El 22 de Enero durante la madrugada el ETH cayo hasta los 18,500 pasando por el soporte que se había establecido previamente....Luego se mantuvo flotando en el soporte durante un día....y hoy 23 durante la mañana quiso despegar pero no logro llegar a los 20,800 para superar el reto. En estos momento el BTC juega un papel crucial, si le va bien, el ETH ira de la...
During the past four weeks, the US Dollar has depreciated substantially against the Mexican Peso. After reaching its highest mark since early March at 19.90, the pair initiated a new wave down and eventually breached a six-month ascending channel mid-January. At the time of this analysis, the Greenback was trading near the 18.60 mark.
During the past two...
The dominant pattern that has guided the USD/MXN exchange rate for the last six months is an ascending triangle. As apparent on the chart, the pair reversed from its upper boundary on December 25 and has since traded in a narrow channel down.
The US Dollar is currently stranded between two important support and resistance areas. The pressure from both sides...
USD/MXN has been trading in a neat channel up for the last five months. The pair bounced off the bottom boundary of this medium-term pattern on November 29 and has since initiated a new wave up.
It is likely that the pair respects the current channel and thus continues appreciating during the following two weeks up to the 19.40 area. In the meantime, the US...
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The US Dollar is trading in a symmetrical triangle against the Mexican Peso for the last month. The rate tested an eight-month high of 19.28 on two separate occasions during this time and has been subsequently moving away from this mark.
From technical point of view, the triangle should be breached to the upside. However, given the aforementioned high, this...
On September 7, the USD/MXN exchange rate entered an ascending channel. This pattern is a part of a longer-term ascending channel which has confined the pair since mid-July.
The rate’s trading range, however, has diminished during the last trading sessions, as apparent by its failure to overcome the 19.2662 mark—its highest level since mid-2015—on two separate...
The US Dollar has appreciated substantially against the Mexican Peso during the past three weeks. The pair managed to reach a five-month high at 18.83 on Tuesday evening. Subsequently, the Greenback edged lower and breached the diminishing trading range apparent since early October.
The given currency managed to move below a strong support cluster formed by the...
USD/MXN is trading in two channels simultaneously. The senior pattern is a rather chaotic channel that has confined the rate since late July. Meanwhile, the junior formation resulted from a consolidation period effective since September 6 when the US Dollar began trading between the monthly PP and S1 in the 17.84/17.62 area.
Two possible scenarios might occur....
My mexican Pesos index could be topping in what could be a first A wave coming after a long period of weakness. If so, B wave could be coming to the downside before a strong bounce to finish the correction.
