Trade Alerts, Trend Reports and Opinions by FX Options
Mexican peso: under pressure.
September 30, 2010 at 5:49 am • Posted in Daily Trend Report
Mexican Peso
| Pivot: 133 |
| Our Scenario: Short positions below 133 with targets @ 120.5 & 112 in extension. |
| Alternative Scenario: Above 133 look for further upside with 137.4 & 140 as targets. |
| Comment: the RSI is bearish and calls for further decline. |
| Option Strategy |
| Option ST |
-1 |
| Delta ST |
0 |
| opinion MT |
-1 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
133 |
| Resistance2 |
137.4 |
| Resistance3 |
140 |
| Support1 |
120.5 |
| Support2 |
112 |
| Support3 |
105 |
