Huge volumes are formed on rising prices on both daily and monthly terms.
On the contrary, at peaks evidencing price declines from last two-three days, but we suggest you that don’t get bear trapped, these slumps seem to be profit booking, not the panicky sells.
The upswings likely to prolong as major uptrend is in convergence with mammoth volumes
The FxWirePro Dollar Strength Index flashes with the positive 141 which indicates highly environment ahead of today’s US manufacturing sales and PPI numbers.
The index that is weighted based on volumes traded on eight currency crosses pops up positive 100 signifies the extremely environment of that currency on the hourly base. You could probably make this out in USDMXN pair’s convergence of price upswings and volumes build ups.
Please refer below weblink for the currency index in a nutshell: