Two possible scenarios:
1. USDMXN will create the next shooting star soon after reaching 20-- this new high and possible psychological resistance, and expecting it to drop back near 19.5 (or lower, possibly at 19 instead which is the 61.8 fib) by next month, or
2. USDMXN will continue rising near 2018 high esp if DXY tries to reach 100 before bouncing down as expected
Either way, this pair is pretty much overbought and due for a strong pullback, especially if we look at its weekly price action, recent bullish candles aren't as big as those back between April-June 2018 and October-November 2018.
Weekly:
Confidence: B (possible for this pair to reach new highs esp if market gets more risk-off overall while at the same time continue pushing DXY to climb to 100 faster-- after already pricing in the 2nd rate cut by Fed this coming September)
1. USDMXN will create the next shooting star soon after reaching 20-- this new high and possible psychological resistance, and expecting it to drop back near 19.5 (or lower, possibly at 19 instead which is the 61.8 fib) by next month, or
2. USDMXN will continue rising near 2018 high esp if DXY tries to reach 100 before bouncing down as expected
Either way, this pair is pretty much overbought and due for a strong pullback, especially if we look at its weekly price action, recent bullish candles aren't as big as those back between April-June 2018 and October-November 2018.
Weekly:
Confidence: B (possible for this pair to reach new highs esp if market gets more risk-off overall while at the same time continue pushing DXY to climb to 100 faster-- after already pricing in the 2nd rate cut by Fed this coming September)
매매 수동청산
Locking in current gains for now before the Fed rate cut next week.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.