Seguramente hay muchos traders técnicos largos USDMXN, a mi parecer el fundamental indica todo lo contrario y creo que esta volatilidad puede dar entradas interesantes.
El acuerdo del NAFTA aunque es una negociación aún sin efectos legales hasta ser aprobada por el congreso, representa un gran avance para las relaciones de México-EUA y elimina el riesgo de un no...
I am shorting USDMXN. Right now it is moving in the leftist Gann angle where price moves fastest in relation to time. Seasonal data confirms strengthening of Peso (means shortening of USDMXN) until 17.07.
This week has been highly volatile for the Dolar/Peso testing much higher than the current range as well as lower.
The current consolidation is between 18.60-70. Beware of any price action bellow 18.60 as we could make a bearish run to the lower end of 18 or on the opposite end beyond 18.8 to 19. I think there has been a lot of news affecting the dollar recently...
Mexico gains a steady recovery after an overnight bullish rally. The price seems to be consolidating between the range of 18.70-50.
I expect the price will trend lower but high volatility could see the price reverse at the bullish channel support and test the recent high's above 18.73
NAFTA optimism meets resurgance of USD strenght. The price movement seems to have consolidated on a horizontal zone between 18.62 and 18.54, that is still a very widespread but I believe this familiar price range is a welcomed pause for exotic currency traders after much volatility in the MXN market. Is this the calm before the storm? Trump address later today and...
The Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months.
Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually...
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