For a long time, I maintained a scenario for the Mexican Peso that envisioned a bounce down all the way down to the mid-16s a view that seemed less than likely a few years ago with the Dollar hitting an all-time high at nearly 26 pesos per unit. Sadly I didn't hold strong enough conviction on the move happening to see it all way through, throwing the towel just in...
The touching of the bearish guideline may trigger a sharp move to take the price to 16.30 points.
SL- 17.09143 TP- 17.37522 Good morning and happy Monday! Today we are looking at the 2HR Timeframe. Price made a higher high and pulled back to the 0.886 FIB so that means price is still respecting the previous low. I am now expecting price to continue it's way up. What do you guys think? A thumbs up and a comment would be very appreciated. Thank you and stay...
USDMXN going to hit the flip area of monthly TF. now we have sell opportunity we can sell in LTF below then the TL
On the daily timeframe, the price of USDMXN is displaying a descending channel pattern. This pattern consists of a series of lower highs and lower lows, forming a channel with a downward slope. Currently, the price is within the descending channel pattern and approaching the support level. Given the characteristics of a descending channel pattern, there is a...
The USDMXN has Bearishly Broken Below a Demand Line and backtested it as resiatnce as well as losing the support of the 89 Month EMA; we will now be attempting to crack the BAMM Trigger Line at the level of B and if we break that a Minimum 786-886 retrace would be very likely
1. Usd/Mxn has found support on the day chart. 2. Usd/Mxn has retested that support on the day chart. 3. Usd/Mxn has a double bottom reversal pattern on the day chart. 4. Usd/Mxn has a buy signal on the hour 1 time frame. 5. It is safe to buy and hold usd/mxn
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)
Usd/Mxn is at a Extreme Level of support. Usd/Mxn has bounced from this level of support on the 15 min time frame. The Idea is to buy this trade and put my stop loss under the daily candle. Im using risk management and I will have 3 trades with 3 take profit areas. It will fun for weeks... Please Like and Subscribe
On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April decreased to 4.9%, which is the lowest year-over-year...
usdmxn is on the way to more falling in the deep of the market , please traders be respective and do not think to buy this market just sell it without any thinking I wish all good for you
Looking at usdmxn here i'm seeing a rejection formed with a Bearish OB on the Daily time frame. with Consolidating in a Triangle formation where price has finally broke and closed below this structure.formation At the same time we are breaking A major support area where we can see price continue to drop to the downside!! This is for information and demo...
DXY for me at this point is neutral, im waiting for a broken trend or new lows for more ideas and targets. More DXY will stay here, more the trust in other valutes willl be decreased. So if here will be a consolidation zone, we will see USD more HIGHER , but for this, we need to a broken daily trend. Dont be fomo at this point.
This decline is part of a general pattern in the global currency market, in which the US dollar is losing its strength against other currencies, particularly the euro and the Chinese yuan. The main reason for this decline is the reduction of expectations for economic growth in the United States and concerns about the critical situation of the coronavirus in the...
USDMXN retesting support levels near demand zone and is likekly to rebound. Exit at 1st supply zone
Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Due to the significant decline in US bond yields, investors have been prompted to bet that it will be difficult for the Federal Reserve to raise interest rates further. The peak of US dollar interest rates is expected to come. It seems that the pressure on the yen in terms of interest spreads is being lifted, and the yen has once again returned to a clear strong...
Who loves Tacos al Pastor? In this video, I want to share with you two technical views I have on this exotic currency; the Mexican peso FX:USDMXN Remember, my critical fundamental view is based on the $5bn Tesla is about to invest in the new Nuevo Leon, Monterrey Gigafactory. Above All and All in All: God Bless America...! J.R. Jaén Risk Disclaimer: 1️⃣Past...