|
|
|
Forum Guru
 
Group: Administrators
Last Login: 8/25/2010 9:38:53 AM
Posts: 69,
Visits: 35
|
|
TRADING CENTRAL's FX OPTIONS TRADE ALERT
Mexican Peso Trading OUTLOOK
14:01 GMT - 10:01 NYT - Tuesday, August 2, 2010
PZO (USD/MXN): further USD weakness expected
Pivot: 128.50
Our forecast: Down move towards 121.50 or even 116.75.
Comment: The pair has broken below its rising trend line and should reach its previous low, the RSI is badly directed.
To leverage our Trend Opinion on Mexican Peso, we selected the following strategy.
Buy PZO Sep 10 125 PUT
Click here to view supporting charts and data for our trade alert:
http://www.fxoptions.com/Site/NewTradeAlerts.aspx
|
|