MXNJPY Probably a short to 8.30I believe the area of 8.30 may be re-tested soon. Probably just a support re-test.Shortby TheodoreToke1
2 FX Shorts with excellent oddsStarting with the pair which makes no sense at current levels, considering the most meager of rate differentials at +2.5% , were it not for the SNB's deranged policy of "supporting the Swiss Franc as an inflation fighting measure" (while Swiss inflation is barely holding at 2%!) and with the Swiss Franc already at nose-bleed levels. CHFJYP; a 50 year SHORT in the making; The main chart is the MXNJPY - SHORT , also the premier carry-trade - while equities are trying to cling to the remnants of an already burst bubble. While the Bank of Mexico has increased the rate differential (versus the static Yen) two-fold, in short order, that rate differential remained the same since 03/2023 while this pair continued on it's upward trajectory an additional 16%, incidentally inline with the SP500's identical increase during the same period; Both of these pairs are at multi-year technical confluences, both pressing against significant resistance and showing distinct patterns of reversal. SHORT & SHORTShortby Nemo_ConfidatUpdated 111
MXNJPY - (massive) SHORT!The BoJ, if anything, made it's "guidance" even murkier (as if that were anyway possible) with it's most recent policy announcements. E.g., let's just say that the Yen, currently residing just below the miner-frog's hind quarters, has a better chance to start working it's way higher than otherwise. Simultaneously, the Mexican Peso, having just completed a couple of moon-shots (versus the ZAR and the USD, among others) is well positioned for a pause for the cause to catch it's breath. This pair, being one of the premier carry-trades, is also a prime Short candidate to coincide with the much anticipated global equities weakness. Waiting on a Daily Reversal or to see whether this pair finds in itself to make a final push for the Stop Hunt at 8.72. (Don't bet on it!) Look for a Short Entry , anywhere here, with a short target around 6.50 ( ~25%). (... the completed cypher is on the Monthly(!), i.e., it is very powerful!) Here is the 480 min.; Shortby Nemo_Confidat1
MXNJPY $MXNJPY Initial Long (extremely high risk)MXNJPY $MXNJPY Initial Long (extremely high risk). This isn't even a tradable pair for most, but it's worth posting anyway. It's been chopped to h*ll the last few signals, let's see if we can pull out a win here. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset. MLongby loxx1
MXNJPYOversold Yen , Peso Has Enjoyed The Commodities Strength Per The Bcom We Could See Weakness Oil Is Generally The Last To Drop In The Business Cycle Look Out Below If This Plays Out Great R/R Trade MShortby PipsOverPast110
MXNJPY $MXNJPY Initial LongMXNJPY $MXNJPY Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.MLongby loxx2
Bearish move expected on MXNJPYSaw a double top on the 4 hour graph and waited for the neckline break that happened in the last few candles. Set two targets. Aiming for the second one but you never know what might happen.Shortby vahtrekert0
SHORT ON MXNJPYFundamentally JPY has be strong ... Double rejection on the trend line. We also have double top. Then we also have bearish candle closed. You can enter this trade when market opens. or we wait for breakout... or price to break and reject EMA. So basically we are on shorting opportunity MShortby abassexpert1
Buy JPY Sell MXNJPY oversold relative to MXN Expect a rally, can be short term volatility Max divergence on MACD Stoch extreme oversold conditional Potential support area, look left to confirm if not then fade any rally on 4hr or lower time frames if not comfortable going long Why is Yen so oversold relative? When will support reveal? R/R 1.68 T/P .21 S/L .2040? Ask the Q to get the A!!! Shortby aandp4life0
MXN/JPY: AnalysisPossible short on this exotic pair with reasoning highlighted on the chart.MShortby warsam2
The new trend for JPYMXN?The JPYMXN seems to have no clear trend recently. An unstable situation could be a chance for traders! First, I use recent high and low to build a Fib and see if any candle reaches the fib lines. Luckily, I found one, and I marked the retracement with the black dashed line. This dashed line is at around 0.786 level, which is a hard level. Next, I found a falling wedge pattern. This is a bullish signal. I use blue arrow lines to mark out the rising range, which is according to the wedge pattern. Also, the support point of the wedge pattern is the resistance point for the previous Fib. Now let’s see the MACD lines. The reverse already shows up, so we observe a clear cross with the blue line on top. This is also a signal of rising. In conclusion, I would say that the price may go through a bullish in the near future. Longby traderscolo-en3
Ready to buyThe price is lowest in history so I was looking for a chance to buy, and yesterday there was a bullish pinbar, the price broke out of trend and formed a head and shoulder pattern.Longby vanthucbk9
MXNJPY technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 MXNJPY technicaly based idea, technicaly indicators showing we can expect higher recovery phase, we can see price is on border of supportive trend line, based on candels formation expecting to see break of trend line and push up in price till FIBO 0.382 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!by UnknownUnicorn398338821
MXN JPY BUY (MEXICAN PESO - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its formation. Wait for the price to complete the pattern and watch strong price action for buy.by thunderpips35
MXN JPY BUY (MEXICAN PESO - JAPANESE YEN)Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern on a lower time frame and watch strong price action for buy.by thunderpips27
MXNJPY exepcting higher bearish continuation technicaly based ENTRY: 5.5100 TP: 5.4500 TP2: 5.4000 TP3: 5.3500 SL: 5.5930 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!by UnknownUnicorn3983388Updated 18
RSI direction from here seems like it will determine the priceThe RSI seems to trend down with the price which bounces off of a well-established trendline once the RSI down trendlines are broken. I think if the RSI breaks the lower RSI channel line, the price will go down, if it breaks the upper downtrend line, the price will go up.by Skipper864