USDMXN - Descending Triangle
After the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run.
I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies.
In the long run, the descending triangle shows bearish for USD/MXN.
I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies.
In the long run, the descending triangle shows bearish for USD/MXN.
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