Our free forex signals service trade today is a buy order on the USD/MXN. The pair will go up if the US dollar finds bullish momentum. The USD/MXN pair registered a strong rally in the short term as the Dollar Index edged higher. The currency pair retreated a little, but this could only be a temporary drop. It could test and retest the immediate downside obstacles before resuming its growth. –Are you interested in learning more about CFD brokers? Check our detailed guide- The pair is trading at 19.952 at the time of writing. In the short term, the price action developed a bullish continuation pattern. Still, we’ll have to wait for confirmation before taking action. Yesterday, the US economic data came in mixed. Retail Sales indicator rose by 0.5% versus 0.6% expected, Core Retail Sales registered a 1.1% growth compared to 1.0% estimates, while the Unemployment Claims indicator was reported at 185K in the last week. The USD remains bullish as the FED is expected to hike rates in the upcoming monetary policy meetings. US Industrial Production 0.4% growth expected Today, the US economic data could bring more volatility. For example, the Empire State Manufacturing Index is expected at 0.9 points versus -11.8 in the previous reporting period. Furthermore, Industrial Production may report a 0.4% growth In March, while the Capacity Utilization Rate could appear at 77.8%. Technically, the price could try to resume its growth if it makes a valid breakout from the down-channel pattern. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy USD/MXN at 20.004 Free forex signals entry price and take-profit Instrument: USD/MXN Order Type: BUY STOP Entry price: 20.004 Stop Loss: 19.917 TP1: 20.203 My Risk: 1% Risk / Reward Ratio: 1:2.3 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next GBP/USD Price Remains Positive Above 1.3050, Firm USD to Cap Gains Olimpiu Tuns 2 weeks Our free forex signals service trade today is a buy order on the USD/MXN. The pair will go up if the US dollar finds bullish momentum. The USD/MXN pair registered a strong rally in the short term as the Dollar Index edged higher. The currency pair retreated a little, but this could only be a temporary drop. It could test and retest the immediate downside obstacles before resuming its growth. -Are you interested in learning more about CFD brokers? Check our detailed guide- The pair is trading at 19.952 at the time of writing. In the short term, the price… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
