Mexican peso looks overvalued but long term sell signals are still missing. Current support is 15.79 and 17.61 as resistance. MA slow is 18.9 and MA fast is 17.8. Only sell signal is stochastic. Resistance and MA signals might break after Mexican elections on June 2nd.
Purely technically speaking USD MXN got rejected quickly from 16-17 canal and is finding good support on 17. big possibility for a bull run from this area to 18 level or even higher in a long run. this is canceled if it manages to break below 17 once more. US FED interest rate session will create volatility ahead and a good chance for a hike.
Real recession incoming, you can smell it in the air. We are due for a huge correction. Expecting a pump to resistance at around $17.50, thereafter one final drop to ~16.80 and an extreme pump after. $30 by 2028, you heard it here first.
The USDMXN pair gave us a strong sell signal last time we looked at it (February 19, see chart below): Now a new sell opportunity has emerged as it got rejected heavily at the top (Lower Highs trend-line) of the 2-year Bearish Megaphone pattern and is now trading mostly below the 1D MA200 (orange trend-line). According to the RSI fractal, this price action...
bullish alt bat pattern + RSI divergence + breakout of resistance followed with a pullback PS never risk more tha 2% of your capital per trade
The Mexican Peso (MXN) faces a challenging economic landscape characterized by conflicting signals of growth optimism and persistent inflation concerns. The upcoming decisions of the Bank of Mexico (Banxico) and the US Federal Reserve (Fed) will heavily influence the Peso's trajectory against the US Dollar (USD). In Mexico, strong economic performance has stirred...
USD/MXN buys attempt 2 Viewing my previous loss as a potential liquidity grab. Structurally overtime price is in an uptrend from all time to now. Looking for price to fill the massive wick to the upside. Lower probably trade(could wait for confirmation if price changes character to the upside round 17.03850. Also bought USD/ZAR
The Mexican Peso FX:USDMXN #usdmxn will hit a floor level of 14. A ones in a lifetime opportunity to buy land. get ready. #economy #investor #mexico #mexico usdmxn
I was down in Mexico over the past week and most people were commenting about how weak the dollar was against the Peso. While I was there, the dollar made a move from the low SWB:16S to $18. Most people kept saying that if it gets to $18-$20, you should sell your dollars to buy more pesos, because the dollar will decline against the peso over the long term....
Why Would Countries Devalue Their Currency? Currency devaluation is a nuanced aspect of fiscal policy with profound implications globally. This article demystifies the strategic reasons and consequential effects when nations choose to devalue their currency. From influencing trade balances to adjusting economic strategies, understanding these dynamics is crucial...
big bull run idea off weekly support to weekly resistance. We saw a break of the 88.6 fib level. I expect a retest and continuation. This opportunity is a long term swing there will be several opportunities to leverage more entries as we continue up
Market trading on HTF Supply zone and looking for sell as i shown in picture waiting for confirmation. Our short term sell can look for a bullish price movement towards the upside before we head any lower.
I anticipate the antiglobalism movement will enrich Mexico for cheap labor (unless Trump gets elected then the Peso will melt down due to the tariffs) where China is already passing our own tariffs by exporting to Mexico where it gets a new shiny label and tariffs don't apply. I believe a billionaire has made moves to gather up the trucking and logistic companies...
USD MXN break structure on the H4 and price has moved down to a major area on the daily and weekly. Expecting price to move up in the long term
I believe in the coming few years the peso will go back to $18 Will be consistently looking to long USDMXN Interest rates of the peso will be reduced, albeit slowly. I think trump will be back in office which will affect the peso significantly. Price action wise 16.4 looks like a favourable entry from previous respect of this level on higher timeframe. 0.5%-1% risk
There's nothing special with this setup, the price has just broken the slanting Trendline and came back to retest, and from the theories of Break and Re-test, this points upstairs. And so, I think we're going upside. Loss and Profit parameters are clearly shown. This is what I think with this Mexican Peso.
Banxico as started easing and FED turn dovish but not easing yet First target to 17.3+ I am running on a swap-free account, as swap is very expensive.
USDMXN Daily Chart Falling Wedge with Bullish Divergence on Daily Chart Buy Stop Placed above the LH with SL below the Lows TPs calculated based on the falling wedge pattern width 1:1 and 1:2 RR Trade = 1.5RR Total