USDMXN Bullish Macro Trend/Short-term Correction

2018년 3월 1일

The general trend for USDMXN is bullish after a recent period of correction. Currently we see a positive sentiment for the dollar and the USDMXN pair has traded higher on the strength of the dollar.
Currently we seem to be testing the upper limits of the bulish trend channel at 18.94. I expect a short term correction as the channels lower bottom is tested.

2018년 3월 1일

노트

The correction has broken through our bottom edge of bullish channel. Watch how we are tesing the 18.8150 floor level. Breaking this support zone could signal a more bearish sentiment or a reversal and return to the recent high of 18.94

2018년 3월 1일

노트

Possible reversal at 18.78

2018년 3월 1일

노트

Trend returns to the inside of bullish channel, expecting more attempts to break the ceiling at 19.94 but continued confirmation of ceiling could see a price consolidation between 18.90-18.80