Trade Alerts, Trend Reports and Opinions by FX Options
Mexican peso: technical rebound in a bearish trend.
August 8, 2011 at 7:42 am • Posted in Daily Trend Report
Mexican Peso
| Pivot: 117.75 |
| Our Scenario: Long positions above 117.75 with targets @ 121.5 & 123.75 in extension. |
| Alternative Scenario: Below 117.75 look for further downside with 115 & 112.9 as targets. |
| Comment: the RSI has broken above a MT declining trend line as the pair is challenging its resistance. |
| Option Strategy |
| Option ST |
1 |
| Delta ST |
0 |
| opinion MT |
-1 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
121.5 |
| Resistance2 |
123.75 |
| Resistance3 |
125.15 |
| Support1 |
117.75 |
| Support2 |
115 |
| Support3 |
112.9 |
