It´s been quite fashionable to analyze the USDMXN pair since Mr. Donald Trump has become an official candidate for the presidency of the United States. All his promises had strong influence on the Peso and every time we have any news on Mrs. Hillary Clinton´s advances in the presidential race, Peso recovers strongly against the US Dollar. But if we check a...
We are back to 19.0000 levels, something to see next week if it holds its a good entry point to go long.
second short try for usd mxn ....forming double top with rsi divergence could lead to a nice short move after trendline and Little Support break...
Pressure for the Mexican Peso its not over, until the US elections, the Mexican government attacking debt, and the FED raising rates at December meeting doesn't look going down until DECEMBER-JANUARY 2017 maybe to 18.7000 but for now this is a quick trade.
Long. Fibonacci showing support and current trend is LONG
DETAILS ON CHART
Here is my plan: If it is a 1-2-3 of Wave 5, waiting to confirm for break previous high to first TP, 18.9957 If it is a A-B-C , It will B.O. soon and go down at least bottom of W4. (18,6)
The down movement is at the first started by Central Bank of Mexico auctions of cheap USD, to calm the forex markets, then they realize that the automated auctions guided by a systems of rules, it was making the market more volatile, they said because the automated robots using algorithms, then the raise of interest rates from Mexico, that give the down movement a...
Technicals We have a Gartely pattern set up here. I am looking to go long at 0.03697, which falls between the 0.786 retracement and 1.272 extension along with 1:1 ratio between the AB and CD legs. There is also a divergence on the Relative Strength Index from a heavily oversold condition, supporting a spike from around the current price. Fundamentals...
Bonjour, today our "VIP" members took a breakout trade in the USD/MXN. It quickly hit our profit target of the 1.272 ext of the previous move. 461 pips later we're all happy and cheerful and hope that the new year will bring more great opportunities like this. À bientôt. Maxmillian DuPont (www.myfxlifestyle.com)
The resistence level of circa 17.2400 from August is being tested for the second time having failed to break it in September.
Talk about rejection! Today we saw some crazy dollar strength. As of 3pm, the dollar had made a 100% retracement or 214 bps round-trip from this morning's ECI drop. The market gave a clear signal that it believes - or rather, more likely, wants , a Fed rate hike. That's all that matters, folks. Oil is heading lower. What's more, the technicals strongly support...
Here we have a very solid Gartley pattern form,ed and completed in both the negative deviation of the last 100 and 200 moves. Like with all harmonic patterns i have placed my entry and stops as follows : Limit: 1.618 extension of BC , which meets at where both the 200 move regression and the 100 move positive deviation cross Entry at point B Stop at point...