Hello Traders,
The USDMXN appears to be continuing its downward movement following a short move upward. Hidden Bearish Divergence is forming on the 12H MACD/Price Chart. RSI has just moved out of OVERSOLD territory on the 12H as well. On the 3H, price is being rejected off the 50-EMA and Hidden Bearish Divergence is also forming on the MACD/Price Chart.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
The USDMXN appears to be continuing its downward movement following a short move upward. Hidden Bearish Divergence is forming on the 12H MACD/Price Chart. RSI has just moved out of OVERSOLD territory on the 12H as well. On the 3H, price is being rejected off the 50-EMA and Hidden Bearish Divergence is also forming on the MACD/Price Chart.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.