Long on Mexican Pesos: Technical Indicators and Market Analysis

7 TemThe Mexican Peso has recently reached a Demand area that we have been monitoring for some time, and it has shown a strong rebound from this level. By examining technical indicators such as the Relative Strength Index (RSI) and Stochastic, we can observe that the Peso is currently in an oversold condition, suggesting a potential upward movement.

Furthermore, by analyzing the Commitment of Traders (COT) data, we see additional support for a bullish outlook. The seasonality trends of the Mexican Peso also align with this perspective, indicating that now is an opportune time to consider a long position.

Given these technical and seasonal indicators, we have decided to open a long position on this futures contract. The confluence of the oversold technical indicators, supportive COT data, and favorable seasonal trends provides a strong foundation for our bullish stance on the Mexican Peso.

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15 Tem

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