BROKE SUPPORT AT 18.80, WAITING FOR RETEST AT SUCH SUPPORT THEN SHOULD BE LAUNCHING DOWN TO THE NEXT RESISTANCE AROUND 18.55
Hey everyone! I hope it was a great sunny weekend for everyone of you guys. Here in Germany it was beautiful, like this setup we are looking at. Found it during my weekend trading routine. USDMXN looks super clean from now as there was bullish momentum during the last week. Forming a peak high formation now with a divergence on the RSI could indicate another...
Here we can look from a bird's eye view and see that this is likely still a large triangle taking place. We are testing the minimum targets of a 5 wave sequence from November highs. It is very possible that this can start forming a base at current levels since the target has been reached however extensions below come in at 18.53. The likelihood of a base...
Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 50 and 61.8% weekly retracement levels at 5.09; and we can expect a continuation. There is scope...
To be brief, Mexican growth is slowing with prospects for the G20 economy to slow further. Technicals oscillators shown below indicate a buy as well. This buy is a bit crowded however, so I wouldn't be surprised if the contrarian sell comes in strong. But I lean long. If you like my analysis, please feel free to check out my other work at...
This Looks like a big fat flag. What are your thoughts? Comment below.
Its dunn. DO it. Shart. Sewn fresh contract. This contract will be worth the ink it doesnt have. oohc oohc
Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 38.2% level at 5.09; and we can expect a continuation. There is scope here for as high as...
USD/MXN. The rate increase by The Bank of Mexico last week was great for this pair, and the peso regained strength. If the DXY continues to fall we can hope to see this move. You won’t want to miss this one. 1400 plus pips possible over the entire swing trade. Trade at your own risk and be sure to use proper risk management.
BTC afronta unos soportes y resistencias historicos . Si todo sale bien y re-apunta a una estructura alcista podremos ver un buen 2019. Todo el 2018 fue de regulaciones, cabe la posibilidad que este 2019 sea de adopcion del comercio crypto. Por el momento sera una configuracion bajista hasta que no rompa estructura.
I think the Peso will regain strength over time from this juncture. The weekly Time@Mode trend signal we had here expires next week but price already seems to be trending down in the daily timeframe, and broke a previous weekly low, so I think we're safe to assume the decline started already. The G20 talks and oil related news might be behind the strength in...
USDMXN is showing weakness and also calling for the end of the move up. besides that channel is also forming a wedge where I expect a move down to 19-18.5 and then a re-test of the lower support. As I always say, let's check for confirmation before entering a short, I may enter a position next Monday.
This a trend analysis on USD/MXN. Our first indicator on an uptrend comes from the golden cross on October 26, 50 MA crossed the 100 MA. Last two times it happened we saw important increases which should mean midterm profit. Both the stochastic and RSI are pointing up, but buyers are getting tired, so my entry point should be between 19.43-19.83 with a...
The Mexican peso seems to be recovering and although it is important to see how it reacts to the supports, everything indicates that it will remain positive until the end of December. It is important that I keep an eye on the news and reactions to the new president, but in general the analysis gives enough information to be reliable. Follow you own plan. Best...
Looking at the EURO/Peso This is should be a strong sell for the week but I'm searching for the perfect entry. Looking at the trend up I dont think it is ready to break this trend line. I would look for it to push up to a area of resistance then start to push down strong enough to break through the trend line and hit a lower level of support. This might take some...
There is enough information to push this pair, the critical area shows an important cluster of resistance near September 20. As always this is just a part of the information that should be compared and taken into account with many other variables. Best wishes to all.
Just adding a little more information to the chart "Nothing is forever" that is still open and serves as a perfect reference.