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amateur_trad3r

USDMXN is trading in a very strong support level

Long
Dollaro / Peso messicano (FX:USDMXN)  
amateur_trad3r  
FX:USDMXN   Dollaro / Peso messicano
Trend Analysis Technical Indicators mexicanpeso Forex
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trendanalysis indicator mexicanpeso forex
The USDMXN is trading close to a very solid support near the 200 EMA in weekly candle. It has been bouncing since November last year from that same support. The last time it broke the 200 ema was in May 2013; in February of last year it reacted strongly when it touched it. From my perspective, an upward rebound is more likely than a break of the support, which could reach 20.5 pesos per dollar.

Idee correlate

amateur_trad3r
A reversal could be close in the USDMXN
amateur_trad3r
USDMXN, just buy it
amateur_trad3r
USDMXN, a bullish AB=CD pattern could be materializing
amateur_trad3r
USDMXN, posible repunte
amateur_trad3r
USDMXN cerca de un soporte relevante
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