LTCUSD Could Reach Resistance
August 14, 2020
BTCUSD New Highs in a Year
August 17, 2020
USDMXN CHART PRICE – USDMXN DAILY
The US dollar broke its support level at 22.16 on yesterday’s trading session and it continues sinking today, now that we have a breakout confirmation we can expect the price to go lower and potentially reach the next support level at 21.31, this could take some time, but on the short term we see the price going at least to the 21.85 levels since the Relative Strength Index is at 40%, we still have a chance to take advantage of the drop, once it reaches that 30% oversold status it would be time to go long, the price trades below the ichimoku cloud and the bollinger bands are wide, meaning we can expect volatility, the moving averages also indicate that the downtrend could continue.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
