📌 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...
Hi there. Price is forming a reversal pattern to change its direction.
These are the fundamental reasons for a possible USD/MXN bullish scenario:
A breakdown in US stimulus talks and a possible towards a government shutdown; FDA rejecting or postponing the approval of the Pfizer vaccine; a breakdown in Brexit talks with no...
Peso! It's an EM currency that I enjoy trading the most, it's the behaviour the MXN moves. It's important to seek out how currencies behaviors are.
Now let's dive into the technicals:
Support: 19.79294 - 19.71330
Resistance: 19.93628 - 20.07432
Long: Above 1st resistance area and close above 20.07400 areas Target areas: 20.4000 - 20.37660 (200...
USDMXN after the break below the weekly support retest it few times.
The market created an ascending h&s pattern and recently broke below a minor support.
After the retest we can expect a continuation to the lower levels.
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
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.
Technical & Fundamental View:
Fundamental View: Longer term I do see dollar weakening this doesn't mean it's going to 0 and we all jump into crypto's! Just personal opinion but I do think the further QE we have inflation target of 2% DEC FOMC meeting is something I am very interested in and how large will the QE be and given the great vaccine news ..It's...
USDMXN rejected from daily demand zone at level 20.8395 with strong bullish movement
Price broke downtrendline
Price is based above HVN at level 21.0735 which indicates that pair is in accumulation phase
Pair is based above support level at 21.1306
Above SMA 100
It's expected the continuation of bullish momentum to target first resistance level at 22.0093
Segun mi interpretacion el compotamiento del par LTC/MXN a parti del mes de Septiembre sigue un patron tipo fibonacci , este patron se ve retroalimentado por las fuertes fundamentales que hay en el ambiente critpo y de seguir la fuerza de esta señales es muy probable que se llegue a un tope de 1256 MXN ( que son aproximadamente 61.4 USD al tipo de cambio de hoy 22 de Oct)
USD_MXN BROKE OUT OF RESISTANCE.
LONG ON PULLBACK
(1) The pair is generally in the downtrend
(2) But a support formed
(3) Together with breakout, its a long
(4) A retracement of a strong downward movement on higher timeframe
LIKE and SUBSCRIBE for QUALITY
USDMXN on the daily chart hit the monthly support (purple one) and started a strong bullish impulse.
The market hit the upper trendline which is also at the level of a weekly resistance and retraced a bit.
IF the price will manage to break and close above that level we can set a nice long order according to PLancton's strategy.
Follow the Shrimp 🦐
USDMXN beautifully touched monthly support and rejected with a daily bullish engulfing. I initiated buy on the next daily candle. Daily also shows bullish divergence on obv and we have been in an uptrend since 1999. Great long term setup looking for new highs on monthly. Lets see what happens considering everything going on in the world.
Leave a like and lmk what...