The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023. In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow. It's anticipated that Banxico could decrease its interest rate from 11.25% to 11%, potentially applying pressure on the Mexican peso. This...
The USDMXN pair gave us the most optimal sell signal on our last analysis (October 09 2023) and after hitting our 17.0500 target, is consolidating: This consolidation is on 1D RSI terms, similar to September 28 - October 28 2022, when the RSI Triangle broke downwards and with that, the price was detached from the 1D MA50 (blue trend-line) and aggressively...
I believe the area of 8.30 may be re-tested soon. Probably just a support re-test.
The pair has broken the down trend line and a probable up movement is expected. Take your profits early, as the pair is in a down trend since the Corona crisis.
USDMXN has converted the 1D MA200 to support and is rising steadily inside a Channel Up. The 1D technical outlook is neutral (RSI = 54.479, MACD = 0.196, ADX = 35.456) so once the current pullback towards the 1D MA50 and the bottom of the Channel Up, is completed, we will buy again and target a new +5.93% rise (TP = 18.8000). A 1D candle close under the 1D MA50,...
The USDMXN pair has been on a strong rise since July 28th, which was a Lower Low at the bottom of a 2-year Bearish Megaphone pattern. The rally has extended to a point where the price is about to test that 2-year top (Lower Highs) Resistance. The previous Lower High was priced exactly on the 0.786 Fibonacci retracement level and the new one is only a fraction away...
The USDMXN has Bearishly Broken Below a Demand Line and backtested it as resiatnce as well as losing the support of the 89 Month EMA; we will now be attempting to crack the BAMM Trigger Line at the level of B and if we break that a Minimum 786-886 retrace would be very likely
USDMXN...DT (BIG PICTURE) SLO3 @ 18.70 (at Supply Zone) SLO2 @ 18.45 (at Mid-Pivot) SLO1 @ 17.66 (at Minor Resistance) TP1 @ 16.85 TP2 @ 15.50 TP3 @ 14.33 BLO1 @ 13.70 (aggressive) BLO2 @ 12.25 (conservative)
We are expecting an almost -10% drop with a little adjustment in for some 2-4 days in a 4h chart. It's maximum drop will get eth to -20% in case it breaks all technical indicator's rules. Recommendations: Since we are not even in half of the month (March) I suggest not entering even in Spot, let's wait for Marubozu candlestick patters to check its volume with MCVR.
MX the exchange token is shown at the side of the study's new increased volume. We will follow this coin at last for the next 24H to see if there are new gains that we can follow for the long term. These updates are daily updates but can change to long-term views if there is a trend building. We try to scan the best possible coins for the coming times, as...
USDMXN did not change much in the last few days, and it can stay that way till FED rate decision tomorrow. From an Elliott wave perspective, it's a still bearish trend, but can be making a fourth wave pullback, still headed towards higher resistance as subwave c is missing. The ideal zone for the next sell-off is at 19.12, while the invalidation level is at 19.51;...
Hi people welcome to team Decrypters we are Expecting this week Reversal on USDMXN pair , its on v key level and if we combined this with our previous Analysis of DXY and VIX .The USD pairs should move upside
It seems that there was a bear trap a couple of weeks ago in USD/MXN. I can see it break to the upside to around $21 but it's gonna take time
- Seasonally MXN is strong in NOC/DEC - Seasonally USD is weak in DEC - COT supports this outlook - Asset Managers + Leveraged Money accumulating Longs - Leveraged Money also distributing Shorts - Looking for a drop from DEC Pivot to DEC S2 - Higher Timeframe objective is Weekly Bullish Orderblock at 18.80 COT: images2.imgbox.com
USDMXN remains bearish and it’s now in a sharp intraday decline aboutwe have been warning about in the past. We see pair now breaking the trendline support and its falling below the important 19.70 level. This may cause more more weakness as a higher degree bearish triangle can come to an end. In fact, MXN has been one of the strongest even when USD was up vs GBP,...
The USDMXN pair largely confirmed our last buy signal almost 2 months ago as after it hit its first Support level, it rebounded aggressively to its Lower Highs trend-lines, as shown on the chart below: We made this accurate projection based on the similarities with the April - June 2021 fractal. The correlation continues to hold as the price is now trading...
hey all and happy weekend as we can see in the chart we have support im still waiting pullback to resstence level to take sell tp1=13.9800 tp2= 13,91600 goodluck dont forget to leave comment if you are agree or no
hello freinds this chart we shows that this market will know a downtrend on next days when i recommend Selling with a fort probability if you have any questions you can write it in commentaire below and i will answer them and please don't forget to support this ideas with your like and comment thank you cordialy