Going Short in USDMXN (Short- Term Trade)
Fundamental Analysis: The USD has been in a bearish trend since the Interest Rate Decision, and US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan. However, Mexican peso is doing great this days. Tomorrow in NY time MXN will have its Retail Sales (MoM) (Jan) new, the forecast is better than the previous, so the expectation for the USDMXN will be bearish in the next 12 hours.
Sentiment Analysis: The USDMXN is 60% bearish.
Technical Analysis: The Ichimoku is in a strong bearish short term trend.
Sentiment Analysis: The USDMXN is 60% bearish.
Technical Analysis: The Ichimoku is in a strong bearish short term trend.
Comment:
Fix the stop before the new. If the new is better that the forecast I will leave open it, but if is the same or worst than the forecast I will close the trade.