Technical analysis prediction for the 1st of august 2018

Instrument ; usd mxn

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position ; Long position

price prediction ; 21.5000


weekly chart


Daily chart


usd mxn mkt trend is strongly bullish bias, on the weekly chart technical view, indicates a strong rise in price movement in the recent months and in long term speculation i expect the currency pair to remain bullish bias, Ema signal is uptrend, Rsi (71.37), Macd signal is uptrend while on the daily chart view, mkt trend is strongly bullish bias and continual rise above 21.5000 level could be likely coming months, Ema signal is uptrend, Rsi ( 68.23), Macd signal is uptrend and prediction for the 1st of august 2018 is 21.5000
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