Joel_Ochoa

Joel_Ochoa

After the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run. I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies. In the long run, the descending triangle shows bearish for USD/MXN.

Joel_Ochoa

By looking at the chart, I believe TRX has completed its correction. I am expecting the price to go back to 0.022 soon. The MACD has given us a bullish signal.

Joel_Ochoa

As the increase of Covid-19 cases in South Korea keeps increasing (Currently 433 cases), I expect the Korean Won to drop heavily during the following days and weeks. The new cases have increased the fears about greater transmission outside China. I expect the USDKRW to go higher, especially since the possibility of closing businesses due to the virus. I am...

Joel_Ochoa

During the trading session on Monday and Tuesday the Mexican peso has recovered. I expect the US Congress will pass the U.S.-Mexico-Canada Agreement in a few weeks. That should help the Mexican Peso to break the support 19.5 (Green Line). I also expect the trade between the United States and China to come down before the US elections. It is important to notice...

Joel_Ochoa

After Mexico and the USA reached a deal to curb migration and avoid tariffs on Mexican imports, the Mexican peso strengthened around 2 percent against the dollar during the Asian trading. I expect the USDMXN to go lower during the American trade session as well. In the long run, I still believe USDMXN will go lower than 18.90 if there are no more conflicts between...

Joel_Ochoa Updated 

The Mexican peso looks strong. It broke to the downside during the US session and bottomed today at 18.95. I see two supports. The immediate support is the 18.90 area. If we break that support, we could go to the second strong support at 18.75, especially if oil price does not fall. Also, both the daily MACD and RSI give us a bearish signal. On the other hand,...

Joel_Ochoa

By looking at the chart, I believe TRX can be one of the best altcoins to hold against Bitcoin. If we break the 423 level, we could go to the first resistance around 500. Both the daily MA and MACD are given us a bullish signal. There is some good news from TRX. First, China's Ministry of Industry and Information Technology released the 12th update of its crypto...

Joel_Ochoa

The bitcoin market rallied a bit on Friday and Saturday, reaching towards the same resistance areas that we had seen previously during the last week. The recovery shows that there are plenty of buyers waiting for any opportunity to buy Bitcoin. At this point, the market seems similar to the rally we had at the end of 2017. If we break the 8250 level, the market...

Joel_Ochoa

Oil prices rallied the last few days. The uptrend line has held and so has the 50 day EMA and the MACD. I see a good support around 60.6 and resistant around 65. At this point, I see oil prices breaking the resistant. Any pullback should be a good opportunity to buy as soon it doesn't break the support.

Joel_Ochoa

As I said two weeks ago, the AUDUSD went lower than 0.70 and now I believe it will go to 0.68 where there is a strong support from January 2016 for the following reasons: 1- US Dollar Index is on the Upside. 2-The weekly MACD looks bearish. 3- Bad news from the Reserve Bank of Australia. 4- US-China trade war: AUD seen as a proxy for China’s economic...

Joel_Ochoa Updated 

Everybody now is looking at the Bitcoin bull race. However, I am expecting an Alts bull race soon. One of the Alt coins I am looking at is BNB. After the massive hack, the Binance coin took a plummeted during the week. However, I expect a comeback from this coin. There is a small support around 0.2967 that could be a buying opportunity depending of your...

Joel_Ochoa

After breaking the 2yr highs a couple of days ago, now it seems we will get close to 1210, a level reached on January 2017. I expect the USDKRW to go higher, especially since the slowdown in local economy and not good news from the US/China trade talks. I do not recommend buying the KRW at his levels. Any bad news from US/China trade talks will make the KRW go...

Joel_Ochoa

Hi everyone, We broke the triangle in favor of the US dollar. If the US/China trade talks go well on Friday we could see a come back from the MX peso. However, if we do not have good news on Friday, we could see soon the USDMXN around 19.50.

Joel_Ochoa Updated 

Hi everyone, Looking at the weekly chart, both the MACD and RSI give us a bullish signal. We could see a small pullback during this week but we should keep going up in the short and long run. If you are going for a long position, any pullback can be a good opportunity to accumulate more bitcoin.

Joel_Ochoa

Hi everyone, After the market rallied during the last week in favor of the US dollar , we sold off later in the day making the chart bearish in the short run. It seems we are forming a descending triangle . We could go to 18.75 soon, and that could be a break to 18.50, especially if oil price don't fall. On the other hand, if we go bullish , I expect the...

Joel_Ochoa

Hi everyone, It seems that the Australian dollar has broken significant support and keeps the focus lower in price. I expect the AUDUSD to go lower around 0.68 for the following reasons: 1- US Dollar Index is on the Upside. 2-The weekly MACD looks bearish. 3- Bad news from the Reserve Bank of Australia. 4- No good news from China. On the other hand, this...

Joel_Ochoa

Hi everyone, Oil prices spiked on Monday on news that the Trump administration has opted to take a hardline on Iran. I expect a pullback around 64 - 64.5, however this could be a buy opportunity since the USOIL still looks bullish.

Joel_Ochoa

Hi everyone, Looking at the AUDUSD short term, it seems there will be a pullback after the increase of the AUD due to the release of positive data out of China. However, this could be a buy opportunity since we have massive support at 0.70.