I was down in Mexico over the past week and most people were commenting about how weak the dollar was against the Peso. While I was there, the dollar made a move from the low SWB:16S to $18. Most people kept saying that if it gets to $18-$20, you should sell your dollars to buy more pesos, because the dollar will decline against the peso over the long term....
I anticipate the antiglobalism movement will enrich Mexico for cheap labor (unless Trump gets elected then the Peso will melt down due to the tariffs) where China is already passing our own tariffs by exporting to Mexico where it gets a new shiny label and tariffs don't apply. I believe a billionaire has made moves to gather up the trucking and logistic companies...
BLACKBULL:USDMXN Time Frame H1 - Looking for price to head hunt for SSL (Sell Side Liquidity) before moving up - SSL zone also lines up with our buy zone 17.03826-16.95941 Outlook 👁️🗨️ - Equal highs at 17.4189 - If you wanted a safer exit i'd recommend 17.3000
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)
AMEX:EWW MEXICO fibonacci resistance coming up on the monthly chart
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Looking for a long with stop at $3720 and first target of 70% at $5000 Mirando por una posicion en tendencia alcista. entrada precio actual, Stop o precio de salida en negativo $3720 y primer Target, 5000 70% de la posicion sale con 1er target y el otro 30 queda para seguir en long
This is one of the pairs that I enjoy charting. When UsdMxn has the right amount of momentum, you can really see this pair perform well. We are watching this pair for a potential upside move. Does it have the ability to push up from here? *This is not considered financial advice. This is for educational purposes only. Thank you for your positive rating and feel...
- 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
Insight: - Central Bank of Mexico said that they will need to stray from Fed soon. - Fed stay on aggressive hike
The inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia. This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and...
the mex peso is in a clear uptrend vs USD; and is now sitting at multi year pivot price right before mexico central bank decision later day! I'm extremely bullish MXN
Risk-to-Reward: +4.43 USDMXN BUY @ 20.43925 Stop Loss: 20.31274 Take Profit: 21.00000 Use Risk To Reward For Risk Free Trade management ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader and I go with the...
Oversold Yen , Peso Has Enjoyed The Commodities Strength Per The Bcom We Could See Weakness Oil Is Generally The Last To Drop In The Business Cycle Look Out Below If This Plays Out Great R/R Trade
while the peso keeps going down this is a perfect opportunity for buyers taking over control
We are holding long term USDMXN long. This short is intraday one and pretty much 100% technical analysis.
USD have up spike because of the very red manufacturing due to omicron. This will fade as omicron will gone soon.