USDMXN. Chart has predicted Hillary Clinton´s victory?
It´s been quite fashionable to analyze the USDMXN pair since Mr. Donald Trump has become an official candidate for the presidency of the United States. All his promises had strong influence on the Peso and every time we have any news on Mrs. Hillary Clinton´s advances in the presidential race, Peso recovers strongly against the US Dollar.
But if we check a long-term chart, the pair has been trading in a channel since 1994. Currently, the quote is at the top of the channel an also at the top of the fork built from lows of 2011. Looks like the market is ready to push back and that may mean a victory of Mrs. Hillary Clinton has already been priced in time ago.
Obviously, any strong advances of Mr. Trump will push the Peso lower and a possible victory in the elections would bring the Peso to the new historical lows against the USD
But if we check a long-term chart, the pair has been trading in a channel since 1994. Currently, the quote is at the top of the channel an also at the top of the fork built from lows of 2011. Looks like the market is ready to push back and that may mean a victory of Mrs. Hillary Clinton has already been priced in time ago.
Obviously, any strong advances of Mr. Trump will push the Peso lower and a possible victory in the elections would bring the Peso to the new historical lows against the USD
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It predicted Trump´s win but...
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!