Get started
ZenithG

MXN - PESO Time Will Reveal - Movement Imminent

U.S. Dollar / Mexican Peso (FOREXCOM:USDMXN)  
ZenithG Updated   
FOREXCOM:USDMXN   U.S. Dollar / Mexican Peso
Trend Analysis Chart Patterns Technical Indicators
6
0
trendanalysis chartpattern indicator
Peso has steadily trended down. There are signs of possible reversal in trend and signs of trending up. DXY is now at levels not seen since early-mid October. RSI is following the trend line up. We now have a higher low as indicated by the small support lines. MACD is showing signs of trending upwards. Any additional pain may cause Peso to drop lower and test 18.50 levels, keep close eye.
Comment:
Peso broke through 1st support, lets see how this pans out. Not looking favorable, may actually test 18.50...yikes
Comment:
MOVEMENT CAME
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.