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...
The BoJ, if anything, made it's "guidance" even murkier (as if that were anyway possible) with it's most recent policy announcements. E.g., let's just say that the Yen, currently residing just below the miner-frog's hind quarters, has a better chance to start working it's way higher than otherwise. Simultaneously, the Mexican Peso, having just completed a couple...
The Mexican peso (MXN) is one of the conventional high-beta currencies traded on the forex market, making it extremely susceptible to changes in risk sentiment on global financial markets. When MXN inflows occur, it usually signals that investors are willing to take risks. In the last three months, USD/MXN has lost 3%, making the peso one of the best-performing...
Keep it simple, watch the long-term downtrend and 180 days moving average. Watch the Dollar Index and Mexican Inflation. This one could turn bearish quite fast.
while the peso keeps going down this is a perfect opportunity for buyers taking over control
At Demand zone found some nice structure will keep you guys updated on this one
USDMXN - Peso trade idea. Technical View Pattern - Triple Bottom Support - 19.93810, 19.85110, 19.81000 Resistance - 20.09215, 20.21170, 20.31620 50 EMA - key support zone 200 EMA - Key Resistance zone EM Currency pair - PESO yields had a nice move... We could extend further to 1.618 area! Key tip: Trade your own trade plan for further confidence Trade...
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...
Hello traders! I hope you are doing okay in these stressful times. I have been monitoring my USD/MXN long (now in drawdown) and checking again that I have my facts right: is it a good idea? The timing of it maybe stinks (got in too early?) but the general idea seems sound. Today I look at: - US Oil and MXN correlation in the last ten years, and where in the...
based off my analysis i believe this will be the best time to sell euro. However we are still waiting for the markets to react on monday than psosibly this week. make sure to keep a close eye. This is most likely going to be a bull run downwards.
Hi Traders, I'm looking at the strong peso this week. The dollar is weak, especially following the unemployment rate, plus the technical analysis shows a strong peso since it broke down the triangle chart pattern I setup. Comment on what you think, or maybe you have a different view on this chart.
USD / MXN looks good to accumulate longs Target new highs SL below 23
USD / MXN was one of the biggest devaluations in these days Price should retrace to the 21.5-22.2 level and then continue the bullish trend
After the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run. I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies. In the long run, the descending triangle shows bearish for USD/MXN.
This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Good Luck!!!!!!!!!!!