Mexico Peso tank

U.S. Dollar/Mexican PesoFXCM

Description

⋅ Sep 6, 2019 5:53 PM

USD/MXN coiling on the monthly chart, looks to me like it's getting ready for the next move by the end of the year.

Keep in mind that this is a monthly chart...

Chart Patterns MXNUSD

Comments

hungry_hippo

⋅ Sep 6, 2019 6:12 PM

@jaswik Pay attention to the long term trend on this. Expand the timeframe and you can see that the dollar/peso ratio always goes up. This is why I'm skeptical of any long term trade on Mexican markets.