As suggested in a previous report, which can be visualized here:
, Usd is losing momentum against Mexican Peso. There are no reasons to get long anymore, while it is now time to short the pair.
We see a strong divergence having a look at stochastic oscillator and Bollinger Bands are widening out smoothly, with a weekly close breaking the lower BB. I expect to see the pair tumbling down further till 17.30, from where I expect to see a rebound to then falling down with a stronger movement.
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We see a strong divergence having a look at stochastic oscillator and Bollinger Bands are widening out smoothly, with a weekly close breaking the lower BB. I expect to see the pair tumbling down further till 17.30, from where I expect to see a rebound to then falling down with a stronger movement.
Follow us at www.wallstreetimes.com for further ideas and financial news. Thx