the mex peso is in a clear uptrend vs USD; and is now sitting at multi year pivot price right before mexico central bank decision later day!
I'm extremely bullish MXN
The expansion may not necessarily include Mercado Bitcoin acquiring a Mexico-based crypto exchange to operate in the country.
Brazilian crypto exchange Mercado Bitcoin could begin operating in Mexico sometime in 2022, pending regulatory approval.
Speaking to Cointelegraph on Thursday, Mercado Bitcoin CEO Reinaldo Rabelo said the company was awaiting regulatory...
USDMXN made a rebound this week as the USD restarted its momentum to the upside.
The US dollar has found a mild bullish impetus in Jerome Powell’s ECB forum appearance where he reiterated his hawkish outlook for the US economy. Powell believes that the US economy remains well positioned to absorb tighter credit conditions while avoiding recession and rising...
After checked FSR indicator I was able to locate some possible points which MXN will be follow.
Due high scale I was NOT able to modify my first approach so please keep in mind that this is only the next moves but no exact dates.
Senator and outspoken crypto proponent Indira Kempis shared her excitement at the development on Twitter, stating that "for freedom, inclusion and financial education in Mexico.
Mexico's Senate building now houses the country's 14th Bitcoin (BTC) ATM, a sign of the country's increasing interest in Bitcoin. The ATM was installed on Tuesday with the support of...
WALMEX CONSOLIDANDO "PULL BACK"
Precio por debajo de medias móviles de 8, 20 y 50 días.
Próximo soporte en niveles de media móvil de 100 días en $74.76
MACD continua indicando venta
Gráfico semanal por debajo de media móvil de 8 días por alcanzar niveles de ma de 20 días en $75.20
Gráfico mensual por alcanzar niveles de media móvil de 8 días en...
GCARSO FORMANDO UN "PULL BACK" POR CONTINUAR TENDENCIA ALCISTA
Precio por arriba de medias móviles de 8, 20, 50, 100 y 200 días.
Volumen por debajo del promedio.
MACD por cruzar e indicar señal de compra.
Proxima resistencia en 75.08 y 77.51.
Gráfico semanal en misma formación de "pull back".
Gráfico mensual en tendencia alcista.
Esperar confirmación...
CAMBIO DE TENDENCIA EN GFNBUR
Precio por debajo de media móvil de 8 y 20 días.
Próximo soporte en niveles de 35.49
Volumen muy por arriba de la media.
En gráfico semanal, el precio cruza media mòvil de 8 dìas.
MACD indica venta.
Trade (split) -
CORTO:
Entrada: 39.03
Stop loss: 42.39
Target profit: 25.26
TELEVISA A PUNTO DE ROMPER FORMACIÓN DE "SYMMETRICAL TRIANGLE" Y A PUNTO DE SUPERAR MEDIA MOVIL DE 200 DÍAS
Oportunidad de comprar al confirmar cruce de MACD y aumento de volumen por arriba del promedio.
Timeframe semanal y mensual en misma formación de "SYMMETRICAL TRIANGLE".
Trade:
Entrada en 46.28
Target profit: 49.00
Stop loss: 45.07 (fijado por...
POSIBLE PULL BACK EN AMXL/L
MACD indica señal de venta.
Precio por debajo de media móvil de 8 días.
Precio rompe soporte en $21.72
Volumen por arriba del promedio.
Gráfico semanal refleja posible "pull back" hasta niveles de ma de 50 días ($18.45).
Gráfico mensual continua en tendencia alcista por arriba de media móvil de 8 días.
POSIBLE CAMBIO DE TENDENCIA A ALCISTA EN PEÑOLES.
Posible formación de “Symmetrical Triangle Breakout” en timeframe diario. MACD a punto de cruce, aún debajo de cero y rojo (señal de venta). volumen debajo de la media.
Precio por debajo de media movil de 200 días en timeframe semanal. MACD debajo de cero en tendencia alcista y en verde. por debajo de...
1. Uptrend coming since 2020.
2. Consolidation during health emergency,
3. Rising economy beacuase of opening borders and presencial labor.
4. Limit roof standing because of Fed tax rate increase.
%. Waiting for trend continuation completing pattern.
Fundamentals
International relationships
National economy-labor increasing
United States sponsorship on...
Indira Kempis is pro-Bitcoin. Mexico's president is not.
Moreover, Kempis is a member of an opposition party, so her efforts are less likely to gain traction.
Indira Kempis, a senator from the state of Nuevo Leon in Mexico, wants to make her country the second in the world to adopt Bitcoin as legal tender, even though the odds are stacked against her.
We will probably go long on this one. MXN has had a fine run but we are seeing that power is decreasing and its running on tequila fumes.
When price makes a breakout of previous high it will indeed get us confirmation.
Peace be with you and happy trading!
Trend Analysis
The main view of this trade idea is on the 2-Hour Chart. The forex cross USDMXN is currently in an ascending triangle setup with resistance observed around the 21 price level and the support trend line seen around the higher lows of 20.12 and 20.25 respectively. Expectations are for USDMXN to rally towards the 22 price level. Failure of this move...
In August the Mexican peso weakened from 19.848 to 20.071 against the US dollar. Economists at MUFG Bank expect MXN to depreciate from the 4Q onwards amid tapering cycle in the United States.
Mounting COVID-19 cases and deaths with Delta variant, and sluggish vaccination rollout in Mexico
“Assuming that FED tapering starts later this year and it will carry on at...
