We just tested the daily breaker and liq void got filled where USDMXN is now rejecting from.
You could short it here but i prefer some more confirmation so i would like the 4h orderblock to be broken wich will then become a breaker and i will short the retest off that breaker into the equal lows.
Those lows are just to juicy not to be taken as many people their...
If our analysis on the daily chart is correct (see chart below), the pair should complete the corrective structure (ABC) and we will try to take long position around (C) area with stop below the low.
OUR DAILY ANALYSIS
(Click and Play on chart)
If you think this analysis can be useful and you...
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...
Today we are revisiting the USDMXN Daily chart, in a previous COTD back in February we looked at the Daily price action and what was a potential shorter-term set up (take a look here.
The Shorter-term set-up didn't pan out on the back of a weaker dollar and more exotic shift on the back of this. But as the Dollar films a little bit we are going to revisit as 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.
From a technical point of view, the pair should have completed the impulsive structure (12345), and if our analysis is correct, the next swing should trigger something like a corrective structure (ABC). That being said, we will be looking for some BUY OPPORTUNITY on the intraday chart.
NOTE: Later we will also publish analysis and setup on the...
Good Evening Traders, #ForexFargo checking in!
Today our analysis is on USDMXN.
Please bare with me as I have never looked at this pair and this is my first analysis.
The overall trend is Bullish indicating strong momentum.
Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips!
Weekly Resistance Level is set...
Updated View On USD/MXN (16 Apr 2019)
Back Ground: Hola. We are seeing a potential further Bullishness on this pair USD/MXN as MXN shall soon start to weaken. It is lil too early to tell so.
I see the level such as 18.4 is a potential swing entry.
Target(s): UP 19.1 (TP1), 19.3 (TP2)
SHTF: 18 will be a good support region.
DYODD, Our trade analysis may not...
On the hourly chart of USDMXN, the price has is forming an ABC bullish setup scenario. Before the recent trend change, there was an AO indicator divergence. Currently, the instrument has retraced to the previous fractal, which I consider as a strong level of support and an optimal level to go long. SL level - the fractal that is below the red Alligator line, TP -...
I like to plot USDXXX and XXXUSD against DXY or Equally Weighted USD Indices like the EWI I prefer because then you can tell if the USD is devaluing faster than the other currency of the named pair, in this case MXN.
First thing I notice is the strong correlation. Even though quoted in USD a pair does not have to correlate that strong if the other currency is...