Based on weekly chart, it's also possible that USDMXN will go bearish first down to 20 in the next few weeks. But with the Fed hawkish on USD and likelihood of another interest rate this year and anticipation on economic growth, USDMXN can bounce up again and go bullish in the long-run. But if I get a bullish price action within this week, I'll be setting up a...
USDMXN continues to trace the uptrend that started after the elections, and offers a chance to add to longs on dips to 21.6031, risking a decline under 21.3680. This level is also good to trail stops if you are long from lower levels as well. Good luck, Ivan Labrie.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more 4XSetUps @ 1482 Major Cross-Rates (741 on both sides) @ my GOOGLE Drive drive.google.com Best regards Aaron
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... more 4XSetUps @ 1482 Major Cross-Rates (741 on both sides) @ my GOOGLE Drive drive.google.com Best regards Aaron
Peso has been Trumped by "Build the Wall". Mexico has conceded to work with US on Border "issues". Mexico lost Ford mfg to US because of Trump agenda and probably will lose more. Mexico hopes to arrange decent trade to counter effect. Mexico Central Bank sold off dollars to stymie skid . Meanwhile, speculators know that the Peso is squat . I think the...
$USDMXN broke through this level set shortly after the election. MACD is bullish for the pair with a recent crossover and trending upwards
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (2016 Statistics) @ drive.google.com Best regards Aaron
SL below X (20.5631 minus spread) entry 20.6292 - 20.5806 (best price) targets 20.6602, 20.7094 NOTE: exotic pair! remember: always the following risk 1 microlot for each 100 EUR (0.01 of 1 standard lot)
SL above X (20.8234), entry 20.7806, targets 20.7002, 20.6488
This pair is still under consolidation the week after the US elections, but in the short-term might either continue down until 20.000 before rallying again, or start bouncing now up to S1-S2 pivot levels. Keeping an eye on its price action today. www.fxstreet.com W: D:
MACD crossover underway in USDMXN... Given the magnitude of the move in the Peso after Trump's election, it's reasonable to assume that any reaction to a Fed hike should be lesser vis other EM currencies given there's value here in Peso.
I think it's fairly certain to see more upside in USDARS right away. If you own pesos and live in Argentina,it's wise to sell them for silver/gold/dollars periodically. Now is a good time. I reccomend splitting with a bigger weight on USD bills, due to gold and silver volatility. Right now, the trade favors dollar strength, so you'd increase your dollar holdings...
Despite my wrong prediction on USDMXN, I still believe Peso should take some territory from the USD in the upcoming weeks. Wave 3 targets have been hit today and it is a good moment to fall down in Wave 4 of 5. Notice also a huge bearish divergence on Weekly Timeframe Will short this pair once DXY reaches 100 figures as per my DXY charts posted earlier. Will set...
This morning I bought an $MXF stake at the open, and shorted USDMXN at 20.0022. I think we might be in the presence of an 'ending diagonal triangle', or terminal wedge, in Elliott Wave parlance, in particular according to the Neowave rules. If that's the case, we will a see brutal rally in the Peso, sending USDMXN down to 16.43 in approximately the time the arrow...
It´s been quite fashionable to analyze the USDMXN pair since Mr. Donald Trump has become an official candidate for the presidency of the United States. All his promises had strong influence on the Peso and every time we have any news on Mrs. Hillary Clinton´s advances in the presidential race, Peso recovers strongly against the US Dollar. But if we check a...
Preemptive note: This is non partisan analysis. Please do not waste my time (or yours) by saying anything about the polls not being accurate. That's self-indulging conspiracy theories that have no basis in any fact. Now onto the reasonings. 1) Price currently sitting at the .618 fib retrace. You can see this clearly on the chart. This is a level to look for a...