Here on the daily chart for USDMXN there is a possible expanding triangle forming. The first impulse and correction has formed on the 1 hour. More charts will be posted as updates.
should break out from resistance if we gain momentum in this wedge. watch volume spike
BRAZILS RISK PREMUM IS STRETCHED See "Summary Statistics" in doc below www.bcb.gov.br BRL's risk premium (currently highest across EM peers) looks stretched, given a continued pick- up in growth and reducing near-term political risk. COP's recent rally was likely driven mainly by a reversal of heavy short positioning, without a material shift in the country's...
Since the last time that the USD/MXN pair was reviewed a lot of developments have occurred. First of all the resistance of the previously active medium channel down pattern was broken. Secondly, a new medium term ascending pattern has been mapped. However, those are background patterns to take into account in an orders to enforce proper risk management. Main...
The 2-year lasting correction could be over soon. Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign. Wave Y is already equal to wave W as it means that the USD drop was sufficient. The former major top at the 732 is the minimum target. See related idea in Turkish Lira, it could be similar.
Por lo visto la bajada no fue tan brusca! Recordemos que ahorita el Bitcoin es el que lleva la estafeta....Las probabilidades se están viendo a favor de la teoría manejada por colegas/mentores, y estamos a la que seria un H&S invertido con tendencia alcista. Para tener confirmación de esto necesitamos que se logre mantener arriba del "Neckline" esa seria la...
As seen on the chart the 200DMA has been an excellent buying opportunity. On this occasion it will line up nicely with the completion of the corrective ABC pattern. Dollar also testing long term support, so look for potential reversals
I am anticipating a flat channel formation here on this pair. Watch price as it reaches the bottom to see what reaction it gives us.
My fellow traders, Now is the time to make decision whether you may invest in USDMXN ,buy for long term. If US index will become higher and higher again, the exchange rate between dollar and peso will rise day by day. Technically and fundamentally , I recommend to BUY USDMXN for long term. A single transaction may even become triple your account balance. Most of...
I see here a bat : .382 B .886 C you can take C to D leg and TP at .886 or/and wait for completion of Bat and take short to .382 or/ .618
The Mexican Peso signals higher. Looks to add 15% to its value. Fundamentals linked to perhaps strong growth prospects
Looking for the Peso to get stronger as more folks realize the value to be had holding pesos! Gann eighths, pure sweetness.
Dollar against Argentinian Peso has soared from 16.1 to 17.3. Then it has returned to 17 and it's showing some weakness. There is a chance to see it going back to 16.1/16.2 just as a technical pullback (Argentinan goverment could feel confortable with this exchange rate beacuse of the comming legislative elections). The final destination in the middle term for...
Will be holding this for the next 3 months. Looking to cash in on Mexican Interset Rate at 7% vs Dollar Decline overall. Weak Dollar Seen due to Inflation, overall underperforming GDP growth and Oil Deflation. As we see a good amount of Price action for the downside as well as Moving Average's in accordance. Technical Levels are merley for point of reference....
With Banxico raising rates to 7% I think $16 is a possibility for the Peso in the coming weeks. I posted about the Peso being oversold on Friday and longed it back to $18, however I am short for the rest of the week.
Peso looks oversold here to me. Going long looking to exit around 18.01
But which one?? I am not sure yet. I will be watching the price action in these three areas to determine when I would like to enter. It is always tough for me to decide in these situations because the stop loss for one pattern is so close to the entry of the next so it is important to be patient to choose the best set-up based on confirmation of the PRZs. If...