ProFX_Strategist

Anticipating An Upcoming Rally Soon...

FX:USDMXN   U.S. Dollar/Mexican Peso
16 0 2
I'm expecting the downside for this pair (as well as for EURMXN             & CHFMXN) to be limited now (as Crude Oil             is most probably just on a temporary up-rally right now; before it will start to fall lower once again)...

The USD might also be set to strengthen more in the upcoming future too...

Also refer to USDRUB             , EURRUB             & USDCAD             , EURCAD             (pairs which I trade too) for reference...

MXNJPY             could start to drop even further too...

The strength of the MXN is highly influenced by the price of Crude Oil             (just like the RUB & CAD)...
Aiming to be a "marksman" in scalping & "speculation". As retail traders, we are just "speculating" these markets-volatility in our retail-trading-platforms (E.g. we do not physically owned 100-Lots of Gold nor is storing a thousand-barrels of crude oil)

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