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Webinar by "iiivb" January 23, 2017

@iiivb
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The Mexican Peso in 2017

We discuss the Mexican Peso against the US Dollar in this video, looking at the history, fundamentals and technicals of the Mexican economy and its currency.
https://www.youtube.com/watch?v=GLVqc9OL-OU
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USD/MXN - Ascending Triangle!


Charts: 4Hours, 1 Day.
Elements used: Fibonacci Retracements,Fibonacci Fan Lines,Support & Resistance Levels , MACD, EMA 200,100,50.
Current Level : 13.2248

Mexican Peso starting from May has begin building a large support zone at (11.92) price leve from which it weaken against the us dollar which begin to gain more and more strength every day in a sharp bull rise .After this movement the pair begin to move in a range which now seen on the chart below looks like an ascending
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UPDATE 1: This prediction is excelent. It seems that i predicted very accuratly the triangle pattern.At the fast rate this pair move the current price level of 13.08 could easly transform and reach the target very easly.

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