ETHUSD Consolidating an Uptrend
September 11, 2020
BTCUSD Breaks Resistance at 10,639
September 14, 2020
USDMXN CHART PRICE – USDMXN DAILY
The US dollar lost 0.85% in the previous session to continue a downtrend that started August 5th, the relative strength index is entering an oversold status and the price had a downside breakout on the lower bollinger band suggesting a trend change can be expected soon, the moving averages are getting wider on a downward trend and the Ichimoku cloud is way above the current price, we get mixed signals from different indicators as some suggest a trend change and other suggest a downward trend can continue, this is an interesting pair to monitor, there is big potential to go long when the conditions are met, I would wait until the price starts making a recovery and once the trend changes we can capitalize on it.
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.
