Mexican Peso -16/4/2024For the 1st time im noticing the peso is following the S&P500, far as the Peso goes it had 16 weeks of commercial market shorting the currency.
we may be holding this trade for another week or two.
Mexican Peso - 16/4/2024Mexican Peso, 16 weeks of short positions compiled for the Peso. This data was gathered by the use of the COT report
even with economic growth alongside interest rates which is a positive for the peso. I do believe in the short term peso is over extended.
Mexican Peso 4/11/2023Interesting price rejection after CPI numbers came out, Peso has not been this high since 2016, 2017. major commercial and non commercial contracts are loading up on the Sell side, price action must confirm.
Mexico’s Manufacturing Boom Lifted Peso to 5-Year HighCME: USD/Mexican Peso ( CME:6M1! )
What’s the strongest currency in 2023? Hint: Not the US dollar.
• Although dollar index has rallied nearly 6% in the past two months, it gained just 2.1 points, or +1.9%, year-to-date, to settle at 105.583 as of September 22, 2023.
• British Pound futures ( SEED_T
USDMXN | Elliott, COT, VOLUME | SHORTTechnically and fundamentally, the fall of USDMXN is expected
1) Futures volume remains high (for MXNUSD futures )
2) Large speculators close short and open long (for MXNUSD futures )
3) Open interest grow (for MXNUSD futures )
4) Fibo level 0.382 from wave 3 almost reached
5) Need one wave down fo
6M analysisHello my friends
the analysis of this market shows that there is a very high probability that in the coming days will experience an uptrend for more information please contact me on
youssef.lyazidi5@gmail.com
6M! forming Ascending Triangle, sign of accumulationMarket Structure:
- 6M has been in consolidation since late of March, and currently it is forming Ascending Triangle pattern in low and high Timeframe
- Ascending Triangle with higher Lows and same Highs at 0.0421, which is bullish pattern
- 6M has plunge 28.6% from the High, with now trading at rec
I recommend buying but you have to wait for the right timeI recommend buying but you have to wait for the right time
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Frequently Asked Questions
The nearest expiration date for Mexican Peso Futures (Dec 2013) is Dec 16, 2013.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Mexican Peso Futures (Dec 2013) before Dec 16, 2013.