With summer holiday season fast approaching and the question that you keep asking yourself that just wont go away – no not will England go all the way in this years World Cup, but the more important question – ‘what books should I take with me to the beach for my holiday’ needing to be answered, it’s time for us to present our annual guide on ‘essential beach holiday reading for traders & investors 2018’! The annual ten of the best, may just aid your trading and investing when you return back refreshed from your holiday! [Read more…]
Chart of the day: USDMXN Post Trump victory, things have settled down the other side of the ‘wall’ and the Peso has continued to grow in strength. The question is, how much longer can this strength last? Currently, price on the Kagi chart is heading into a lot of historical noise around the mid 18.5’s and then toward strong Fibonacci resistance at or around 18, which is where the cloud may also provide some downside resistance. If it can break south of the border here, then further Fibonacci targets could be at 16.69 then 15.45. Longer term upside Fibonacci support may be found at 19.7 then back to the record highs just under 22.
