It could bounce from 19.27000. wait for conformation. Don't forget that only the USD is in play here.
There is enough information to push this pair, the critical area shows an important cluster of resistance near September 20. As always this is just a part of the information that should be compared and taken into account with many other variables. Best wishes to all.
Long term trade in this channel. MACD still has strength, dollar still is in favor. Stop loss below this recent low/support/trendline. Account is still around 11k with all the action from last week. Only entering with 2 minis. Happy trading, -Sherem
The US Dollar has been depreciating gradually against the Mexican Peso for two weeks now. This movement has been bounded in a descending channel. As apparant on the chart, the US Dollar has reached the upper boundary of this pattern. In addition, the solid bullish momentum which prevailed yesterday has allayed today, thus sending the pair for a minor...
Wait Fundamental Support!
My setup to trigger the BUY UP on this pair is going to take me UP in this trade for the next 2-3 Weeks. I BOUGHT 5 Standard Lots @ 18.6229.
Seguramente hay muchos traders técnicos largos USDMXN, a mi parecer el fundamental indica todo lo contrario y creo que esta volatilidad puede dar entradas interesantes. El acuerdo del NAFTA aunque es una negociación aún sin efectos legales hasta ser aprobada por el congreso, representa un gran avance para las relaciones de México-EUA y elimina el riesgo de un no...
At the H4 chart of USDMXN, it seems that the instrument is in an ABC bullish zigzag, more precisely in the beginning of wave C. Also, a buy fractal is forming above the Alligator indicator with AO above the zero line. Pending buy level if the price breaks the fractal.
The dollar opened with bullish sentiment after finding support above 18.84. We can expect a re-testing Fridays high an lows. Range 18.90-19.15
yes, I'm feeling pretty confident about this pair showing a well balanced pair and showing positive news about what the president doing meeting and having international presidents and political leaders from foreign countries indicating positive moves from this pair, taking notion of this pair... On long yes, neat risk enough for a sufficient TP..
USDMXN Buy Idea @Weekly Demand Zone (18.33957 - 17.94947 ) Buy Limit: 18.35841 Stop Loss: 17.83993 Take Profit: 21.38384
USDMXN Sell Idea @Weekly Supply Zone (21.46976 - 22.02950) Sell Limit: 21.44082 Stop Loss: 22.07326 Take Profit: 20.09048
This is what I will be keeping my eye on next week: FX:EURUSD,FX:GBPUSD,FX:USDCNH,FX:USDMXN,FX:USDTRY,FX:EURJPY,FX:EURCHF,FX:EURCAD,FX:GBPJPY,FX:GBPCAD,TVC:GOLD,TVC:SILVER,COMEX:HG1!,BITFINEX:BTCUSD There might be some opportunities, and I want to perfect my trading in FX, so I will ignore stocks unless I have time, my priority is really making my FX trading...
I forgot to mention Mexico ETF EWW +17.75% & also short MXNUSD +10%
USDMXN has made a higher low right after hitting that weekly swing level. Now it looks like price is breaking out to the upside. You can buy the breakout or wait for a new higher low. Either way; keep a tight SL because we are still in the London session and this pair will get traction during the US session. Trade safely!
Out of 32 charts I watch only 3 are trending, and I missed my entry on 2 of them which are silver and USDMXN huhuhu. Well maybe some exotics are trending my account to trade them is not set up yet so I did not check 4-5 charts. Before I write what I think, I would just want to post my watchlist, and if someone is interested in what I think about one of those, I...
USDMXN is aiming lower as it extends the 1D Channel Down formation (RSI = 31.723, MACD = -0.292, Highs/Lows = -0.1361, B/BP = -0.3496). This is part of a larger 1W Head and Shoulder's pattern that should later trade sideways on its neckline. For now we are shorting with TP = 18.16975.