Entering long here - will buy more if we see a further downside action $$$ Targeting higher highs within weeks - eyes at 22 MXN $$$
On the hourly chart of USDMXN, the price has formed a bullish divergent squat bar with AO divergence.
The pair could not break the supply line that links lower highs and 19 area is a congestion of multiple resistances, both static and dynamic. USDMXN made 3 consecutive spikes as it could not close above its 200 day MA. At the same level there is also the 61.8% Fibonacci retracement. It is possible to retest its 2018 low at 17.92 and in case USDMXN would make a...
Hello everyone, I'm a fledgling trader and this is my first thought/idea share in here. Right now I believe that the Mexican peso is going lower as the current political state of Mexico takes away some of the FUD as the new president-elect has been talking about developing the country's international relations and putting a somewhat stop on some of the...
A lot of bearish momentum, price is pushing through key support with a bearish engulfing. Will be looking for shorts on the retest of broken support as new resistance for price to make a push down to 18.50
I am shorting USDMXN. Right now it is moving in the leftist Gann angle where price moves fastest in relation to time. Seasonal data confirms strengthening of Peso (means shortening of USDMXN) until 17.07.
Anticipating a double bottom to form as the neckline hopefully will get broken, which will also be confirmed secondly by the break of the trendline. The market points are assumed entry, sl, and tp areas. USD pairs are bullish at the moment, Im quite confident about this one too.
There was a change of trend on the hourly chart of USDMXN after double divergence on the AO indicator. The breakout of the hourly fractal would be an optimal level to enter the market.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
This chart is just an update of the "love or hate" chart, with the EURMXN as a comparison. Even though that chart is already closed it is still a useful reference. In front of us we have important resistances, however, although in the short term 19.40 is possible, in the medium term i see likely to find support above the critical area. I will see how this set...
USD/MXN is trying to break through the bottom of the weekly Ichimoku cloud. With the possible improvement of a working relationship between the new Mexican president and Trump, the fundamentals are also reaffirming what the technicals are indicating. A close below the cloud will be a good indicator that the weekly downtrend has begun.
Pullback in daily at 50% of Fibonacci retracement which is a strong resistance as well. I will buy ONLY if price respects that resistance. Possible scenario: TP1: 19.80 TP2: 20.20 SL: 19.14
USDMXN Buy Idea @Daily Demand Zone (19.67163 - 19.45592) Buy Limit: 19.67163 Stop Loss: 19.40373 Take Profit: 20.37793
My forecast is for peso to make a swing low in July... 7-12ish could be possible but will have to do more research to be more confident. Watch out for elections this Sunday coming up... it could go a little crazy Cheers Gann Analysis
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
the short opportunity was for Friday. but you can stay away and wait for a pullback if it decides to continue down.
In this video I discuss a potential buying opportunity from key support.