5Y6.140-1-1.1018940.3311-0.323.2811.64-0.33234
Mexico 2-Year Bond YieldMX.2Y5.42-0.5-1-0.9689743.6639-1.9912.9214.11-0.39915
Mexico Yield CurveMX.YC1.44-0.5-0.50.1860543.958321.01-24.8-25-5.5
Mexico Credit Default SwapsCDS.Mexico97.5-1-0.75-0.9782137.01113.170.785.410.04479

Mexico Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade3401501-0.773484-1.09652-1.01.00.3333332021-05-31
banks balance sheet90616109097600-0.00395599-0.891425-1.0-1.00.01666672021-02-28
business confidence52.350.50.03564360.3727031.01.00.9833332021-06-30
capacity utilization78.379.4-0.01385390.724671.01.00.9833332021-05-31
capital flows-6.5-7.8-0.166667-0.7268911.01.00.5333332020-09-01
car registrations4535945770-0.008979680.283757-1.01.00.9666672021-06-30
central bank balance sheet44690300004690890000-0.0472959-0.0744514-1.0-1.00.03333332021-06-30
consumer confidence44.5430.03488370.3819881.01.00.9833332021-06-30
consumer price index cpi113.02112.420.005337130.05880481.01.00.8333332021-06-30
core inflation rate4.584.370.04805490.2378381.01.00.6833332021-06-30
current account17408.917125.30.0165603-10.93661.01.00.03333332020-10-01
current account to gdp2.4-0.3-9-2.61.01.002020-01-31
deposit interest rate0.460.5-0.08-0.823077-1.0-1.00.06666672022-03-31
exports40798.340772.80.0006254171.257821.01.012021-05-31
external debt460517462504-0.004296180.01536551.01.00.06666672021-01-01
fiscal expenditure6301055348070.1781910.1604311.01.00.7833332021-03-31
foreign direct investment2531.42436.70.038864-0.650981-1.0-1.00.03333332020-10-01
foreign exchange reserves199302201899-0.01286290.00965572-1.01.00.4333332021-05-31
gdp1076.161268.87-0.151875-0.0304778-1.0-1.002020-01-31
Real GDP17635600175021000.00762766-0.0469304-1.0-1.00.052021-03-31
gdp growth0.43.3-0.878788-0.6923081.0-1.00.452020-11-01
gdp growth annual-3.6-4.3-0.162791-3-1.0-1.00.12021-01-01
gold reserves119.87120.06-0.00158254-0.00274542-1.0-1.00.52021-01-01
government budget-4.6-1.61.87545-1.0-1.002019-02-28
Government budget-2662015940-2.67001-0.736093-1.01.00.3333332021-04-30
government debt to gdp45.546-0.01086961.54191.01.002019-01-31
government revenues6364244352320.4622640.2057891.01.00.8666672021-03-31
imports40458.739272.20.03021220.8737471.01.012021-05-31
industrial production36.436.5-0.00273973-2.196191.01.00.22021-05-31
industrial production mom0.1-0.3-1.33333-1.14286-1.01.00.4833332021-05-31
inflation cpi5.885.89-0.001697790.7657661.01.00.7833332021-06-30
interbank rate4.324.290.00699301-0.235398-1.0-1.00.2333332021-06-30
interest rate440-0.428571-1.0-1.00.1333332021-05-13
loans to private sector26450600002667200000-0.00830084-0.131186-1.0-1.00.03333332021-05-31
manufacturing pmi48.847.60.02521010.2642491.01.00.9833332021-06-30
money supply m0215605021472300.004107620.1609831.01.00.752021-06-30
money supply m1571737000056984100000.003327240.1089591.01.00.5166672021-05-31
money supply m210531600000105182000000.001273980.0446151.01.00.2833332021-05-31
money supply m312573500000125044000000.005526050.07722691.01.00.5166672021-05-31
Producer Price Index109.53108.760.007079810.0583121.01.00.6833332021-06-30
retail sales MoM-0.43.5-1.11429-0.9819-1.01.00.552021-04-30
retail sales30.12.511.04-2.264711.01.00.2833332021-04-30
total vehicle sales4535945770-0.008979680.283757-1.01.00.9666672021-06-30
unemployment rate44.7-0.148936-0.047619-1.0-1.00.4166672021-05-31

Mexican Peso US Dollar (MXN/USD) Trading Signals


MacroVar estimates the following signals: Mexican Peso US Dollar (MXN/USD) momentum, Mexican Peso US Dollar (MXN/USD) trend, Mexican Peso US Dollar (MXN/USD) oscillator, Mexican Peso US Dollar (MXN/USD) RSI and Mexican Peso US Dollar (MXN/USD) returns.

