Fears once again loomed all over Argentina in a financial crisis rushing to the fore. And over the weekend, President Mauricio Macri had a stunning rout in the primary elections. At the same time, investors dropped its bonds, stocks, and currency en masse in a selloff. And it left Wall Street thinking that the crisis-prone country will have another default. In...
OANDA:USDMXN -----> Details on the chart. Pipdify Tamilkumar
I was doing research with bond yields for Mexico and the United States. Mexico's 10YR bonds are falling, meaning they can't pay back their debts as much. The United States 10YR is the same way. However, Mexico's interest rates are rising. Rising interest rates meaning their printing more money, making their currency less valuable. The United States Fed has had...
Williams AD is under ema 50 and in downtrend. Ichimoku confirms short position. We go short to the next swing low.
OANDA:USDMXN 19.24 - Buy 19.09 - sell Simple as that. Pipdified.
OANDA:USDMXN Details on the chart. Keep it simple always. Pipdified
The Mexican peso looks strong. It broke to the downside during the US session and bottomed today at 18.95. I see two supports. The immediate support is the 18.90 area. If we break that support, we could go to the second strong support at 18.75, especially if oil price does not fall. Also, both the daily MACD and RSI give us a bearish signal. On the other hand,...
Hi everyone, After the market rallied during the last week in favor of the US dollar , we sold off later in the day making the chart bearish in the short run. It seems we are forming a descending triangle . We could go to 18.75 soon, and that could be a break to 18.50, especially if oil price don't fall. On the other hand, if we go bullish , I expect the...
USDMXN has made a triple bottom, with bullish divergence on the stochastics. Price action looking to retest the local resistance. A break above that should see a test of the main resistance, which is our main target.
Hey everyone first i want to wish everyone and their family a great easter weekend! We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below. We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price...
Wait for the market to come to you. Don't play yourself, play the game. Let the banks show you the real direction.
Price action calls for bearish continuation towards support. Bearish intraday bias.
Atentos
SORRY I USE THE WRONG TERM EARLY IN THE VIDEO THIS IS A SELL IN MY BOOK.
My analysis is fairly simple, I drew a channel in which price broke it and now coming back up for the retest. I drew a fibs for the first double bottom I saw on the lower time frame(5m) so I can measure that expected pull back and entry. Price retested the 1.618 twice with confinred rejection and now price is following my fibs to the T so I am expecting a heavy...
To be brief, Mexican growth is slowing with prospects for the G20 economy to slow further. Technicals oscillators shown below indicate a buy as well. This buy is a bit crowded however, so I wouldn't be surprised if the contrarian sell comes in strong. But I lean long. If you like my analysis, please feel free to check out my other work at...