Technical analysis prediction for the 1st of October 2018

Instrument ; usd mxn

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

speculative position ; long position

price prediction ; 19.7000


weekly chart


Daily chart


usd mxn mkt trend is strongly bullish bias and technical view on the weekly chart suggest the currency pair could rise further in the long term speculation, Ema signal is uptrend, Rsi (49.68), macd signal is uptrend while on the daily chart, mkt trend remains bullish bias and i expect the currency pair to rise further probably towards 19.7000 level in coming months, Ema signal is uptrend, Rsi (55.13), macd signal is uptrend and prediction for the 1st of October 2018 is 19.7000
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