USDMXN after the break below the weekly support retest it few times. The market created an ascending h&s pattern and recently broke below a minor support. After the retest we can expect a continuation to the lower levels. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...
LET'S SEE HOW THE MARKET WILL PLAY WITH EXOTIC PAIR!!
The Mexican Peso is gaining strength against the Yen as a recovery in global growth in 2021, reduces the demand for the safe-haven Yen and increases the demand for the Mexican peso. We look at why the Japanese Yen is a safe haven currency of choice, alongside Interest rate differentials that will play a key rol in the outlook for gains in the peso. I give...
Technical & Fundamental View: Fundamental View: Longer term I do see dollar weakening this doesn't mean it's going to 0 and we all jump into crypto's! Just personal opinion but I do think the further QE we have inflation target of 2% DEC FOMC meeting is something I am very interested in and how large will the QE be and given the great vaccine news ..It's...
USDMXN rejected from daily demand zone at level 20.8395 with strong bullish movement Price broke downtrendline Price is based above HVN at level 21.0735 which indicates that pair is in accumulation phase Pair is based above support level at 21.1306 Above SMA 100 It's expected the continuation of bullish momentum to target first resistance level at 22.0093 then...
Segun mi interpretacion el compotamiento del par LTC/MXN a parti del mes de Septiembre sigue un patron tipo fibonacci , este patron se ve retroalimentado por las fuertes fundamentales que hay en el ambiente critpo y de seguir la fuerza de esta señales es muy probable que se llegue a un tope de 1256 MXN ( que son aproximadamente 61.4 USD al tipo de cambio de hoy 22 de Oct)
I know I said EA's a few times I meant EMA....
USD_MXN BROKE OUT OF RESISTANCE. LONG ON PULLBACK (1) The pair is generally in the downtrend (2) But a support formed (3) Together with breakout, its a long (4) A retracement of a strong downward movement on higher timeframe ___________________________________________ LIKE and SUBSCRIBE for QUALITY
Short EURMXN @ 26.30; TP @ 25.11, SL your choice
USDMXN on the daily chart hit the monthly support (purple one) and started a strong bullish impulse. The market hit the upper trendline which is also at the level of a weekly resistance and retraced a bit. IF the price will manage to break and close above that level we can set a nice long order according to PLancton's strategy. ––––– Follow the Shrimp 🦐 Here is...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
USDMXN beautifully touched monthly support and rejected with a daily bullish engulfing. I initiated buy on the next daily candle. Daily also shows bullish divergence on obv and we have been in an uptrend since 1999. Great long term setup looking for new highs on monthly. Lets see what happens considering everything going on in the world. Leave a like and lmk what...
Technical outlook towards EUR/MXN We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why? ***Higher time frame indicates shorter time frame of movement! *** Technical outlook: Pattern wise - we are being squeezed within price action of a...
Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.
Hi traders! USDMXN keeps moving lower, now making a sharp drop through the base channel support line so we see market in wave three of an impulsive wave five that can be underway towards 20.5000.