• Home
  • Strategies
  • VPS
  • Education
    • Trading Basics
      • Forex Basics
      • Who Trades Forex and Why?
      • Learn to Trade
    • Top Cryptocurrencies
      • What is Cryptocurrency?
      • The Major Cryptocurrencies Traded Globally
      • Cryptocurrency Liquidity
      • Cryptocurrency Trading Strategies
      • Basic Understanding of Bitcoin
      • Basic Understanding of Ethereum and Its Currency Ether
  • About Us
  • Contact
  • FAQ
  • Glossary
ETHUSD Unable to Break Support at 336.18
September 22, 2020
GBPUSD Uptrend Confirmed
September 23, 2020

USDMXN Big Uptrend

Published by TradersColo at September 22, 2020
Categories
  • forex
Tags
  • chart patterns
  • technical indicators
  • trend analysis
  • usdmxn
usdmxn daily chart

USDMXN CHART PRICE – USDMXN DAILY

After struggling for a while the US dollar has made significant recovery over the Mexican Peso, gaining almost 1 full mexican peso in 4 sessions, this is equal to 10,000 pips, we expect the trend to continue, however it might find a bump on the road at the 21.79 resistance level, the relative strength index tells us that it should not be too much of an issue as there is still room before being considered overbought, current RSI is at 54% price is still at a very good area to go long, the bollinger bands are wide and we can expect volatility in the next sessions.

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.

Share
1
TradersColo
TradersColo

Related posts

October 9, 2020

GBPMXN Breaks Support at 26.67


Read more
eurmxn-traderscolo
October 9, 2020

EURMXN Tests Resistance at 25.18


Read more
October 8, 2020

USDMXN Continues Downtrend


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search Strategies

Browse by Asset Class

  • commodities
  • cryptocurrency
  • debt
  • energy
  • equities
  • forex
  • indices
  • precious metals

Recent Articles

  • 0
    GBPMXN Breaks Support at 26.67
    October 9, 2020
  • eurmxn-traderscolo0
    EURMXN Tests Resistance at 25.18
    October 9, 2020
  • 0
    USDMXN Continues Downtrend
    October 8, 2020
  • 0
    BTCUSD Low Volatility
    October 8, 2020
  • 0
    ETHUSD Unable To Break Resistance at 351.48
    October 7, 2020
  • 0
    LTCUSD Low Volatility
    October 7, 2020

Follow Us for Real Time Updates From Our Analysts

  • Facebook
  • Instagram
  • Twitter

Cookies

Privacy Policy

Risk Disclosure

Terms of Use

Follow TradersColo

© 2020 Traderscolo. All Rights Reserved.