USD/MXN rates are testing critical near-term support, which very well could be the determining factor in the predominant trading trend through the end of the year. While other currencies are benefiting from the US Dollar’s (via the DXY Index) weakness, the reliance the Mexican economy has on the United States has left the Peso struggling relative to other global...
Peso follows the step of the Yuan against the Greenback! Tendency: Downtrend ( Bearish ) Structure: Breakdown | Trendline | Support & Resistance Observation: i. Price moves below support area @ 22.66000 affirms Breakdown structure with indications that the potential for the price to start trending downward is increasing. ii. Price trailing the Bullish Trendline...
price made an impulse move downward and then completed correction. now that it has broke the bearish pennant, wait for sell entry after confirmation. And target is till next swing low.
Wait for break to enter shorts FX:USDMXN FOREXCOM:USDMXN
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OANDA:USDMXN has being on a uptrend roller coaster for the past few days and being showing sings of fake breakout but it's best to wait for the breakout and let it retest the trend line to be sure the uptrend is over. ____________________________________________________________ Traders! support this idea by giving it a thumbs up and HAPPY TRADING.
Descending channel broken and retested, entry when conditions specified on the chart are met
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 19.4900 • Take Profit Level:...
Here are the key factors to keep in mind today for US Dollar trades: US JOLTS Job Openings: US JOLTS Job Openings for August a predicted at 7.191M. Forex traders can compare this to US JOLTS Job Openings for September which were reported at 7.217M. US Wholesale Inventories and Trade Sales: US Final Wholesale Inventories for August are predicted to increase by...
Priceline of US Dollar / Mexican Peso Forex pair is forming a bullish CRAB pattern and soon it will be entered in potential reversal zone insha Allah. Volume profile of complete pattern is showing less interest of traders here RSI is oversold But MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar, so I would suggest when the...
OANDA:USDMXN ----------->Details on the chart. Pipdify, Tamilkumar
OANDA:USDMXN - Sell ||Details on the chart|| ||Pipdify|| Tamilkumar
OANDA:USDMXN -----> Details on the chart. Pipdify Tamilkumar
OANDA:USDMXN 19.24 - Buy 19.09 - sell Simple as that. Pipdified.