GBPMXN Possible Trend Change
September 7, 2020
BTCUSD Could Reach Resistance at 10,639
September 7, 2020
EURMXN CHART PRICE – EURMXN DAILY
The Euro has been a losing streak for the last 6 trading sessions and it could continue for a few days, the relative strength index is at 40% which indicates there’s still room to go short, the price is about to exit the Ichimoku cloud which can be seen as a downtrend signal, the price is about to break a resistance level at 25.50 and from there it could consolidate the breakout or have a reversal, the bollinger bands are wide so we can expect high volatility for this pair in the short term, there is a moving average cross suggesting that the downtrend could continue as well.
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.
