USDMXN based below HVN and key level around 23.68000
price rejected from 38.2% fibo level
price below SMA 100
MACD shows start of bearish momentum
RSI broke uptrend line
price forming AB=CD pattern
so its expect bearish movement to pattern target at 224% fibo and support level around 21.50000
then to demand zone around 19.50000
price rejected from 38.2% fibo level
price below SMA 100
MACD shows start of bearish momentum
RSI broke uptrend line
price forming AB=CD pattern
so its expect bearish movement to pattern target at 224% fibo and support level around 21.50000
then to demand zone around 19.50000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.