Hi fellows, There is an excellent R:R short opportunity on this trade. Price may retest prior week's high so be cautious when opening a position.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
All eyes are on this pair for potential short. Please use correct MM and strategy.
Bank increase of rates would cause the peso to strengthen against the dollar. Price is also flirting around a key level for this pair. Possible head and shoulders. For educational and demonstration purposes only.
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USDMXN is showing weakness and also calling for the end of the move up. besides that channel is also forming a wedge where I expect a move down to 19-18.5 and then a re-test of the lower support. As I always say, let's check for confirmation before entering a short, I may enter a position next Monday.
2 POSIBILIDADES,(1) COMPLETA EL PATRÓN ÁRMONICO, CHOCA CON LA ZONA DE RESISTENCIA VISTA EN DAILY TOMÁNDOLA COMO TECHO Y EL PRECIO COMIENZA A CAER, Ó (2) ROMPE LA ZONA DE RESISTENCIA, INVALIDA EL PATRÓN Y POSTERIORMENTE RETESTEA LA ZONA DE RESISTENCIA COMO UN PISO PARA DESPÚES CONTINUAR SUBIENDO.
This a trend analysis on USD/MXN. Our first indicator on an uptrend comes from the golden cross on October 26, 50 MA crossed the 100 MA. Last two times it happened we saw important increases which should mean midterm profit. Both the stochastic and RSI are pointing up, but buyers are getting tired, so my entry point should be between 19.43-19.83 with a...
The Mexican peso seems to be recovering and although it is important to see how it reacts to the supports, everything indicates that it will remain positive until the end of December. It is important that I keep an eye on the news and reactions to the new president, but in general the analysis gives enough information to be reliable. Follow you own plan. Best...
We have been monitoring USDMXN for a potential short opportunity as the USD looks to be failing to move higher. We have seen price move higher as of late due to the increase of interest rates in the US however we are now at a key resistance zone. Looking at price it printed a head and shoulders pattern at the key resistance potential showing further downside to...
You can go short now, but be carefull with your trades.
The US Dollar has been appreciating against the Mexican Peso since the middle of October when the currency pair reversed from the lower boundary of a medium-term ascending channel near 18.75. As apparent on the chart, the rate is testing the upper channel line located near 20.10. It is most likely that a breakout from given channel occurs in the nearest future....
Short USDMXN @ 20.07; TP @ 19.67, SL your choice
Looks like rally started. I think the direction will be up. Don't forget to do your risk analysis.
Our beloved Mexican peso is going through a difficult moment, but he has a chance to fight. The uptrend has a very complicated zone ahead, and the time window begins to close. To achieve the level and close the movement around 19.70, it is necessary a violent movement that at this point looks complicated, unlikely but not impossible. From my point of view, it is...
Pretty clear bearish divergence on RSI and MACD Look to enter short positions
50x short on $USDMXN as indicators show its overbought and volume is lacking. Also divergence on price/RSI.