Peso has pulled back and currently at recent channel between ~$19.30 - ~$19.55. RSI shows overbought conditions and MACD confirms recent drop. If you see DXY it is at a recent support and more than likely start to trend up causing Peso to rise. Keep close eye on RSI MACD and DXY for confirmation signals
Peso is getting ready to test recent highs for the 3rd time, you'll notice the red arrows signal where resistance is and ultimately pull back. I am thinking the Peso will pull back from resistance. RSI is also showing over bought conditions
After a quick spike the peso has leveled off. I am thinking the peso will range between ~19.20 - ~ 19.35 for remainder of week. Expect spikes with any trade news - thanksgiving holiday will also cause price fluctuations
RSI was over bought when peso spiked up and RSI fell to over sold when peso normalized
Peso has steadily trended down and I believe it has reached a good support level. I believe in the short term the Peso will climb back up to test recent resistance ~19.50. RSI also shows favorable conditions for an upward trend in price.
It is appearing that the Peso will maintain the trend line but stay within the ~19.50 - ~19.80 channel. RSI is showing possible lower drop but eventually heading back up. If trade talks do not go well, expect Peso to test recent highs and shoot higher in the short term. Shaded zone represents time from now to Oct 15 when tariffs kick in. Also take into account...
After reaching recent highs, to me, the Peso is looking like it wants to start settling within the next shadowed area approx: 18.95 - 19.28ish. Keep in mind the Peso trended in the range for several months this year. 6 Day EMA bounced off the 23 Day EMA and started to trend down as you can see within the chart.
Area of support reflected with green arrows - you'll see the Peso bounce off these areas. Currently, the Peso is in a downward trend and considering recent support, I believe the Peso will break down below support and find a range between 19.25-19.50 for the near term.
Peso dropped below expected but back on track to the shaded area, too much of a pull back for it not to want to climb higher. Thinking Peso should stay in shaded area into the weekend and test 19.90 levels early next week.
Arrows reflect areas of resistance & support. Twice has resistance been tested with a pull back. Considering Stoch RSI & MACD, looks like possible pull back to 9.04 area, if it breaks through could end up below 9.00.
SPY has tested resistance several times, red arrows show where. Stoch RSI & MACD reflect possible conditions to pull back. SPY is now either going to break through the area of resistance or pull back, stay tuned.