Hello traders,
as I mentioned in my previous video, one of my current buys is USD/MXN (on my demo account).
In my video I look at:
RSI, daily to monthly;
parallel channel over several years;
Fibonacci retracements;
long-term resistance-turned-support (that the pair is currently testing);
Volume-to-price relationship in the last few days of price action in the...
Student debt forgiveness and possible additional stimulus makes DXY look weak against MXN and other currencies.
Be on the lookout
Short side looking stronger than long side
Price is sitting at key zone, a key area of support. A possible buy opportunity may lie ahead over the next coming weeks, although it may not be an aggressive move. Watch price action at key zone noted. For demonstration and educational purposes only.
