The next days will be decisive for FX_IDC:USDMXN now that NAFTA talks have officially begun. In the chart there are 4 relevant price levels (shown in bold green). And 2 short-term price levels (in thin red). If the price breaks the short-term resistance at 18.04 then we would likely see the price reaching 18.40 or even 19.28 if NAFTA negotiations don't favor ...
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 ...
... Are looking a little less extreme than they were before Trump's inauguration, whilst the currency represents great value. I'm inclined to take the under on Trump's doomsayers and this trade is the best way to express that view while collecting carry (presuming realised volatility continues to calm).
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) https://drive.google.com/open?id=0B1BNHee3opcVbmFzZ3hHa01PZkU Best regards :) Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive In percents away from all-time high & low by last close (1482 Cross-Rates) https://drive.google.com/open?id=0B1BNHee3opcVZU9GY19XWm5Rb0U Best regards :) Aaron
Looking to buy once another confirmation candle appears, or set a buy order at 20.04 with TP at 1H R4 pivot and SL at a few pips below the lower BB. https://www.fxstreet.com/news/usd-mxn-off-record-highs-post-trump-testing-2000-201611091131 1W: https://www.tradingview.com/x/Ub9IkWpY/ 1D: https://www.tradingview.com/x/q3Hh6RyG/
I think about the USDMXN long for the long term, hoping to correct a little more to the down side but right now im just watching to enter the market at the lowest point to grab a long position.. stay tuned. Thing to watch - US presidential campaign news this week - Economic data from Mexico - International Crude Oil prices