Mentorship

Mentorship

Mexico

16 Mar 2013 ‚óŹ 05:12 AM

Mexico has relapsed into a wave 3 decline, breaking some long term trendlines. Makes me believe that a multi-year rising wedge completed here. Wave E was a wedge in itself. This markets bubble appears burst. The first of the global bubbles to burst, post global monetary stimulation. 

mexico

The USDMXN continued to strengthen recently diverging from the stock market and the dollar rally, which baffled me but such lead lad divergences are common in most markets as it takes time for investors to react to a trend. However on taking a closer look the USDMXN is forming an ending diagonal with a throwunder which should be almost complete soon.

usdmxn

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