Question: You provide foreign exchange consulting services based on technical (chartist) analysis. Your client would like to have a good idea about the U.S. dollar and

You provide foreign exchange consulting services based on technical (chartist) analysis. Your client would like to have a good idea about the U.S. dollar and Mexican peso exchange rate six months into the future. First plot the past exchange rates and try to identify patterns that can be projected into the future. What forecast exchange rate would you offer to your client? You may download exchange rate data from fx.sauder.ubc.ca.

See rate below.

Date Open High Low Close 1/27/2022 18.7165 18.7741 18.7951 18.8286 1/26/2023 18.7944 18.8977 18.784 18.7944 1/25/2023 18.7947 18.8537 18.7673 18.7912 1/24/2023 18.8145 18.8907 18.7853 18.7939 1/23/2023 18.875 18.912 18.793 18.808 1/20/2023 18.9935 19.021 18.8479 18.8798 1/19/2023 18.8914 19.1089 18.869 18.9919 1/18/2023 18.6647 18.9034 18.567 18.8905 1/17/2023 18.7796 18.8322 18.6439 18.6595 1/16/2023 18.7671 18.856 18.731 18.7811 1/13/2023 18.8423 18.9141 18.733 18.7629 1/12/2023 18.9306 18.9808 18.8172 18.8383 1/11/2023 19.0673 19.1125 18.9159 18.9356 1/10/2023 19.1495 19.1767 19.0496 19.0654 1/9/2023 19.134 19.1943 19.1022 19.1421 1/6/2023 19.3279 19.3485 19.1206 19.1343 1/5/2023 19.3817 19.4359 19.297 19.3265 1/4/2023 19.4071 19.4262 19.2569 19.3712 1/3/2023 19.4649 19.5353 19.3753 19.407 1/2/2023 19.481 19.5252 19.4628 19.4662 12/30/2022 19.4621 19.584 19.4058 19.4879 12/29/2022 19.4329 19.472 19.3003 19.4615 12/28/2022 19.4839 19.498 19.3801 19.4327 12/27/2022 19.4021 19.4989 19.3388 19.4787 12/26/2022 19.3728 19.4141 19.3334 19.4013 12/23/2022 19.5643 19.5888 19.3476 19.3632 12/22/2022 19.6526 19.6821 19.5387 19.552 12/21/2022 19.7618 19.7963 19.6281 19.6514 12/20/2022 19.7947 19.9006 19.679 19.7611 12/19/2022 19.7862 19.84 19.711 19.7942 12/16/2022 19.7609 19.8843 19.2336 19.7835 12/15/2022 19.6248 19.8571 19.6155 19.7618 12/14/2022 19.5291 19.7605 19.5154 19.6161 12/13/2022 19.86 19.8855 19.5211 19.5313 12/12/2022 19.7769 19.9184 19.7317 19.861 12/9/2022 19.6252 19.8413 19.612 19.7699 12/8/2022 19.6693 19.737 19.6089 19.6236 12/7/2022 19.7613 19.8342 19.6266 19.6696 12/6/2022 19.7378 19.8622 19.6311 19.76 12/5/2022 19.3899 19.8628 19.3472 19.7383 12/2/2022 19.1304 19.4436 19.1082 19.3921 12/1/2022 19.2668 19.3485 19.1195 19.1303 11/30/2022 19.233 19.4587 19.196 19.2654 11/29/2022 19.3068 19.3225 19.0397 19.2284 11/28/2022 19.3319 19.3677 19.2953 19.306 11/25/2022 19.3812 19.4211 19.306 19.3417

11/24/2022 19.3628 19.4001 19.3359 19.3809 11/23/2022 19.4383 19.4529 19.3304 19.3585 11/22/2022 19.546 19.572 19.4148 19.4355

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