USDMXN Finally Responds

USDMXN CHART PRICE – USDMXN DAILY

The US dollar made significant gains against the mexican peso, in today’s trading session it had gains of 1.26% we had not seen this gains since the beginning of august, this could be the sigal we have been waiting for to go long on this pair, the bollinger bands are wide and the price is getting away from the lowe band, the relative strength index went from 28% to 37%, a very significant amount for one day, however we would like to wait and see how the pair behaves during the reopening of the session, this is a great time to keep your eyes on this pair as there could be a big trading opportunity.

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.