normstock

A bad month for the Peso?

normstock Updated   
FX:USDMXN   U.S. Dollar / Mexican Peso
There is enough information to push this pair, the critical area shows an important cluster of resistance near September 20. As always this is just a part of the information that should be compared and taken into account with many other variables.

Best wishes to all.
Comment:
Oh no... to soon. Eyes wide open here....
Comment:
I imagined that this would happen, the first movement was very aggressive, now it will be important to see how it responds to the angle, this week everything moved fast, incredible.
Even so, I do not see the need to change anything in the graphic.

Follow your own plan...

Best wishes all..
Comment:
With two lost supports it is obvious that this position is not reliable, however, the first time target will not be met and the price of the resistance in 19.73 was not reached.
Therefore in essence the analysis is still active towards the second time target near mid-October.

Even so I will make a revision to confirm that we still have supports that maintain the active position.
Comment:
Updated
Comment:
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.