Due to improved market sentiment and the weakening of the US dollar, GBP/USD rebounded to 1.2500.The 1.2350 support level is the key to continuing to be bullish, and it is still possible to hit a new high so far this year; hawkish remarks around the Bank of England may continue to support the pound. Given that the theme of this week is the overall market...
DXY for me at this point is neutral, im waiting for a broken trend or new lows for more ideas and targets. More DXY will stay here, more the trust in other valutes willl be decreased. So if here will be a consolidation zone, we will see USD more HIGHER , but for this, we need to a broken daily trend. Dont be fomo at this point.
This decline is part of a general pattern in the global currency market, in which the US dollar is losing its strength against other currencies, particularly the euro and the Chinese yuan. The main reason for this decline is the reduction of expectations for economic growth in the United States and concerns about the critical situation of the coronavirus in the...
The latest British employment report showed that wage data was stronger than expected, suggesting that high inflation may be difficult to cool down, stimulating a short-term rebound and strengthening of the pound against the dollar.Technically, GBP/USD has fluctuated up and down around the key pressure level of 1.2350 in the past two weeks. In the short term, we...
Who dares to ride this Dragon? Weekly candle bucking up against the last low. He thinks he can go lower than the previous candle a few weeks ago. I think he is correct in his assumptions.
EUR/USD has surged higher for two consecutive trading days. If the strong resistance position above 1.10 can be broken, the first target above is the February high of 1.1034, and further upward, it is aimed at the 1.12-1.13 area.The bottom is currently gaining strong support in the 1.0840-1.0800 area.If GBP/USD can break through the previous high of 1.2525, the...
USDMXN Trade Idea Compra I can see this is a good time to start a bullish trade
USDMXN retesting support levels near demand zone and is likekly to rebound. Exit at 1st supply zone
Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
Due to the significant decline in US bond yields, investors have been prompted to bet that it will be difficult for the Federal Reserve to raise interest rates further. The peak of US dollar interest rates is expected to come. It seems that the pressure on the yen in terms of interest spreads is being lifted, and the yen has once again returned to a clear strong...
Who loves Tacos al Pastor? In this video, I want to share with you two technical views I have on this exotic currency; the Mexican peso FX:USDMXN Remember, my critical fundamental view is based on the $5bn Tesla is about to invest in the new Nuevo Leon, Monterrey Gigafactory. Above All and All in All: God Bless America...! J.R. Jaén Risk Disclaimer: 1️⃣Past...
HI people welcome to Team Decrypters We are Bearish on Both pairs ( GBPJPY & USD MXN ) Both should give Decent selling opportunity and could be Trade of week
The latest data from the United Kingdom show that the number of people employed in the British labor market has increased by 65,000, higher than the expected 52,000, and the unemployment rate remains at 3.7%.But the pace of wage growth has slowed, which is good news for the Bank of England.Because the central bank is seeking to control inflation, this is another...
Every path we take in life is a kind of understanding. Along the way, we will encounter many people, and happiness is finding a warm person to spend a lifetime with. For relationships, perhaps the further away, the longer lasting they can be. In life, there are many things that we obtain and then forget. Ultimately, what accompanies us to the end of our memories...
USDMXN tested previous lows and got rejected. It may have formed the start of a double bottom a will likely bounce back up. Exit at 2nd supply zone.
We can easily see that the waterfall will continue to descend from heaven. Mexican president said a few months ago that he will take mxn/usd to $16.
USDMXN long call Trend reversal is spotted and confirmed, as on hourly chart it has already stopped making new lows and made new higher lows. Hence it can be good to ride in phases. EP: Current Price SL: 18.32051 TP1: 18.51147 RRR: 1.25 TP2: 18.64540
USDMXN reversal about to happen. Exit at 6th supply zone