USD/MXN Multiple Time Frame Technical Analysis:
Forecast Scenario:
1- If the Price Completed the Retest of the 25.40 (- Resistance Level -) and broke below.
2- If the Price broke below from the current point 25.20 (- Major Support Level -) with a retest.
-- The Price is supposed to hit the Target Level 1 within the range of 24.50 -- (-- Normal Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 24.00 -- (-- Normal Risk --)
Important Observation:
The USD is on the rise in most of the Commodity Pairs which may result in a possible stall at the high level of 24.50 and even a failure of confirmation.
Trade Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Forecast Scenario:
1- If the Price Completed the Retest of the 25.40 (- Resistance Level -) and broke below.
2- If the Price broke below from the current point 25.20 (- Major Support Level -) with a retest.
-- The Price is supposed to hit the Target Level 1 within the range of 24.50 -- (-- Normal Risk --)
-- The Price is supposed to hit the Target Level 2 within the range of 24.00 -- (-- Normal Risk --)
Important Observation:
The USD is on the rise in most of the Commodity Pairs which may result in a possible stall at the high level of 24.50 and even a failure of confirmation.
Trade Wisely
Note:
- These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies.
- No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Trade active:
Skipped Confirmation.
Position Opened.
Position Opened.
Trade active:
First Target Reached.
Waiting for Second Target
Waiting for Second Target
Trade closed: target reached:
Second Target Reached.