The US Federal Reserve (Fed) is set to announce its decision on Wednesday, followed by the Bank of Mexico (Banxico) on Thursday. Forecasts suggest that both central banks will maintain their current interest rates. Recent indications from Banxico suggest a leaning towards a more accommodative monetary policy. However, Deputy Governor Irene Espinosa has expressed...
This pair is about to hit major support where it's likely not only to hold but turn and then go on a tear to the upside. The indication is for a +20% run here, from the buy zone, making it well worth the wait - and then a major Buy.
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
Position Trade - USDMXN Monthly: - USDMXN is in a strong downtrend, however it is reaching an UNTESTED DEMAND zone. Hence, I am looking for BUYS in the monthly chart only. Weekly: - Nothing in weekly that are good to buy from Daily: - Nothing in daily that are good to buy from.
Position Trade/s - USDMXN - Massive opportunity to go LONG as there are strong arrival candles reaching MN Demand Zone which is FRESH! Hence, set and forget trades in MN, WK and Daily and Intraday H4 MN Trade/s - To take entry at MN TF WK Trade/s - Take entry at WK TF - However, price might pierce through re-tested WK demand zone as there were multiple...
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...
On Monday, the euro rose 0.5% against the dollar to1.1045, hitting a 10-day high o1.1050.Since hitting a 14-month high of1.10755 earlier this month, the euro has returned to above1.10 for the first time.It can be observed that it is difficult for the dollar to consolidate last week's gains in the near future, because the upcoming data may show a slowdown in US...
USDMXN retesting support levels near demand zone and is likekly to rebound. Exit at 1st supply zone
here's my analysis on usd/mxn don't get caught up to much in the fundamentals here, this is a technical entry utilizing market structure and OB Disclaimer - Information Shared is for educational and Demo purposes Only
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...
The long term outlook on the monthly time frames shows a very strong US Dollar against the Mexican Peso (MXN). The Mexican Peso has strongly recovered against the Dollar since May 2020, this analysis is similar to the weakness of the Dollar against the South African Rand. The price levels have eventually returned to the demand zone at 17-18 price handle Naturally...
On the monthly timeframe, we have a CHOCH. The long term trend before the break was bullish. Currently we are awaiting bullish correction targeting the upside. On the Daily time frame we have a CHOCH that confirms our bullish outlook. We have our sell orders at 17.94130 and exit at 19.30045, a 10 RR.
USDMXN tested previous lows and got rejected. It may have formed the start of a double bottom a will likely bounce back up. Exit at 2nd supply zone.
USDMXN long call Trend reversal is spotted and confirmed, as on hourly chart it has already stopped making new lows and made new higher lows. Hence it can be good to ride in phases. EP: Current Price SL: 18.32051 TP1: 18.51147 RRR: 1.25 TP2: 18.64540
USDMXN reversal about to happen. Exit at 6th 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 can...