• 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  Loses Some Ground
September 28, 2020
BTCUSD Moving Sideways
September 28, 2020

USDMXN Starts the Session With a Small Loss

Published by TradersColo at September 28, 2020
Categories
  • forex
Tags
  • chart patterns
  • technical indicators
  • trend analysis
  • usdmxn
usdmxn daily chart

USDMXN CHART PRICE – USDMXN DAILY

After an aggressive uptrend the US dollar lost some ground to the mexican peso only to recover those loses very quickly, in today’s session the peso is gaining ground but nothing significant, there are fundamental factors that might affect the exchange rate, presidential debates will affect this strongly, bases on fundamental factors it is estimate that the US dollar could get stronger in the upcoming days,however it currently trades very close to the upper bollinger band which indicate that the price is relatively high, while the relative strength index is almost on an overbought status currently at 61%, there is still some room for a long trade but I would not be too confident, i’m gonna wait a few hours to see how the price behaves in order to make a trading decision.

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Your email address will not be published.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

© 2012 - 2021 Traderscolo. All Rights Reserved.