USDMXN reversal about to happen. Exit at 6th supply zone
-Price inside monthly/weekly/ daily demand -Price broke 4hr downward trend lines + removed opposing pivot point supply + DBR demand created -Wait for pull back into demand.
This is one of the pairs that I enjoy charting. When UsdMxn has the right amount of momentum, you can really see this pair perform well. We are watching this pair for a potential upside move. Does it have the ability to push up from here? *This is not considered financial advice. This is for educational purposes only. Thank you for your positive rating and feel...
USDMXN - Another great set up! Within the channel. A break below takes towards 18.65 areas & a break above matches 200 ema area 19. areas Trade Journal
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 can...
Hi people welcome to team Decrypters we are Expecting this week Reversal on USDMXN pair , its on v key level and if we combined this with our previous Analysis of DXY and VIX .The USD pairs should move upside
Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing the 4H 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 can...
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 can...
here is my setup for USDMXN move the SL to BE at the yellow area >>> TP as shown in the chart make sure to trade with SL it will be fast trade good luck
- Seasonally MXN is strong in NOC/DEC - Seasonally USD is weak in DEC - COT supports this outlook - Asset Managers + Leveraged Money accumulating Longs - Leveraged Money also distributing Shorts - Looking for a drop from DEC Pivot to DEC S2 - Higher Timeframe objective is Weekly Bullish Orderblock at 18.80 COT: images2.imgbox.com
Price pulled back to Fibonacci Retracement Level 50%. Price pulled back to Pivot Point Level. Enter at price 19.42638.
USDMXN is coming down, now breaking 19.43 decisively as the Bank of Mexico's lift rates from 9.25 to 10% as expected, while on other hand US inflation is coming down. So it's a double win for bears on USDMXN which are in full progress now in wave 3 with support around 19.00. Resistance on rally is at 19.43 and the trendline. We have been bearish on USDMXN for a...
USD/MXN has been moving lower since April 2020 in a descending triangle. On a weekly timeframe, the pair found a zone of support between 19.5491 and 20.0338. USD/MXN bounced a number of times and tested the top downward sloping trendline of the channel, failing each time. As USD/MXN nears the apex of the triangle, is it ready to break lower? On May 30th, the...
The Mexican peso (MXN) is one of the conventional high-beta currencies traded on the forex market, making it extremely susceptible to changes in risk sentiment on global financial markets. When MXN inflows occur, it usually signals that investors are willing to take risks. In the last three months, USD/MXN has lost 3%, making the peso one of the best-performing...
It's my personal analysis and opinion, act at your own risk state when trading. It's not investment advice.
USDMXN remains bearish and it’s now in a sharp intraday decline aboutwe have been warning about in the past. We see pair now breaking the trendline support and its falling below the important 19.70 level. This may cause more more weakness as a higher degree bearish triangle can come to an end. In fact, MXN has been one of the strongest even when USD was up vs GBP,...
Hello traders, today we want to update our Crude oil chart compared to USDMXN currency pair from October 06. As you can see, Crude oil remains nicely bullish after we spotted a bullish reversal out of the wedge pattern. At the same time USDMXN pair is breaking out of bigger bearish wave B triangle pattern. Well, Crude oil is now trying to continue higher within...
See Picture For Analysis: -Price reacting off of demand + support + a strong USD dollar for 2022. -Waiting for evidence of buyers to step-in.