The week started quite well for the financial markets and with a huge relief for Mexico in particular. The point is that Trump decided not to impose 5% tariff on Mexican goods. The Mexican peso showed maximum growth over the past year. The Canadian dollar is below 1.33. Therefore a sharp decline in gold and other safe-haven assets against this background can be...
After Mexico and the USA reached a deal to curb migration and avoid tariffs on Mexican imports, the Mexican peso strengthened around 2 percent against the dollar during the Asian trading. I expect the USDMXN to go lower during the American trade session as well. In the long run, I still believe USDMXN will go lower than 18.90 if there are no more conflicts between...
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for buy.
Day by day the situation with a trade war is getting worse. On Friday, for example, the Mexican peso showed the strongest drop in the last seven months after the announcement of the introduction of new US duties on Mexican goods in response to the flow of illegal immigrants. It was a surprise to the markets since the agreement between the USA, Mexico and Canada...
1- breakout was made 2- retest was made 3- price respecting our trendline So i believe there is much more upside movement possible. I will hold my take profit areas as the green lines, but i believe we will go up more. BUt i will be watching price once on this areas to monitor my trade.
it looks like the price is retesting previous support line as resistance line. If the price won't cross the yellow line upwards, Peso will gain power again to the lower boundary of the big triangle. If the price cross the yellow line upwards, stop order will work
If you missed the buy opportunity of USDMXN at the bottom of the wick that touched the trendline, well dry your tears for you can short at the channel retest with a good return of 1400 pips if it gets to our TP of 1.90000 psychological handle. Watch PA closely, if the bullish momentum is strong enough to incise the channel, this trade will be invalidated as...
The pair is trading within a 1M Channel Up (RSI = 50.675, MACD = 0.234, Highs/Lows = 0.0000) currently testing the Higher Low zone. A narrower H&S formation on 1W allows to consider the current area the start of the new bullish leg towards a new High. We are long with TP = 20.9600. ** If you like our free content follow our profile (www.tradingview.com) to...
We just tested the daily breaker and liq void got filled where USDMXN is now rejecting from. You could short it here but i prefer some more confirmation so i would like the 4h orderblock to be broken wich will then become a breaker and i will short the retest off that breaker into the equal lows. Those lows are just to juicy not to be taken as many people their...
Strong Downtrend. Don't rush to enter the market. Wait for pull back.
Updated View On USD/MXN (16 Apr 2019) Back Ground: Hola. We are seeing a potential further Bullishness on this pair USD/MXN as MXN shall soon start to weaken. It is lil too early to tell so. I see the level such as 18.4 is a potential swing entry. Target(s): UP 19.1 (TP1), 19.3 (TP2) SHTF: 18 will be a good support region. DYODD, Our trade analysis may not...
BROKE SUPPORT AT 18.80, WAITING FOR RETEST AT SUCH SUPPORT THEN SHOULD BE LAUNCHING DOWN TO THE NEXT RESISTANCE AROUND 18.55
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
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...
The dominant long term pattern on USDMXN is a Triangle on 1M (total neutrality with RSI = 52.546, ADX = 27.968, Highs/Lows = 0.0000). 1D is on a Higher Lows sequence, which this 1M Triangle has show that it leads to a bullish break out. We are long with TP = 20.25000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...
Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
Price broke our trendline made a little retest if we look at lower timeframes so im seeing price reaching our next level around 19.45
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit bottom of the pattern and watch strong price action for buy.