How much love these two have?. I have to accept that I expected to see 17.20, It was a crazy dream... (ok, my DXY chart I was using as reference was wrong). This time I will keep them together and see what kind of relationship there is even on days as important as right now for Mexico. (NAFTA and Presidential Elections). Best wishes!!
Hello Traders, First and foremost, I’m net bullish the USD and as such, I will be buying whenever there is an undervaluation at any USD pair in our entry chart. So, the Peso being one of them means I shall be continuously looking for loading points in the 4HR chart. Taking a top down approach, we are seeing hints of higher highs in the USDMXN weekly chart where...
USDMXN Buy Idea @Monthly Demand Zone (17.79357 - 17.05068) Buy Limit: 17.79357 Stop Loss: 17.00491 Take Profit: 18.60271
An idea a little more detailed than the previous one, the peso maintains a strong relationship with usdollar so I can foresee a similar future. This map shows a fairly clear trend, however this is a presidential year and the Left party looks quite strong, a Left that has not been very friendly with plans and laws related to crude oil and privatizations in...
Small update, we continue in congruence with the previous analysis, The push in the dollar index was felt in the Mexican peso. I will be very aware of the following area marked "critical".
I believe this is a great shorting setup with so many confluences. Our first target will be 20 ema on 4 hours charts and eventually the bottom side of ATR channels.
The Mexican Peso has had quite a run against the dollar, but I think the tide may have shifted. This is a longterm play, but the risk reward is absolutely breathtaking if the play follows through. S/l: 17.47 T/p: 22.45
USD/MXN is trading along the lines of a long-term descending wedge. Following a test of its upper boundary mid-March, the pair reversed to the downside and has since reached the southern boundary of this pattern. Despite trying to initiate a new wave down last week, the Greenback reversed and returned to the 18.05 area late on Friday. The rate seems to be...
usdmx was doing an bullish divergence, now it looks like the bull are out of tank, and bears are taking control
Buy Stop ENTRY - 18.44441 SL - 18.28 TP - 18.84 TP - 18.96100 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
USDMXN moves in a notable descending trend: ATR(21) on the daily chart is extremely low. The price is now positioned outside of a trading range which may be an indication of active imbalance between supply and demand. I expect continuation of this trend and consider joining this rally from a pullback.
USDMXN Just don't enter now. wait until it hits the major support. Price will consolidate a bit now before hitting 17.0000. This is a long term trade.
Following a test of the senior channel near 19.90 late in December 2017, the US Dollar began depreciating substantially against its Mexican counterpart. This strong decline allayed mid-January when the pair began a period of consolidation. As apparent on the chart, this movement sideways still continues to prevail in the market. The pair has likewise formed a...
Look to go long on next good green candle - bounce trade
Weekly dollar peso Disclosure: I see the blue 18.05 level holding and a good INTRADAY buying opportunity daily euro peso
should break out from resistance if we gain momentum in this wedge. watch volume spike
Price action recently broke out of a mild wedge into a steep upside channel. I am expecting it to fall lightly into lower trendline support and consolidate for a while finding buyers. I will be looking to go long around 18.59434 if lower channel support holds and we get a nice 3 bar bullish candle formation. I will also be looking at the 2hr chart indicators for...
Intraday Trade Entry - Now (~18.7934) SL 18.74 TP 18.8624 TP 18.9778 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels