Strong Sell. UsdMxn is down trend. Green boxes are potential targets in March.
USD/MXN coiling on the monthly chart, looks to me like it's getting ready for the next move by the end of the year. Keep in mind that this is a monthly chart...
En este sencillo análisis mostramos gráficamente lo que podría continuar la tendencia que desde siempre ha tenido la paridad cambiaria entre USD y MXN.
USDMXN looks to have a few good opportunities to break small trends and stretch up-ward. If it fails to do so then I believe it will hit a lower low and changing short-term trends This is not financial advice, or lettuce.
I have been watching this one the past days to see if the double bottom would play out or not. Now the small inverse H&S on the left, could be the confirmation of that pattern. If that neckline breaks and we see a good rally, the chances will increase a lot. If this H&S fails, that green support could still keep it alive, but below that support, it will become...
We have gotten a second chance to play this bearish wedge. After the previous trade which failed, but gladly was just a small as usual. Not the previous candles are very bullish, but i think this wedge is legit so i don't see it getting above that previous high. I am going to split my entries in 2, i am going to risk one part here, if that trend line on the left...
Looks like a solid triangle here and from the looks of it we will probably see a break on the upside. But every triangle can go both ways. So i am going to wait for some confirmation first. So i want to see it move like one of the blue lines first before going in the trade. So a break of the triangle and a retest. Please don't forget to like if you appreciate...
watch out for this drop SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Short USDMXN @ 20.07; TP @ 19.67, SL your choice
Mexican peso is bearish for the last year. I pointed out most important places. - exact 50% of previous wave - H&S formation followed by recent trend - pair is trading below 200 ema on Daily CHart - GAP support/resistance area is fairly respected by market plus bonus which tells me that it is rather good entry Mexican interests rates which are very high in...
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.
Mexican peso streghtening against the USD, maybe anticipating a favorable mexican election?, lets see how this head and shoulders with retest plays out...
Weekly dollar peso Disclosure: I see the blue 18.05 level holding and a good INTRADAY buying opportunity daily euro peso
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