FX Quant Models: Mexican Peso is oversold, GBP mildly bullish – LondiniumFX

by Alejandro Zambrano

Posted on September 28, 2016 at 09:51 AM

Are you caught off guard by the recent sell-off in Sterling and the resulting rise in EUR/GBP pair to August highs? If so, this segment would come as a relief for those who wish to see a correction in Sterling.

Alejandro Zambrano, Chief Market Analyst at LondiniumFX details his FX Quant Models which suggests the Mexican Peso is now oversold mainly due to the political situation in US. Furthermore, his model also suggests the GBP/USD is at the equilibrium and there is little reason for a sharp move lower from here. However, there is good news for bulls expecting a minor upside move.

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About the Author

Alejandro Zambrano

Alejandro Zambrano combines extensive professional experience and a common-sense attitude to offer LondiniumFX members a strategy that focuses on making fewer, smarter trades and building members’ understanding of the markets and the rationale behind investing. He is also the Global Chief Market Analyst with InvestingCube.com and ATFX UK. Before founding LondiniumFX in 2016, Mr. Zambrano was Head Analyst at FXCM’s London desk.