cortes5150

Potential Buy in Canadian dollar mexican peso.

Long
FX_IDC:CADMXN   CANADIAN DOLLAR / MEXICAN PESO
Based on 5 year analysis it seems like the cadmxn trade is a great long term investment they have been in a very consistent upward trend since 2006. i added the pivot points in order to see what is currently going on. it is struggling to fall under the red pivot point. i believe this will be a buy since it seems like its going to bounce off that pivot point into the green square area. if it beats the green pivot point than i am expecting a bull run. i recommend selling short if the spot price falls under the red pivot point and red square area. Returning and buying once it surpasses those same green pivot points. Please leave any feed back ! are you buying or selling?
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