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Mexican peso: bounce.

March 15, 2010 at 8:53 am • Posted in Daily Trend Report

Mexican Peso

Pivot: 125
Our Scenario: Long positions above 125 with targets @ 132.2 & 135 in extension.
Alternative Scenario: Below 125 look for further downside with 122.5 & 119.15 as targets.
Comment: the RSI calls for a rebound.


Option Strategy
Option ST 1
Delta ST 0
opinion MT 0
Delta MT 0
Chart Levels
Resistance1 132.2
Resistance2 135
Resistance3 137.5
Support1 125
Support2 122.5
Support3 119.15

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1 Comment

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  1. mary
    April 5, 2010 • 6:22 am

    First Quarter Outlook for Real, Argentine and Mexican Peso

    Our last article reviewed the roller coaster that was 2009 and many of the core themes that influenced FX market pricing and movements throughout the year. Based on further observations our analysis to date indicates that thematic overtones such as liquidity, behavioral unpredictability of the ‘human element’ and over-reaction to basic fundamentals are likely to keep FX market participants firmly entrenched and involved in what could be another dynamic yet unpredictable year ahead.

    For free access to full content please visit:
    http://www.alternativelatininvestor.com/36/forex/first-quarter-outlook-for-real-argentine-and-mexican-peso.html

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