USDMXN HAS SHOWN STRONG MOVMENT TO THE DOWN SIDE SINCE THE 22 s ....
from a monthly , weekly & daily prospective we can easily see a strong Support Area around. 21.00 .- 20.90 ...
Despite the weakness of the Dollar & the good mood in Equity today , this Area seems a good one to add and try some LONGS ... BUT NO RUSH ..
ENYTRY 20.90-21
P T - 21.20-40
S L - 20.8
GOOD LUCK
from a monthly , weekly & daily prospective we can easily see a strong Support Area around. 21.00 .- 20.90 ...
Despite the weakness of the Dollar & the good mood in Equity today , this Area seems a good one to add and try some LONGS ... BUT NO RUSH ..
ENYTRY 20.90-21
P T - 21.20-40
S L - 20.8
GOOD LUCK
Note
HELLO , AFTER TODAY FED RATE DECISION AND STATEMENT .. IT SEEM LIKE THE DOLLAR COULD CONTINUE TO BE HURT AND WEAKEN FOR SOME TIME ... THEN TO STRENGHT SOME EMERGING MKT CURRENCYES. LIKE THE MXN ..
PREFER WAIT AND SEE ..
NOW NEUTRAL ...AROUND 21 ...DOING SOME INTRADAY TRADING
GOOD LUCK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.