Pennant on Mexican Peso's Chart Hints at Further Advances
The Peso is standoubt performer versus the Dollar, rising 10% over the Summer. A NAFTA detente may be close at hand which would drive it higher while a pennant pattern on the charts provides a technical signal of possible further appreciation.
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EUR/JPY has pulled back into what traders call 'the buyzone' on daily charts, which is the space between the 10 and 20 moving averages (MAs), which many traders see as the optimum time to buy in the middle of an up-trending market.
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