According with the waves count and considering that we are in a supply zone, we have a long opportunity with this pair. We will wait the confirmation in lowers timeframes to set our SL
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The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023. In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow. It's anticipated that Banxico could decrease its interest rate from 11.25% to 11%, potentially applying pressure on the Mexican peso. This...
4 HR downtrend, 1HR supply entry into new lows. 5.5:1 RR.
well well well, the pesso is one to be worked with care, so it makes since to trap and pull when news hit
USDMXN has been under pressure for a few days now and I am not expecting it to stop soon. The US Dollar has been going down because of expected rates cuts to come this year and the mexican peso still benefits from a tighter monetary policy. Now that the fundamentals are in the favor of a continuation to the downside, we can observe on the daily timeframe the...
USDMXN has had difficulties creating higher structure while slowy going down on every failed attempt to break higher. Price has recently broken below a key support which shows that sellers are in control especially knowing the macro economics circumstances. My target is at 16.82000 .
Sell opportunity Rectangle Bottom Pattern Look to short the breakout to the next level
On that last push I see two points of interest to kick my shorts and I'll force one breaking under 16.98
I see two possible liquidity points to go through, overlapping a fib using an OTE I would like to see 14.50 before we can make a good push-up again.
This Monthly FORECAST Opportunity for USDMXN. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
The latest data from the U.S. Commodity Futures Trading Commission and LSEG indicates a decrease in speculators' net short positions on the U.S. dollar, coinciding with the greenback's rebound amid reduced expectations of Federal Reserve easing in March. The value of net short dollar positions fell to $9.799 billion, down from $12.7 billion the previous week,...
for a long time, I have wanted to see a cheaper peso. do not trust this much since my conviction is more than my bais.
The USDMXN pair gave us the most optimal sell signal on our last analysis (October 09 2023) and after hitting our 17.0500 target, is consolidating: This consolidation is on 1D RSI terms, similar to September 28 - October 28 2022, when the RSI Triangle broke downwards and with that, the price was detached from the 1D MA50 (blue trend-line) and aggressively...
This Week FORECAST Opportunity for USDMXN. This setup trading idea is for intraday. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
BSL taken, unmitigated bullish order block, and inducements which has formed top side liquidity.
Dollar vs Peso just hit a upward trend.. very likely that it continues up in the short term. Likely scenario for a sideways direction and then maybe a reversal to flat 17.
I have initiated a long position in the USDMXN forex market as the price has reached a significant demand zone. This trade decision is backed by a comprehensive analysis of market conditions, where I have identified key technical indicators and chart patterns that suggest a high probability of an upward movement. The USDMXN pair has shown a clear bounce off the...