Los osos pelean con fuerza, pero los toros también hacen lo suyo y parece que están venciendo. El hecho de que el precio haya rebotado un par de veces en el soporte de los 22 pesos da razones para pensar en que un rally alcista está por iniciar. En la gráfica de 1 hora, utilizando el indicador ADX, se puede notar una creciente fuerza en la tendencia alcista,...
Mexican elections will be held on 1st July and candidate Lopez Obrador is the front runner. According to Lopez Obrador: "Venezuelan democracy is better than the Mexican one." "We will revert PEMEX privatization. Oil belongs to the people." It is unknown if Lopez Obrador would convert Mexico in the next Venezuela or not, but he is already spooking...
#forex #currency #trading $STUDY
A short trade on USD/MXN pair initiated today. The trade is a long term position, which have the characteristics of carry trade (giving interest of about 4.5% y/y for keeping it) and very favorable risk reward of 1.51.
If price breaks the kumo above 4.2 will be signaling a bullish market, stops can be placed at Kijun-sen (blue line) below 3.9. Bull signal confirmed by the Chikou span being above the price (point A).
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...
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...
USDMXN seems in a turning point. Is it going for a breakout of long term downtrend? Or is it completing this correction for one more wave down? We should look to the the price action to identify the right direction.
A simple idea of a rebound in USDMXN. We are at a major key level. I expect a rebound to 18.80 at least www.mql5.com
... 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) drive.google.com 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) drive.google.com 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. www.fxstreet.com 1W: 1D:
Go Long, as the price gapped up in weekly charts
long from 18 to 22+, then short to 10-
Stay long for long term but now oil price gains are making more strong the previous down movement stay aware of oil prices to enter low to the long..