Price action recently broke out of a mild wedge into a steep upside channel. I am expecting it to fall lightly into lower trendline support and consolidate for a while finding buyers. I will be looking to go long around 18.59434 if lower channel support holds and we get a nice 3 bar bullish candle formation. I will also be looking at the 2hr chart indicators for...
Waiting for down retracement before moving up
ALL DETAILS SHOWING ON CHARTE WE ENTER BUYING AFTER OPENING MARKET
GOOD EVENING EVERYONE Lets look at the usd peso ( usd/mxn ) I love this pair as this pair moves the most out out of any pair . Secondly we are going up and up and up and I love : This market tested the buyers and the buyers did what they do best pushing this market up breaking out some key levels for the sellers and we are now heading into a little correction...
USDMXN broke the dwontrenline and has been going up for sometimes now, and 800EMA was broken as well in the 4hr time frame, I'm expecting USDMXN to continue with the uptrend and test the resistance at 19.24685.
My fellow traders, Now is the time to make decision whether you may invest in USDMXN ,buy for long term. If US index will become higher and higher again, the exchange rate between dollar and peso will rise day by day. Technically and fundamentally , I recommend to BUY USDMXN for long term. A single transaction may even become triple your account balance. Most of...
Closely watch the NFP and French election this week to adjust the setup accordingly.
A simple idea of a rebound in USDMXN. We are at a major key level. I expect a rebound to 18.80 at least www.mql5.com
FX:USDMXN Long the pair. **Note that French election might slow down the USD movement for a while.
Buying USDMXN on major based support down and ichimoku formation. It is very longterm based trade Be careful on trading USDMXN guys Dont forget to trade with proper RM/MM and caution You can see target area blue colored. Stops should be below support Good luck!
Finally! After waiting very patiently we can now enter a BUY on USDMXN. SL in mind of 18.40 USD strength mixed with a little pressure on silver make this pair move :) The only thing to watch for is if it can break the RSI 50 level, if it breaks that, technically speaking we can expect some more. For more signals check out the FB page.
This is one of the setups I'm looking at for next week. The USDMXN on the daily has one of the cleanest trends of any pair recently. However, it has been overextended and is nearing the 200% Fibonacci extension level. At the same time, there's a very strong demand zone close by, around the 18.30000 level. Last time that price dipped into this level, it shot up...
I have previously talked about pairs at extraordinary levels, such as EURDKK. Currently the talk on the street is USD/MXN. It is fascinating how much the dollar has fallen the past months. I publish this to remind everyone that keeping an eye on this one, might be wise. It's either going to fall like a brick or, as I assume, rise again majestically.