USD/MXN
USD/MXN market insights
Pivot points are a technical indicator that traders use to predict upcoming areas of technical significance, such as support and resistance. They're calculated by averaging the high, low and closing prices of a previous period. That could be a day, a week or a month.
If a market is trading above its previous pivot point (known as P), it is seen as a bullish signal. If it is below, it is bearish.
Support and resistance levels are a core part of technical analysis, providing crucial insight into possible future price reversals.
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Economic calendar
USD/MXN details
USD/MXN is an ‘exotic’ currency pair made up of the US dollar as the base currency and the Mexican peso as the quote currency. Although the currency pair attracts fewer traders than other USD pairs, it offers access to the growing Latin market.
The Mexican peso’s value is closely tied with the country’s natural resources, especially energy commodities. Data on crude oil and natural gas, such as the US oil inventory report, can have a strong effect on USD/MXN.
Political factors in both countries and between the two can have large influences on the currency pair as well.
| Margin from | 5.0 % |
| Min trade size | 1,000 |
| Long | -1.32 |
| Short | 0.57 |
| Min stop distance | 0.0 Points |
| Guaranteed order minimum | 100 Points |
Spreads
| Spreads from | 0.0034 Points |
Margins
| 0 - 40,000,000 | 5.0 % |
| 40,000,000 - 400,000,000 | 7.0 % |
| 400,000,000 + | 10.0 % |
Dealing
| Spreads from | 0.0034 Points |
Margins
| 0 - 40,000,000 | 5.0 % |
| 40,000,000 - 400,000,000 | 7.0 % |
| 400,000,000 + | 10.0 % |
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