USD/MXN Multiple Time Frame Technical Analysis:
Forecast Scenario:
1- If the Price Completed the Retest of the 25.40 (- Resistance Level -) and broke below.
2- If the Price broke below from the current point 25.20 (- Major Support Level -) with a retest.
-- The Price is supposed to hit the Target Level 1 within the range of 24.50 -- (-- Normal Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 24.00 -- (-- Normal Risk --)
Important Observation:
The USD is on the rise in most of the Commodity Pairs which may result in a possible stall at the high level of 24.50 and even a failure of confirmation.
Trade Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Forecast Scenario:
1- If the Price Completed the Retest of the 25.40 (- Resistance Level -) and broke below.
2- If the Price broke below from the current point 25.20 (- Major Support Level -) with a retest.
-- The Price is supposed to hit the Target Level 1 within the range of 24.50 -- (-- Normal Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 24.00 -- (-- Normal Risk --)
Important Observation:
The USD is on the rise in most of the Commodity Pairs which may result in a possible stall at the high level of 24.50 and even a failure of confirmation.
Trade Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Trade active
Skipped Confirmation.Position Opened.
Trade active
First Target Reached.Waiting for Second Target
Trade closed: target reached
Second Target Reached.
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.
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.