Price rise looking imminent on the daily chart of the Argentine Peso/Brazilian Real. R/R = 5/1
When oil begins to fall, the best currencies for speculation are the Russian ruble and the Mexican peso. The South African rand is not so dependent on oil. Another 10-20 days and can buy USDRUB and USDMXN - the most highly volatile currencies.
I have bearish sentiment due to a) Technically - the pair has reached the top and currently in declining stage - the 30 weeks MA looks set to slope downward b) fundametals - risk on i will take a short position below 22 with the target at 20
El punto de equilibrio está en 839.72, los alcistas deben cruzar ese punto. Los más agresivos pueden poner sus ordenes en los puntos de equilibrio de menor escalas de tiempo. Los bajistas deben mantenerse debajo del Kumo y del equilibrio diario en rosado. Por como siento la economía en Chile, creo que este país se irá a la chu’, así que voy al alza, espero que...
Hi Traders, I'm looking at the strong peso this week. The dollar is weak, especially following the unemployment rate, plus the technical analysis shows a strong peso since it broke down the triangle chart pattern I setup. Comment on what you think, or maybe you have a different view on this chart.
In every case in long term $ is stronger. And the country is nearly to the new default maybe. For Argentina crisis is double. Crisis from outside (World crisis) and crisis inside the country.
The wave Y reached equal distance of wave W. It could dip lower to 22.80 (valley of wave W). The trend then will resume to the upside. It could hit between 26.70 and 27.50. I see oil lower and oil related currencies could drop.
Predicting an actual target after a move like that is almost impossible. This pattern is highly likely to produce a continuation of the price action leading up into it; it’s a classic triangle. This fact we have just examined, in a normal situation would be enough to say easily, well now is another time to long, on a breakout play. The triangle appears most...
USD / MXN looks good to accumulate longs Target new highs SL below 23
I posted an idea on July 22, 2019 with my target at $29 pesos per 1 USD by August 2020. However, the new Mexican Government's poor economic choices along with the with the rise of the COVID-19 pandemic, have exacerbated the problem and consequently accelerate the peso's fall. Banxico has been intervening by selling USD in the open market in an effort to stopping...
FX:USDMXN Mexican Pesos - $USD $MXN #SuperSimpleCharts
USD / MXN was one of the biggest devaluations in these days Price should retrace to the 21.5-22.2 level and then continue the bullish trend
We're going exotic for this one! I am looking for a drawback setup here and I've drawn my entry at a break of previous price structure support. My overall target will be the flat Kijun sen that is forming, and I've marked up some price structure to targets to aim for as well. Since this is only slightly more than a 2x risk to reward, I'll be taking a smaller risk...
NOVICE TRADER SPECULATION: Hello Traders! I tried to make this TA much easier to understand. It looks like on D5, we are approaching what could be a very good long opportunity. LOGIC BEHIIND LONG: -TA -ABCD Pattern -Breakout Entry at the Green Flag. Live long and profit. ZM
NOVICE: LOGIC: -COVID-19 has began to panic the US public Live long and profit ZM
After the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run. I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies. In the long run, the descending triangle shows bearish for USD/MXN.
USD turns the tables and starts to beat developing country currencies. My target is for the main trend, if you wish, you can take your first profit at the level in 19.07. Follow to hear more. Entry: 18.895 Stop: 18.75 Target: 19.25 Have a nice week!