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The USDMXN is still below the moving average of long period , despite the latest bounce that caused an overbought situation and a bearish divergence on the CCI oscillatorSuch situation should cause a further decline in the coming period , with the pair that could reach easily the static support placed to 17,6
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We had another good week ...
We had another good week for the greenback , the dollar index increase by 0.56% , however it was beaten by Loonie ( USDCAD -0,46% ) and peso ( USDMXN -0.40%) . In the stock market only the US closed positive week while Asia and Europe was negative . This picture showing who will be the winner in the trade war , if there will be any winner...
USDMXN
The USDMXN , after reached the static resistance placed to 21 , ended its recovery phase . In fact it failed to breach such level and the failure caused a deep drop . At the moment the pair is below the moving average of long period .
The pair now is very close to the 23.6% ( Fibonacci ) support and could breach it in the coming days , if it will happen the USDMXN could go down to 38.2% support for Sept
USDmxn
bonjour à tous,
usd zar continue sa pause mais on doit faire de la performance, donc je vous propose usdmxn.
consultez le graphique ci-dessous. Le RIS et le MACD sont tres net, HAUSSE a fond, retournement haussier aujourd'hui.la poussée baissiere est finie, on peut y aller fort hausse, bon trade et n'oubliez pas, MONEY MANAGEMENT
usd zar continue sa pause mais on doit faire de la performance, donc je vous propose usdmxn.
consultez le graphique ci-dessous. Le RIS et le MACD sont tres net, HAUSSE a fond, retournement haussier aujourd'hui.la poussée baissiere est finie, on peut y aller fort hausse, bon trade et n'oubliez pas, MONEY MANAGEMENT
USDMXN - pohľad na graf
Pár USDMXN po prudkom štvrtkovom raste v piatok celý rast vymazal a hoci sa stále pohybuje v rastovom trende, tento pokles neveští, žeby tento trend mal dlho pokračovať Za posledné dva mesiaca pár narástol o viac ako 15% a takýto rast už vyžaduje aj korekciu.
USDMXN
The USDMXN increased by 16% in the last period ( green candle ) reaching on this way a key level , i mean the static resistance placed to 21 ( 20,9) . This fast increase caused an overheat on many oscillator (CCI , CDMI , RSI ) as you can see on this chart
A similar set could anticipate a correction ,in this case i found an useful tool in the Bollinger bands with Fibonacci ratios , that indicate as possible target the Lower band 1 ( yellow)
A similar set could anticipate a correction ,in this case i found an useful tool in the Bollinger bands with Fibonacci ratios , that indicate as possible target the Lower band 1 ( yellow)
The winner of this week ...
The winner of this week is the greenback , it sent knockout both yen and euro ( eurusd +1.64% weekly, USDJPY (+1,21% ) The high yield currencies don't went better (USDMXN +2.77, USDZAR +2.85 and USDTRY +5,73) . In my view this trend could invert in the next week , also for policy reason . In fact the USD strength could increase the risk of an trade war . It dent the US exports helping the countries as Germany or Mexico to exports in the US ,increasing the trade gap .
USDMXN - 2 July 2018 Technical Analysis Forecast
- The Fibonacci retracement points offer an interesting scenario, with the current price at the 100% retracement level of the the late 2017 high having set a new 2018 highest level.
- Using the high of 19.9080 set on the 26th of December 2018 and the low of 17.93 set on the 17th of April 2018 the retracement levels are shown below
- Resistance at the 100% level will be strong and support will be at the 61.8% level at 19.1580
USDmxn
The USDMXN failed to breach the static resistance placed to 19.9 ( as you can see on this chart) at the same time the CCI oscillator build a bearish divergence
A correction could to be imminent for the pair , if it will happen a valid target for July could to be the S1 level provided by the Woodie pivot points
A correction could to be imminent for the pair , if it will happen a valid target for July could to be the S1 level provided by the Woodie pivot points
USDmxn
Bonjour à tous,
la semaine a été agitée sur usdmxn et nous avons vu des mouvements de marché importants. en regardant le graphique ci dessous vous verrez l'amplitude du marché.
je pense que le cours va se replier sur 18.25 avant une reprise haussiere.
Bon week end a tous et rendez vous demain pour une analyse d'USDZAR
la semaine a été agitée sur usdmxn et nous avons vu des mouvements de marché importants. en regardant le graphique ci dessous vous verrez l'amplitude du marché.
je pense que le cours va se replier sur 18.25 avant une reprise haussiere.
Bon week end a tous et rendez vous demain pour une analyse d'USDZAR