USD/MXN analysis · updated 12 November 2026 · free data
Is USD/MXN bullish or bearish?
As of 12 November 2026, USD scores 58 and MXN 42 out of 100 on the WatchTower Terminal macro composite, a 16 point gap in favour of USD. That is wider than the model's 11 point neutral band, so the composites lean USD/MXN higher.
USD is scoring 16 points above MXN, which is wider than the model's neutral band, so USD/MXN carries a lean higher on the composites. What matters as much as the gap is which side is producing it, and the two scores below say which this is.
Reading of 12 Nov, 09:30 London
The two composites that produce USDMXN
56 and above reads bullish, below 45 bearish. The shaded band is neutral.
Base
USDUS Dollar
58Bullish
- Central bank
- Federal Reserve, reading tightening, policy rate 4.00%
- Positioning
- Net long
Quote
MXNMexican Peso
42Bearish
- Central bank
- Banco de México, reading easing, policy rate 6.25%
- Positioning
- Net long
The gap is 16 points in favour of USD. That is wider than the model's own neutral band of 11, which is what makes it worth a second look.
Being straight about it
What this page is and is not.
A composite is a weighted read of published inputs, not a forecast. It says what the data, the central bank, the desks and the positioning currently add up to for each currency, and the pair figure is the distance between two of those. It does not know what the market intends to trade this month, which is a separate question the terminal answers in Data surprises, with its read on whether price is following the data. Rate spread adds the gap between the two central banks' priced rates and how much of the pair's recent move it explains.
The scores here refresh from the terminal's public feed while the page is open, and every weight and driver behind them is visible inside the terminal rather than described. Nothing on this page is financial advice.
Also free for USDMXN: USD/MXN seasonality · US economic surprises · Mexican economic surprises.
Each side on its own
Sharing a leg
Other pairs sharing USD or MXN.
USDMXN, answered.
Is USD/MXN bullish or bearish right now?
As of 12 November 2026, USD scores 58 and MXN 42 out of 100 on the WatchTower Terminal macro composite, a 16 point gap in favour of USD. That is wider than the model's 11 point neutral band, so the composites lean USD/MXN higher.
How is USDMXN analysed here?
From both currencies rather than from the pair. USD and MXN each carry their own composite score built from fundamentals at 22.5%, the central bank at 18%, bank research at 18%, seasonality at 13.5%, retail sentiment read contrarian at 10% and positioning across the rest. The pair reading is the distance between the two, which is what lets it say which side is doing the work.
What does the USDMXN score mean?
Each side scores 0 to 100. 56 and above is bullish, below 45 is bearish, and the band between is neutral on purpose. A gap narrower than 11 points between the two sides is inside that band, and the honest reading of it is that the pair is not offering much.
Does this page say when to trade?
No. It is a composite of published inputs with every weight and driver visible in the terminal. It does not size a position, set a stop or say when to enter, and nothing here is financial advice.
How current is this page?
The reading built into this page is from 12 November 2026, and both composites refresh from the terminal's public feed while the page is open. In WatchTower Terminal, Asset scores carries both sides with every driver, and Pair in full and Pair comparison read the pair itself. The terminal is $10 for your first month, then $49 a month.