TRADING CENTRAL'S FX OPTIONS TREND OPINIONS
10:53 GMT - 06:53 NYT - Monday, March 28, 2011
Mexican Peso Trading OUTLOOK
PZO (USD/MXN): further USD decline expected
Pivot: 122
Our forecast: Down move towards 119 or even 117.10.
Comment: The pair remains within a bullish channel and should face further weakness.
To leverage our Trend Opinion on Mexican Peso, we can use different options :
Buy PZO May 11 119.5 PUT
Buy PZO May 11 121.5 PUT
Buy PZO Jun 11 120 PUT
Click here to view supporting charts and data for our trend opinion :
http://www.fxoptions.com/Site/NewTrendOpinions.aspx
10:53 GMT - 06:53 NYT - Monday, March 28, 2011
Mexican Peso Trading OUTLOOK
PZO (USD/MXN): further USD decline expected
Pivot: 122
Our forecast: Down move towards 119 or even 117.10.
Comment: The pair remains within a bullish channel and should face further weakness.
To leverage our Trend Opinion on Mexican Peso, we can use different options :
Buy PZO May 11 119.5 PUT
Buy PZO May 11 121.5 PUT
Buy PZO Jun 11 120 PUT
Click here to view supporting charts and data for our trend opinion :
http://www.fxoptions.com/Site/NewTrendOpinions.aspx