Mexican Peso US Dollar (MXN/USD) Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarMexican Peso US Dollar (MXN/USD) momentum signal ranges from -100 to +100. The Mexican Peso US Dollar (MXN/USD) momentum signal is derived as the mean value from 4 calculations for the Mexican Peso US Dollar (MXN/USD). The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Mexican Peso US Dollar (MXN/USD) return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Mexican Peso US Dollar MXN/USD momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Mexican Peso US Dollar (MXN/USD) momentum signal moves from positive to negative value or vice-versa.

Mexican Peso US Dollar (MXN/USD) trend

Mexican Peso US Dollar (MXN/USD) trend signal ranges from -100 to +100. Mexican Peso US Dollar (MXN/USD) trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Mexican Peso US Dollar (MXN/USD) Closing price vs Mexican Peso US Dollar (MXN/USD) moving average (MA) calculation: If Mexican Peso US Dollar (MXN/USD) is greater than Mexican Peso US Dollar (MXN/USD) MA value is +1, else -1, 2. Mexican Peso US Dollar (MXN/USD) Moving average slope calculation: if current Mexican Peso US Dollar (MXN/USD) moving average is higher than the previous MA, Mexican Peso US Dollar (MXN/USD) upward slope +1, else -1
Mexican Peso US Dollar (MXN/USD) trend model can be used as a trend strength indicator. Mexican Peso US Dollar (MXN/USD) trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Mexican Peso US Dollar (MXN/USD) trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Mexican Peso US Dollar (MXN/USD) 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Mexican Peso US Dollar (MXN/USD) is in an uptrend when Mexican Peso US Dollar (MXN/USD) price is higher than the 52-week moving average and the Mexican Peso US Dollar (MXN/USD) 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Mexican Peso US Dollar (MXN/USD) oscillator and Mexican Peso US Dollar (MXN/USD) RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Mexican Peso US Dollar (MXN/USD) oscillator

The Mexican Peso US Dollar (MXN/USD) oscillator estimated by MacroVar is the z-score of the current Mexican Peso US Dollar (MXN/USD) price versus Mexican Peso US Dollar (MXN/USD) 1-year simple moving average price. The formula for the Mexican Peso US Dollar (MXN/USD) oscillator is:
Mexican Peso US Dollar (MXN/USD) oscillator = (Current Price – 250 trading days Mexican Peso US Dollar (MXN/USD) simple moving average price) / (250 days Mexican Peso US Dollar (MXN/USD) price standard deviation)

Mexican Peso US Dollar (MXN/USD) oversold conditions
Mexican Peso US Dollar (MXN/USD) is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Mexican Peso US Dollar (MXN/USD) is oversold it is often due for a rebound. Values of the Mexican Peso US Dollar (MXN/USD) oscillator lower than -2.5 signify oversold conditions. It must be noted that the Mexican Peso US Dollar (MXN/USD) oscillator must be analyzed ibn conjunction with the rest of Mexican Peso US Dollar (MXN/USD) quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Mexican Peso US Dollar (MXN/USD) RSI.
Mexican Peso US Dollar (MXN/USD) overbought conditions
Mexican Peso US Dollar (MXN/USD) is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Mexican Peso US Dollar (MXN/USD) is overbought it is often due for a correction. Values of the Mexican Peso US Dollar (MXN/USD) oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Mexican Peso US Dollar (MXN/USD) quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Mexican Peso US Dollar (MXN/USD) RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Mexican Peso US Dollar (MXN/USD) is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Mexican Peso US Dollar (MXN/USD) uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Mexican Peso US Dollar (MXN/USD) returns

MacroVar calculates Mexican Peso US Dollar (MXN/USD) returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Mexican Peso US Dollar (MXN/USD) returns = (Mexican Peso US Dollar (MXN/USD) Closing Price – Mexican Peso US Dollar (MXN/USD) Previous Price)/(Mexican Peso US Dollar (MXN/USD) Previous Price)
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