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.
Lets get EXOTIC! the pair is very volitile and it has the RSI at overbought. I am bearish on the pair and looking for a sell opportunity on shorter timeframes
shorter timeframe of the previous post!
USDMXN has been ina bearish rally down to 2016 price. Nevertheless MACD is showing divergence which was nearly enough to break te threndline and start a pullback correction right above the trendline. Regarding this friday news the price closed right on top of the trendline and on a daily level (DL). Depending on DXY and todays news price might break down to touch...
XAGMXN Daily chart ABC pattern EMA cross down Fibonacci ratios fit for corrective moves, 8/2, 8/3
Taking advantage of recovering MXN and USD slide due to current sentiment on both currencies but more especially on USD. Sell on market or set up a sell stop with TPs at S2 and S3 pivot lines, and SL between S1 and base pivot lines. www.ft.com www.forexlive.com www.fxstreet.com D: W: Confidence: A
Look for shorting opportunities if prior support turns into resistance. On a fundamental side, NAFTA will start to be negotiated in less than two months. News regarding NAFTA can make this pair very volatile. Remember to use at least a 1:2 Risk/Reward ratio with proper risk management. I love Comments and Likes!!! Collaboration? --->>>> traderkevin101@gmail.com
USDMXN Now it is move to make wedge pattern, We can wait it break up to buy , or wait it throwback to trendline for buy is ok.
With Banxico raising rates to 7% I think $16 is a possibility for the Peso in the coming weeks. I posted about the Peso being oversold on Friday and longed it back to $18, however I am short for the rest of the week.
Peso looks oversold here to me. Going long looking to exit around 18.01
please review a 1 week Div for the USDMXN pair Fib re-trace will provide key prices to look for while we hunt those all too important candle patterns I would like to recommend hunting 1 day candles, look for a Bull Fractal before entering the game potential bottom: .786 18.11755 potential breakout: .618 18.95532 take profit .382 20.13218 remember this is a...
A simple idea of a rebound in USDMXN. We are at a major key level. I expect a rebound to 18.80 at least www.mql5.com
Long EUR/MXN on bullish fundamentals for EUR and bearish for MXN.
Buying USDMXN on major based support down and ichimoku formation. It is very longterm based trade Be careful on trading USDMXN guys Dont forget to trade with proper RM/MM and caution You can see target area blue colored. Stops should be below support Good luck!
As suggested in a previous report, which can be visualized here: , Usd is losing momentum against Mexican Peso. There are no reasons to get long anymore, while it is now time to short the pair. We see a strong divergence having a look at stochastic oscillator and Bollinger Bands are widening out smoothly, with a weekly close breaking the lower BB. I expect to...
I have previously talked about pairs at extraordinary levels, such as EURDKK. Currently the talk on the street is USD/MXN. It is fascinating how much the dollar has fallen the past months. I publish this to remind everyone that keeping an eye on this one, might be wise. It's either going to fall like a brick or, as I assume, rise again majestically.
Will write more later, busy opening positions T1:20.5 T2:20.9 Timeframe: 5 - 10 days SL: 18.9