NASHTECH

THE MEXICAN PESO PROVIDES ANOTHER OPPORTUNITY FOR LONG POSITIONS

Panjang
FX:USDMXN   Dolar A.S. / Peso Mexico
Last week we saw the the commercials added 8,401 contracts short and reduced about 2551 long positions Change leaving them with total Open Interest of 199,268.the net change in open interest is +11,330 hence we have seen the USDMXN lower this week with 3 consecutive down
consecutive down closes pushing it to the support level 19.40-19-50 area THE MAIN scenario is; should the support level hold for two consecutive days and should the commercials ADD MORE positions on the MEXICAN PESO FUTURES CONTRACT SHORT THIS WEEK ,We Likely going to see the the USDMXN resume the up trend(LONG) to the 20.0000-20.2000 Figure.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.