{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-mxn-upside-momentum-favored\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-mxn-upside-momentum-favored\/","headline":"USD\/MXN Upside Momentum Favored!","name":"USD\/MXN Upside Momentum Favored!","description":"USD\/MXN\u00a0 moves sideways on the H1 chart after finding temporary support. It has developed a triangle pattern and now it seems determined to rebound. The US is to release the CB Consumer Confidence later. It is expected to increase to 1118.9, from 1117.2 points. Better than expected data could boost the USD which could take […]","datePublished":"2021-06-29","dateModified":"2021-06-29","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/06\/usdmxn-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/06\/usdmxn-1.png","height":887,"width":1828},"url":"https:\/\/forexschoolonline.com\/usd-mxn-upside-momentum-favored\/","about":["USD\/MXN"],"wordCount":146,"keywords":["Technical Analysis","Trade idea","USD\/MXN"],"articleBody":"USD\/MXN\u00a0 moves sideways on the H1 chart after finding temporary support. It has developed a triangle pattern and now it seems determined to rebound.The US is to release the CB Consumer Confidence later. It is expected to increase to 1118.9, from 1117.2 points. Better than expected data could boost the USD which could take the lead again.Escaping from the minor symmetrical triangle could bring us a new upwards movement. Actually, jumping and stabilizing above 19.926 could activate a potential bullish momentum.Technically, only a false breakout above the immediate obstacles could invalidate the bullish scenario and could bring us a new sell-off. The median line (ml) could attract the pair if USD\/MXN increases. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}