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.
just a thought while checking out the charts FX:USDMXN
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!
At a previous support level and big RSI divergence. Best R:R is to go long.
USDMXN rebound from strong demand zone on H4 frame Price broke downtrendline Trading above Moving average 100 It's expected to go upwards to the level 19.21 then price will throwback to get the target at HVN near level 19.5588
just wait until RSI and STOCH will be in place....
In today’s #marketinsights video recording, I talk about FX Minors AUDCHF and USDMXN as they both seem to be moving down impulsively. Added uncertainty amid the latest trade delay, and poor Chinese activity and Australian employment data all add pressure on the Aussie. Mexican peso, on the other hand, weakened yesterday following Banxico's decision to cut rates!...
USDMXN was in a downtrend on the 4 hour chart with lower highs and lower lows. We then reached a very big support zone close to the 19.00 zone where we began to lose steam. No more further lower highs and lower lows. We have now confirmed a higher low with a higher high break and close above the head and shoulders neckline. The break was strong as you can see by...
As we can see, we are getting to the final of a continuation form but it is not clear if it's a continuation to the first big downward move or the bigger uppward move that comes from the ´90s - 2000´s. I just wanted to update you with this since it's a very clear year size form. My personal opinion is long in short term and short in the long term. I think it is...
The pair has been trading within a wide long term 1M Triangle since late 2016 that is getting narrower and narrower (RSI = 49.430, CCI = -26.4209, Highs/Lows = 0.0000) as it approaches its completion. In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure...
Whats up traders? How is your trading week going? Im currently looking at the USDMXN pair for long opportunities. Our stop loss is under the last swing low and take profit is very high for because im looking for a longterm trade. If something does change or i take profit earlier - i will keep you guys updated here. Wishing everyone success and a great weekend!
During the trading session on Monday and Tuesday the Mexican peso has recovered. I expect the US Congress will pass the U.S.-Mexico-Canada Agreement in a few weeks. That should help the Mexican Peso to break the support 19.5 (Green Line). I also expect the trade between the United States and China to come down before the US elections. It is important to notice...
This par will break any moment, won't resist another attack to the 20.20. That is more likely to happen 1st quarter next year Buy any low, key levels 19.10/19.25/19.40, watch for immigration cooperation, USMCA approval and carry to good entry points. Factors: Trump is going to be in the campaign, and he proved that anti-Mexican rhetoric pays. Oil prices won't...
OANDA:USDMXN ----------->Details on the chart. Pipdify, Tamilkumar