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...
The positional struggle, or put simple the slow siege from sellers back to the base is finally exhausting. Powell has attacked with a move several times the strength of the surrounding defence. USD will now maintain the pressure and birth of fresh strength will unlock the next leg higher in USDMXN. Since 2018 we have been tracking the explosion higher. The...
almost reaching the target 🎯
Recent trends in select Emerging Markets (and some smaller markets) viewed by their ETFs, for the countries: Brazil EWZ , Mexico EWW , New Zealand ENZL , South Korea EWY , China MCHI , India INDA - also vs. the emerging markets ETF IEMG , and the NASDAQ IXIC index.
Cup and Handle Pattern poised to play out Q1 - Q2 2021
📌 Another classical procedure can be witnessed here, the combination of fundamentals and technicals, of BRL and MXN, and a live example of an instrument finding a floor for the long run. This advance would (and of course I am considering) be worth attacking and having some involvement rather than laying bare the base of Brazil and Mexico. The correct play is to...
Nice spike sold into. Planning to compound down near 12 cents now and accumulate shares
The Mexican Peso is gaining strength against the Yen as a recovery in global growth in 2021, reduces the demand for the safe-haven Yen and increases the demand for the Mexican peso. We look at why the Japanese Yen is a safe haven currency of choice, alongside Interest rate differentials that will play a key rol in the outlook for gains in the peso. I give...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for USDMXN, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
USDMXN pulled back with @20.84508 which we could consider this level as a critical zone , for now my expectation for that pair is rising @21.85864
An interesting way to see how countries are doing is by the iShares of the country. Mexico had seen a breakout, but very quickly gave that up, creating a failed breakout. Next support & resistance levels are drawn in the chart. 50sma and 200sma look like they will start trading together. Mortality rate there is the highest in the world unfortunately.
Hello traders US dollar is getting stronger against "peso mexicano" after the 7 month decline the started April 6 2020. On September 22 2020 price broke above "7 month bearish trendline" indicating buyers are under control. This in my Wave count
Waiting on Monday for the market to open. Hoping the spot price rises into the green area. Confirming a strong Short buy
USD/MXN - High probability sell setup - Week of 09/6/2020 Wait for key support to breakdown with a retest before going short. The long scenario is unlikely at this time.