Technically and fundamentally, the fall of USDMXN is expected
1) Futures volume remains high (for MXNUSD futures )
2) Large speculators close short and open long (for MXNUSD futures )
3) Open interest grow (for MXNUSD futures )
4) Fibo level 0.382 from wave 3 almost reached
5) Need one wave down for USDMXN
Hello my friends
the analysis of this market shows that there is a very high probability that in the coming days will experience an uptrend for more information please contact me on
- 6M has been in consolidation since late of March, and currently it is forming Ascending Triangle pattern in low and high Timeframe
- Ascending Triangle with higher Lows and same Highs at 0.0421, which is bullish pattern
- 6M has plunge 28.6% from the High, with now trading at record Low in history
- Enter Long at first pullback when...
Herein is the monthly chart of the /6M Futures contract. It has been noted that since it has been traded, it is pretty obvious that the bears have been in control. At this time, I am far from debating against it. What I am exploring is a technical analyses of the next upcoming crash and an a mild guess of when that might happen.
I want to bring your attention to...