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USDMXN broke downtrendline Price is based above key level at 20.5560 Price is based on HVN at level 20.6670 which indicates that pair is in accumulation phase MACD shows weakness in bearish momentum It's expected to target resistance level at 20.9320
Short AUDMXN @ 16.06; TP @ 15.23, SL your choice
price hit supply level twice so logically price gonna be touching demand.
Wait for a pull back to horizontal support resistance level and dynamic support resistance level for an entry.
EURMXN Entries Date and Time: 04 MAR 21 12:00 Closing Price and Entry Price: 25.12248 Date and Time: 04 MAR 21 16:00 Closing Price and Entry Price: 25.19305
Select foreign currencies, after Covid/coronavirus bounce-back, have been weakening since early December 2020 - ahead of the NASDAQ (IXIC) question of faith in mid February 2021: Russian ruble RUB/USD, Brazilian real BRL/USD, Colombian peso COP/USD, Mexican peso MXN/USD, Korean won KRW/USD, Thai baht THB/USD, Japanese yen JPY/USD, Euro EUR/USD.
Short AUDMXN @ 16.50; TP @ 15.77, SL your choice
One more trade on big frame, wolves🔥 Great descending triangle on EURMXN currency pair. According to Elliott Waves theory Wave D is done and the price is heading to Wave E. However this triangle may be circumcised and the breakout will be in near future. Follow the chart and look for the breakout carefully. If you enjoy my FREE Technical Analysis , support the...
As we continue to see a nice rally above the Ethereum ATHs, we can now approaching the important psychological barrier of $2000 USD. There has been speculation regarding a ton of limit buy orders at $1800 USD so be sure to watch when we cross into the high teens for ETH. If we take a look at relative price of ETH to BTC , ETHEREUM is still trading at a DISCOUNT....
Trying to assess risk aversion by plotting SPX - EM currencies (TRY MXN RUB) & DXY
Midterm forecast: While the price is above the support 19.5970 , beginning of uptrend is expected. If the support at 19.5970 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 48. ❤️...
📌 Another classical procedure can be witnessed here, the combination of fundamentals and technicals, of BRL and MXN, and a live example of an instrument finding a floor for the long run. This advance would (and of course I am considering) be worth attacking and having some involvement rather than laying bare the base of Brazil and Mexico. The correct play is to...
Hi there. Price is forming a reversal pattern to change its direction. These are the fundamental reasons for a possible USD/MXN bullish scenario: Sentiment shifts: Bullish scenario: A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no...
Peso! It's an EM currency that I enjoy trading the most, it's the behaviour the MXN moves. It's important to seek out how currencies behaviors are. Now let's dive into the technicals: Pattern: Wedge Support: 19.79294 - 19.71330 Resistance: 19.93628 - 20.07432 Long: Above 1st resistance area and close above 20.07400 areas Target areas: 20.4000 - 20.37660 (200...