HomeContributorsTechnical AnalysisElliott Wave Analysis: USDMXN And Crude Oil Intra-day Update

Elliott Wave Analysis: USDMXN And Crude Oil Intra-day Update

The USD fell in the last 24 hours and pushed prices nicely to the downside, through 19.20 support level so it appears that bears can stay in control now, especially if that’s wave three of three headed to 19.00.

USDMXN, 1h

Crude oil is definitely helping USD to move lower, since price turned up from wave four and is now in fifth wave that can be underway to 57.00, so more dollar weakness can be seen in todays sessions.

Crude oil, 1h

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading