Usdmxndaily
USDMXN IMPORTANT DAILY LEVEL (BREAK OR BOUNCE??)THE MXN IS BEING UNDER PRESSURE DUE TO THE STRENGTHENING OF THE USD AND THE UNCERTAINTY ABOUT THE POLICIES OF THE NEW PRESIDENT AMLO. CLEARLY WE CAN SEE THE DAILY STRUCTURE OF THIS PAIR WHICH IS TESTING THE UPPER TRENDLINE AND GIVING US A POSSIBLE SCENARIO FOR GOING SHORT AROUND THE RESISTANCE ZONE BETWEEN 20.86 & 20.96 WITH STOP LOSE UP TO 21. LETS SEE HOW IT DEVELOPS!!!
USDMXN FLAG PATTERNLooks like rally started. I think the direction will be up. Don't forget to do your risk analysis.
Touching 300 EMA For The First Time In 2½ YearsI have previously talked about pairs at extraordinary levels, such as EURDKK. Currently the talk on the street is USD/MXN. It is fascinating how much the dollar has fallen the past months. I publish this to remind everyone that keeping an eye on this one, might be wise. It's either going to fall like a brick or, as I assume, rise again majestically.
