ZenithG

ZenithG

Peso has steadily trended down and I believe it has reached a good support level. I believe in the short term the Peso will climb back up to test recent resistance ~19.50. RSI also shows favorable conditions for an upward trend in price.

ZenithG

It is appearing that the Peso will maintain the trend line but stay within the ~19.50 - ~19.80 channel. RSI is showing possible lower drop but eventually heading back up. If trade talks do not go well, expect Peso to test recent highs and shoot higher in the short term. Shaded zone represents time from now to Oct 15 when tariffs kick in. Also take into account...

ZenithG

After reaching recent highs, to me, the Peso is looking like it wants to start settling within the next shadowed area approx: 18.95 - 19.28ish. Keep in mind the Peso trended in the range for several months this year. 6 Day EMA bounced off the 23 Day EMA and started to trend down as you can see within the chart.

ZenithG

Area of support reflected with green arrows - you'll see the Peso bounce off these areas. Currently, the Peso is in a downward trend and considering recent support, I believe the Peso will break down below support and find a range between 19.25-19.50 for the near term.

ZenithG

Peso dropped below expected but back on track to the shaded area, too much of a pull back for it not to want to climb higher. Thinking Peso should stay in shaded area into the weekend and test 19.90 levels early next week.

ZenithG

Roll of the dice on this one but looking like SPY didn't have enough steam to test recent highs. Stoch RSI & MACD also favor pull back conditions. I am favoring a pull back into the weekend.

ZenithG

Red arrow will show recent resistance, couldn't get past resistance level. Stoch RSI & MACD also favor a pull back. Wouldn't be surprised if a range between 40-42 is maintained

ZenithG

Arrows reflect areas of resistance & support. Twice has resistance been tested with a pull back. Considering Stoch RSI & MACD, looks like possible pull back to 9.04 area, if it breaks through could end up below 9.00.

ZenithG

SPY has tested resistance several times, red arrows show where. Stoch RSI & MACD reflect possible conditions to pull back. SPY is now either going to break through the area of resistance or pull back, stay tuned.

ZenithG

Peso tested recent support and bounced off. Expect peso to range from recent support ~19.70 to recent resistance ~19.90 for remainder of week. Should be testing recent resistance of 19.90 soon

ZenithG

Peso to test recent highs and come back down to support.

ZenithG

Peso to test recent support within the next few days into the holiday. Lower highs from the recent high, triangle forming. Outcome of trade talk will determine a lot

ZenithG

Continuation of recent post - white arrows reflect areas of resistance/bottoms - Green indicate a break through. Peso is looking to bottom at recent low and could bounce up higher from line of resistance

ZenithG

White arrows reflect areas of resistance. Green arrows reflect areas of break through. We can see a break through from recent highs. Next week will be interesting

ZenithG

Peso breaking through recent resistance. It previously attempted to break through multiple times. Previous resistance marked with arrows.