Loughney81's Blog

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Violated the "Falling Wedge"

The top of the wedge setting bullish is been violated.
After an initial phase of prices return (pull back) to $ 13.00 area, we can attend a further increases, which identify the first target at $13.16 - $13.25 and finally $13.38 area.
The "momentum" MACD is in "positive divergence" supporting the view just described. His return to positive area (above the 0 line) will confirm the start of the rebound.
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The Institutional increase long positions

We assume that the institutions are increasing their longpositions on the Mexican peso as shown on the chart below (from -33,940.00 - 11/2 to -1,654.00 - 25/3) with the COT index has exceeded 50.
From the following chart the prices are resting on thesupport dynamic in area 13,00, with the MACD past in negative area. In this
case, you look momentary rebounds with new downward pressures that it will violate the support represented by the blue line ascending.
The forecasts indicate target price 12…
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Convallium avatar

Good analys! Well done!

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