Observaciones: patron de cambio de estructura en tendencia bajista presentando divergencia en los 2 ultimos (LL) apoyado de punto de pivote daily
To be brief, Mexican growth is slowing with prospects for the G20 economy to slow further. Technicals oscillators shown below indicate a buy as well. This buy is a bit crowded however, so I wouldn't be surprised if the contrarian sell comes in strong. But I lean long. If you like my analysis, please feel free to check out my other work at...
USD/MXN has been giving us some serious pips since November! We captured over 1,400 on the latest sell-off, followed by 400 plus pips recently on a short-lived buy. If you refer to my linked idea below related to the reversal after the drop, you will see in my updates how the 200 MA provided resistance, to which I immediately closed my buy position. This area also...
USDMXN broke out of the one month long consolidation, we now have a possible bullish reversal and we can try to catch this retest for a long trade in the kill zone as shown in the chart above. Target one is as shown in chart but there more upside if we break above that level as well
So the short position a few weeks ago went beautifully, you can check on my profile. We arenow looking for reversal
Due to stochastic and wave trend analysis, i see this pair bullish right now. Profit Targets: 20,08 20,16 20,25 Stoploss: 19,8 Have a nice day , Berk
Price broke key level and retested as resistance. Going short. TP1: -27 fib level TP2: -61.80 level
USDMXN, has multiple resistance levels that has only been tested two times. If the upper resistance line continues to hold, I would expect the bulls to sell off and the bears to step up. -StampsFX
I see bullish divergence on macd historgram at 4hr chart for USD/MXN pair . Profit targets: 20,25 20,32(Strong resistance) 20,39 20,50 Stop loss: 20,06 Have a nice day
THE MXN IS BEING UNDER PRESSURE DUE TO THE STRENGTHENING OF THE USD AND THE UNCERTAINTY ABOUT THE POLICIES OF THE NEW PRESIDENT AMLO. CLEARLY WE CAN SEE THE DAILY STRUCTURE OF THIS PAIR WHICH IS TESTING THE UPPER TRENDLINE AND GIVING US A POSSIBLE SCENARIO FOR GOING SHORT AROUND THE RESISTANCE ZONE BETWEEN 20.86 & 20.96 WITH STOP LOSE UP TO 21. LETS SEE HOW IT DEVELOPS!!!
2 POSIBILIDADES,(1) COMPLETA EL PATRÓN ÁRMONICO, CHOCA CON LA ZONA DE RESISTENCIA VISTA EN DAILY TOMÁNDOLA COMO TECHO Y EL PRECIO COMIENZA A CAER, Ó (2) ROMPE LA ZONA DE RESISTENCIA, INVALIDA EL PATRÓN Y POSTERIORMENTE RETESTEA LA ZONA DE RESISTENCIA COMO UN PISO PARA DESPÚES CONTINUAR SUBIENDO.
Looks like rally started. I think the direction will be up. Don't forget to do your risk analysis.
Waiting for down retracement before moving up
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.
First target 18 then 18.6 Technical setup: +broke the triangle consolidation, +H&S, +Stoch. 18 is also a psychological resistance, just watch it...
USD/MXN 1H Chart: Channel Down The American Dollar was trading against the Mexican Peso in a medium-term ascending channel. However, after a data release on the US CPI the buck entered into a seven hour downfall and lost 1.3% in value. Such depreciation led to appearance of the current short-term descending channel with two reaction highs and once...
USD/MXN 1H Chart: Channel Up The American Dollar is appreciating against the Mexican Peso in a medium-term and short-term ascending channels. At the moment, the channel consists of three reaction highs and three reaction lows and, thus, might be cease to exist in the upcoming days. The fact that the currency pair is gradually approaching to the lower...