USD/MXN is trying to break through the bottom of the weekly Ichimoku cloud. With the possible improvement of a working relationship between the new Mexican president and Trump, the fundamentals are also reaffirming what the technicals are indicating. A close below the cloud will be a good indicator that the weekly downtrend has begun.
Watch out below, folks. It appears recent support may not hold in my custom BRICS index as Emerging Markets appear to be under extreme pressures.
Recent news out of China, Malaysia and Mexico could lead to a complete EM market collapse.
Chinese capital markets are under extreme pressure right now and over $1 trillion in equity shares have been pledged to ...
Failed mergers, an industry where consolidation and change are struggling to bring shareholders value. There's a lot to be wanting to try and keep up with the current "value" market. However, International Paper will struggle fiercely to try and impress. Lowest fib level is what demonstrates the inability of the company to break out. We've now plunged under it and ...
Here on the daily chart for USDMXN there is a possible expanding triangle forming. The first impulse and correction has formed on the 1 hour. More charts will be posted as updates.
this is the last chance to get XRPs in a cheap price, cmon dont loose the train :)
ULTIMA OPORTUNIDAD DE COMPRAR A BUEN PRECIO!
NO SE PIERDAN EL TREN
Cheers from Mexico.
This is a difficult one, so I'll take it carefully. Since 2010 they started a very stable uptrend however it seems to me that this trend is about to end.
I take it with caution and one step at a time using the most conservative levels but I would not have any problem shortening it to the area of 41000.
In Mexico there are elections this year however I do not ...
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 ...
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 ...
