USDMXN long retracement; Sellers are getting exhausted as seen by the CCI indicator, the price is at a strong support level and the down fractal indicates a bullish trend.
The USD/MXN is near the 20.71000 level in early trading this morning as the Forex pair has continued to demonstrate an incremental ability to traverse lower. Speculators who have been pursuing selling positions of the USD/MXN since it hit apex highs of 22.15000 approximately on the 25th of November may think the Forex pair remains attractive from a bearish...
The USD/MXN has experienced a volatile trading range the past handful of days in the wake of the Omicron coronavirus news. After touching a high water mark of nearly 22.16000 on the 26th of November, the USD/MXN has seen selling and a low of 21.11000 approximately was tested yesterday. A reversal upwards was demonstrated after Wednesday’s lowest depths, and the...
According to Price Action Résistance level Broken CCI Above 200 Confirmation
This exotic currency pair has been in a bullish trend over the past few weeks, due mostly to USD strength. The news of the origin of a potentially dangerous coronavirus variant emerging in South Africa at the end of last week caused many countries to shut their doors on South African and other African travel, and strongly hit the price of Crude Oil on fears of...
According to Price Action and Major Resistance Level TP and SL
Hi traders. Given USD strength the past couple days This USD pair looks to be the most interesting if it can play out this could be an explosive move higher. On the other hand if it breaks back below it would also be a nice short trade. Keep in mind the risk off sentiment in the markets as it will play a key role.
This pair has been making lower highs against a flat resistance. How long can it hold?
USDMXN idea. Price has been maintaining a steady uptrend breaking previous zones.
This pair is now approaching daily and weekly support and resistance level. A short trade from this level would a very high probability trade.
A Quick Short Here With This Pair::: FIBS For TP 1$2
sHello team. we have located a continuation pattern on a break and retest of structure. possible entries could be. waiting on a break and retest. please leave a comment
USDMXN BULL prive movement prediction usdsgd mine own perspective so what's your consideration on the price movement please comment in the below section ? I believe that. So what is your expectations in comment below. So guys Let's look at it 😍😍😍🥰😍😍😍😍 with #hasanat_hussain_al_ahmed_hasan Learn forex then thought to does earn
Possible Cup and Handle Pattern Target $20.85
Last week I attempted to short the usd/mxn and it didn't work out to say the least. This week I am back for more. The trend is still bearish and we are still below the midpoint of the range (rectangle). Selling here or higher with a stop above todays high at 20.4000. Hopefully the spike up marked the top and there will be continuation to the downside over the...
After observing price is finding resistance at $20.00, and Stochastic indicator is at a level of 92 (pverbought), price might move downward to a lower low, probably $19.50 I am personally entering a short position STOP LOSS $20.02 TARGET 1: $19.70 TARGET 2: $19.60 TARGET 3: $19.50 Not financial advice, do your own research...
USD/MXN has been in a range since early December but I think its getting ready to breakout to the downside. As long as price stays below 20.0000, I could see a move all the way down to 18.5000 near the pre covid lows. I think the FED has been clear about its policy and any reflation should positive for the peso. The move in crude oil should also be a tailwind.