Expecting a bearish reversal very soon here. The higher time frame count suggests that we should see a sharp reversal lower as potential wave 3 or wave C. But because we have a nice round base here, this could become a Cup and Handle pattern which is bullish! In that case, we should see price retrace around half of this move up before reversing higher. Key to...
USDMXN Ready for sell again target next support area,
Recent reversal in trend offers buy opportunity. We had impulsive movement today. Watching for correction/pullback to trendline before continuation up. Pullback area is key zone; also expect price to graze moving averages as dynamic support. Study price action around this area for impulsive move to the upside along with other confluences. Trade at your own risk....
after pull back expect a sharp drop make sure u check it on a computer screen
FX_IDC:USDMXN Excellent symmetrical triangle in USDMXN. On this cross we have a low Winrate and a high Risk Reward. We are waiting for a possible breakout.
Hello, I have reasons to believe USDMXN could bounce. You can wait for the FOMC press conference in 3 hours. Price is going up. You may want to buy on a higher high here: The leg down is very extended and about now would be a good time for a bounce: It's possible in a few hours news make the price go up very quickly. I'm comfy because I risk little to...
In today's #marketinsights video recording I analyse #GBPJPY and #USDMXN! #Pound Remains Solid: - MPs support 3-month extension - Monthly CPI rise not as expected, but improved #Yen Likely to Weaken: - BoJ held rates unchanged but acknowledged increasing risks - Ultraloose policy to be re-examined at October meeting #MXN Supported By Fed: - Emerging...
It may go down with fewer tensions in trade wars and President trump away from bad tweets about Mexico. Fed meeting next week may be crucial for the peso as it supports on currency carry. A breaking of 19.38/19.39 may detonate into a mayor recover close to 19.20. Actual levels may be attractive for long term bulls and price may have problems to break down.
15m chart triangle CPI and EBC on Thursday may define if the peso continues to attack 19.3x or goes back to 19.7x
In today's #marketinsights video recording I analyse EURJPY and USDMXN! Euro, although affected by expectations that ECB will not only cut but probably also QE, is trading relatively firm against a weaker yen. BoJ's ease seems to be taken to heart compared to ECB's as Japan is ultraloose already! The Mexican Peso, on the other hand, seems affected by...
If the retracement ends (fibs) see how a previous high, and ABCD pattern matches. Market sentiment is currently bullish on this pair. Cheers!
Two possible scenarios: 1. USDMXN will create the next shooting star soon after reaching 20-- this new high and possible psychological resistance, and expecting it to drop back near 19.5 (or lower, possibly at 19 instead which is the 61.8 fib) by next month, or 2. USDMXN will continue rising near 2018 high esp if DXY tries to reach 100 before bouncing down as...
This par will break any moment, won't resist another attack to the 20.20. That is more likely to happen 1st quarter next year Buy any low, key levels 19.10/19.25/19.40, watch for immigration cooperation, USMCA approval and carry to good entry points. Factors: Trump is going to be in the campaign, and he proved that anti-Mexican rhetoric pays. Oil prices won't...
OANDA:CADCHF - Details on the chart. pipdify, Tamilkumar.
Pattern: 1M Triangle. Signal: Bearish towards a new Higher High (dashed line). Bullish once a bottom is made on that zone. Target: Once the bottom is made, the bullish target should be the 0.786 Fibonacci retracement (worked on all previous instances). Indicative price = 20.0000.
Priceline of US Dollar / Mexican Peso Forex pair is forming a bullish CRAB pattern and soon it will be entered in potential reversal zone insha Allah. Volume profile of complete pattern is showing less interest of traders here RSI is oversold But MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar, so I would suggest when the...