Saturday 28 May 2016

MXN/USD

My last bearish signal for the MXN/USD ratio was on  5 March 2016.Since then price of MXN/USD fell by 3.9%.This week I got a bullish signal for this currency ratio based on the net number of new long contracts opened(34,650) vs net number of old short contracts closed(2,759) in the last 3 weeks.This means that new long contracts opened outnumbered old short contracts closed by almost 13 to 1.This is bullish and I expect  MXN/USD to rise in the coming days/weeks.Check out my strategy and trackrecord2016 file on my free websites:http://cotreportfreeswingcharts.my-free.website/ and 

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